National Housing Bank : Raise Rs 4,500 crore in 6 months

India's housing finance regulator NHB (National Housing Bank) will raise about Rs. 4,500 crore this fiscal  (2011 -12)  to fund housing activities.

Mr. R. V. Verma, CMD, NHB said, "We have already raised Rs. 4,500 crore and Rs. 4,500 crore will be raised during the remaining period of the current fiscal"  .

The NHB, which is wholly  owned by Reserve Bank of India (RBI) and follows the July-June financial year, has fixed the refinancing disbursement target for 2011-12 at Rs. 12,500 crore against Rs. 11,723 crore in last fiscal.

The funds will be raised from different channels like bonds, LIC, banks and financial institutions and international financial institutions and utilised for refinancing housing loans of housing finance companies and commercial banks.

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