National Housing Bank

1. Introduction

The objective of the scheme is to provide refinance assistance to Regional Rural Banks (RRBs) in respect of the individual housing loans already advanced by them for purchase/construction/ repairs & upgradation of housing unit.

2. Eligibility Criteria and Extent of Refinance

Regional Rural Banks (RRBs) having positive net owned fund * fulfilling the following criteria will be eligible to draw refinance from NHB as shown below :

• Net NPA to net advances ratio less than or equal to 5% and making profit as per the latest audited accounts would be eligible for refinance to the extent of 100%

• Net NPA to net advances ratio not exceeding 7.5% and making profit as per the latest audited accounts or making losses as per the latest audited accounts but showing promising signs of improvement towards profitability would be eligible for refinance to the extent of 50%

* (Net Owned Funds = Share Capital + Reserves –Investment fluctuation Reserve - Accumulated losses – Deferred tax/ intangible assets/ Miscellaneous expenditure not written off)

3. Eligible loans

Direct Housing loans upto Rs. 15 lakhs disbursed by the RRBs to individuals would be eligible for refinance from NHB. All housing loans covered/to be covered under refinance should be Standard Assets in terms of RBI guidelines applicable to RRBs.

4. Exposure Norm

Refinance exposure to RRBs would be restricted to 5 times of NOF of the RRB or 10% of NHB's capital fund whichever is less.

5. Rate of Interest

The interest rate charged to the RRBs shall be as prevailing on the date of disbursement and will depend on the repayment period opted by the RRB. The rate of interest is subject to periodic revision by NHB.

6. Revision in interest rate on fixed rate loans

For refinance outstanding at fixed rates of interest, NHB will have the option to revise the rates on outstanding loans on completion of 3 years. The revised rate will be effective from the quarter immediately following the quarter in which 3 years get completed. The applicable interest rate will be the then prevailing fixed rate of interest for the term equivalent to the original repayment period of that loan. In the case of upward revision, the RRB will have the option to either continue with the outstanding balance on the revised rates or to prepay the same without any prepayment levy. However, in the case of downward revision, if the RRB so desires, they would be allowed to prepay the amount only on payments of applicable prepayment levy.

7. Term of Refinance

The refinance will be repayable within a period not exceeding 10 years with a minimum repayment period of one year. The RRB will have the option to choose repayment period as per their requirement within the prescribed limit. Repayment of principal and payment of interest will be on quarterly basis. Repayment of principal will start after one clear calendar quarter from the date of release while payment of interest will start from the immediate quarter.

8. Prepayment

The RRB, after availing of refinance from NHB, may repay the whole or any part of the amount earlier than the due date by giving two months' notice to NHB of its intention to effect such repayment before the due date. NHB will levy a prepayment charge as mentioned below, on such prepayments:

Residual Maturity	Prepayment Levy
Less than 5 years	0.5% of amount to be prepaid
5 years and above	1% of amount to be prepaid

The prepayment levy payable by RRBs to NHB would be independent of the fact as to whether prepayment levy is being charged by RRBs from their borrowers. The RRB will be required to furnish the particular refinance account numbers against which prepayment is being made. In the absence of such details the prepaid amount will be credited to the refinance released earliest and outstanding on ‘first in first out' basis. In case of part-prepayment, the size of instalment as originally fixed at the time of release will not be altered. Consequently, either the last instalment will get reduced or the period of repayment would get reduced depending on the amount prepaid.

9. Refinance Limit Sanction Procedure

The refinance operations of NHB are centralised at New Delhi . Refinance in a year will be released on the basis of the limit sanctioned to the RRB for the year [July to June]. RRB desirous of availing refinance will submit to NHB an application for sanction of refinance limit in the form NHB-ROD[RRB]-01 along with the following :

• Annual Report of the RRB for the last three years.

• Housing loans disbursements in the form NHB-ROD[RRB]-02 indicating the disbursement of housing loans during the previous year and outstanding housing loan

• Classification of housing loans as on 31 st March of the last audited year in the form NHB-ROD[RRB]-03 .

• A copy of the Executive summary of NABARD's latest inspection report / findings on the RRB, together with the compliance report thereon.

• Board resolution designating the officials authorised to sign documents, claims, etc. for the purpose of the Refinance in format NHB-ROD[RRB]-04(A)/ NHB-ROD[RRB]-04(B) .

• Specimen Signatures of the authorised officials.

10. Documentation

RRBs availing refinance are required to execute a one time Memorandum of Agreement with NHB. They are also be required to execute a letter of authority in format NHB-ROD[RRB]-05 to its parent bank authorizing the parent bank to debit any monies lying in the account maintained with the parent bank in the event of default committed by the RRB in repayment of its dues to NHB and remit the same to NHB as and when requested by NHB.

11. Refinance Claims Procedure

After receiving sanction from NHB and on completion of all formalities as indicated in the sanction letter, the RRB has to submit an application to draw refinance in the form NHB-ROD[RRB]-06 to NHB at its New Delhi office. An official authorised for the purpose should sign the refinance applications submitted by RRB. The minimum size of a refinance application shall be Rs. 1 crore or the refinance limit whichever is lower.

12. Repayment Procedure

a] Repayments of principal and payments of interest / penal interest should be made at the Mumbai office of NHB, at 3rd floor, Bombay Life Building, 45, Veer Nariman Road, Fort, Mumbai 400 023.

b] Repayment of principal shall be made as indicated below:

i] The amount of refinance availed shall be repaid to NHB in a period not exceeding 10 years by way of 40 equal quarterly instalments or less, as may be specified by NHB.

ii] The due date for the repayments shall be the first day of each quarter [i.e. January 1, April 1, July 1 and October 1 each year].

iii] Repayment of principal shall commence after a gap of one clear calendar quarter following the disbursal of refinance and as may be specified by NHB. For example, if refinance is disbursed on October 4, 2002 the first instalment of principal will fall due for repayment on April 1, 2003, i.e. after a gap of calendar quarter January to March, 2003.

c] Payment of interest shall be made as indicated below :

i] Interest to be paid to NHB on refinance, will be calculated on daily product basis and charged at quarterly rests.

ii] For calculation of interest, a ‘year' will be taken as 365 days, irrespective of whether the year is a leap year or a normal year.

iii] Payment of interest shall commence from the first day of the quarter immediately succeeding the date of disbursal of refinance.

For example, if refinance is disbursed on October 4, 1997 interest on the refinance will first fall due for payment on January 1, 1998.

d] If the due date for repayment of principal / payment of interest is a holiday for the Mumbai office of NHB, and the credit in respect of the amounts due is received by NHB within the first three working days thereafter, the RRB shall pay interest on the amounts due, at the applicable rates of interest for the additional days upto the day of payment to the Mumbai office of NHB. It may please be noted in this regard, that the Mumbai office of the NHB observes holidays as declared for the State of Maharashtra in terms of the Negotiable Instruments Act, 1949. It may be noted, further, that NHB observes a five day week and that, accordingly, its offices remain closed on Saturdays and Sundays.

e] For any delay beyond the first three working days for the Mumbai office of NHB, the RRB shall pay additional interest on the amount in default for the total period of delay, at the rate of two per cent per annum above [i] the prevailing rate of refinance for the highest interest rate bracket for refinance in respect of such loans OR [ii] the applicable rate, whichever is higher.

f] RRB shall make payments to NHB promptly on due dates, irrespective of whether or not the amount is actually recovered by the RRB.

Other Terms:

• Proper Books
Proper books of accounts, registers, etc. should be maintained by the RRB in respect of housing loans granted / refinance availed from NHB and these should be kept up-to-date.

• Returns
NHB may call for any information or returns from the RRB availing refinance.

• Statutory Returns
The RRB should be prompt and regular in submission of statutory returns.

• Inspection / Audit Compliance
Action on any findings by inspection / audit of RBI / NABARD should be taken promptly.

• Appraisal and Follow-up of Housing Loans
The RRB should have proper systems and procedures for appraisal and follow-up of housing loans, as also expert, qualified staff for handling housing loans and adequate arrangements for training them.

• NHB's Guidelines
Finance provided by the RRB for housing and covered under the Scheme should conform to guidelines issued by NHB from time to time.

• Obtaining Requisite Approvals, etc.
Approvals or permissions or licenses, etc. of the competent authorities, wherever required will be obtained by the RRB and it shall comply with all applicable laws, Rules and Regulations, etc.

• Life Span of Dwelling Units
Since repayment period should not exceed the life span of the house / unit financed out of the housing loan, it should be ensured that the construction is pucca / semi-pucca with a life span of not less than 30 years.

• Post-disbursal Discipline
There should be proper post-disbursement supervision and follow-up of housing loans to ensure proper end-use of funds as also timely and regular repayment of the loans.

• Refinance at Discretion of NHB
Refinance in terms of this scheme shall be available at the sole discretion of NHB and cannot be claimed as a matter of right.

• Inspection
The books of accounts, registers, and all other relevant records of the RRB maintained in respect of housing loans refinanced as also the land /houses, etc. financed from the same may be inspected by or on behalf of NHB .

• Recall of Refinance
NHB reserves the right to recall the refinance in the event of diversion of the relative funds for purposes other than housing or for suppression of any material information by the RRB or the happening of any such event, which may, in the opinion of NHB, endanger the repayment of refinance.

• NHB's Right to Modify The Scheme
NHB may, at its sole discretion, modify the Scheme either in respect of all RRBs or in respect of any one or group of RRBs.

• Adverse Balance Certificate and list of flagged loans

• RRB's would be required to submit a certificate as March 31 st every year, duly signed by their Chief Executive Officer, confirming that the outstanding refinance from NHB does not exceed the total outstanding housing loans, in respect of which refinance has been availed (flagged loans).

In the case of adverse balance arisi
ng due to pre-closure of loans in normal operations of lending and accelerated repayments, the same may be repaid following the required procedure and on the advice of NHB. Such repayments due to adverse balance shall not attract any levy.

• RRB's would submit a list of housing loans (flagged for refinance) as on 31 st March every year to the bank

• Periodic return to NHB

Sr No.	Form No.	Nature of Statement	Periodicity	Due Date
1.	ROD-RRB-AR-01	Annual information	31 st March	To be submitted by 30 th June
2.	ROD-RRB-AR-02	Adverse Balance Certificate	31 st March	To be submitted by 30 th June
3.	ROD-RRB-AR-03	Statement of Flagged Loans	31 st March	To be submitted by 30 th June
4.	ROD-RRB-AR-04	Annual statistical information	31 st March	To be submitted by 30 th June

Returns in Sr. No. 1, 2 and 3 are to be furnished by all RRBs having outstanding refinance. However return in Sr. No. 4 (ROD-RRB-AR-04) on Annual statistical information is to be submitted only by RRBs who have availed refinance during the financial year of the return.

LIST OF ANNEXURE

	Statement No.	Name/Nature of statement
1	NHB-ROD[RRB]-01	Application for sanction of refinance limit
2	NHB-ROD[RRB]-02	Statement on disbursement of housing loan
3	NHB-ROD[RRB]-03	Statement on classification of Housing Loans
4	NHB-ROD[RRB]-04A	Draft Format of Board Resolution (for banks taking refinance for first time)
5	NHB-ROD[RRB]-04B	Draft Format of Board Resolution (for banks which are not taking refinance for first time)
6	NHB-ROD[RRB]-05	Format of letter of authority
7	NHB-ROD[RRB]-06	Application for drawal of refinance (Against Direct Loans for individual housing loans)

Periodic Returns to NHB (Annual)

	Statement No.	Name/Nature of statement
1	ROD-RRB-AR-01	Annual information
2	ROD-RRB-AR-02	Adverse Balance Certificate
3	ROD-RRB-AR-03	Statement of Flagged Loans
4	ROD-RRB-AR-04	Annual statistical information

NHB-ROD[RRB]-01

Ref. No.

Date :

The General Manager,
Refinance Operations Department,
National Housing Bank
Core 5A, 4 th floor, India Habitat Centre
Lodi Road , New Delhi - 110003

Sir,

Request for financial assistance under NHB's scheme for providing Refinance Assistance to Regional Rural Banks

We ……………. (bank) hereby apply for financial assistance to the extent of Rs. ………. in respect of finance provided / to be provided by us to our constituents for housing under the captioned scheme. We hereby confirm that our bank has sanctioned and disbursed / will sanction and disburse loans to the extent of Rs………… under the said scheme.

2. We are enclosing a certified copy of the necessary authority* to borrow the said financial assistance as envisaged in the Scheme.

Yours faithfully,

For and on behalf of ……….. (name of Bank)

(Authorised Signatory)

* Authority in the form of Resolution passed by the Board of Directors of the Bank in the form prescribed by NHB.

NHB-ROD[RRB]-02

Statement of disbursement of housing loans

Housing loan outstanding as on 31 st March of the previous year

[Amount in Rs. lakh]

	Amount disbursed during the previous year *	Outstanding at the end of the year

Direct Housing Finance Individuals
Indirect Housing Finance **
Total

Notes

* Only principal amount to be included here

** Indirect housing finance provided by banks by way of investment in bonds of NHB and HUDCO should not be included here

NHB-ROD[RRB]-03

Classification of Housing Loans

[Rs./Lakh]

	YEARS*
Housing loans**	As on 31 st March of ……………		As on 31 st March of ……………		As on 31 st March of ……………
	Amt	% to total housing loan	Amt	% to total housing loan	Amt	% to total housing loan
Standard Housing loans
Sub-standard Housing loans
Doubtful Housing loans
Loss Housing loans
Total Housing loans		100		100		100

* Information in respect of last three consecutive financial years is to be provided.

** Information to be furnished above should be in respect of entire housing loan portfolio and not only those refinanced by NHB.

NHB-ROD[RRB]-04A

DRAFT FORMAT OF RESOLUTION TO BE PASSED BY THE BOARD OF THE BORROWING SCHEDULED BANK FOR EXECUTION OF AGREEMENT

(applicable to banks which have not taken refinance earlier)

Resolved;

• That the ……………………… (name of bank) do borrow from the National Housing Bank (hereinafter referred to as "the Housing Bank") under its refinance scheme applicable to Regional Rural Banks by way of refinance for the purpose of promoting housing in the country on the terms and conditions set out in the draft Memorandum of Agreement forwarded by the Housing Bank with its letter No. ………………. dated ………………, a copy whereof duly authenticaed by the Chairman has been circulated to the Members of the Board.

• That the draft Memorandum of Agreement forwarded by the Housing Bank with its letter no. ………….. dated ………….. be and is hereby approved and Shri………………………………. and Shri …………………. (name and designation) be and is hereby authorised to execute the Memorandum of Agreement under their signature duly witnessed.

• That Shri …………………………, director / official and Shri ……………………. director / official be and are hereby authorised severally to borrow an amount up to Rs………….. with or without security from the Housing Bank by way of refinance for the aforesaid purposes from time to time upon the terms and conditions set out in the said Memorandum of Agreement with such modifications as might have been agreed to on behalf of the Bank and accept and convey acceptance on behalf of the Bank to the Housing Bank to the letters of sanction that may be issued by the Housing Bank from time to time in connection with the said borrowings.

• That the following officials of the Bank

• ………………………………….

be and are hereby authorised severally to execute on behalf of the Bank and in favour of the Housing Bank such other deeds and documents, promissory notes, declarations and other writings whatsoever as the Housing Bank may require from time to time in connection with the aforesaid borrowings by way of refinance and generally to do or cause to be done such other acts, deeds and things as may be required by the Housing Bank in connection with the said borrowings.

NHB-ROD[RRB]-04B

DRAFT FORMAT OF RESOLUTION TO BE PASSED BY THE BOARD OF THE BORROWING SCHEDULED BANK (which has taken refinance earlier)

Resolved that the _______________________________________________________*do borrow from the National Housing Bank [hereinafter referred to as "the Housing Bank"] by way of refinance or otherwise for the purpose of housing loans extended / to be extended by it, from time to time, a sum of Rs…………………

2. RESOLVED FURTHER THAT the power to borrow from the Housing Bank for the aforesaid purpose be and is hereby delegated to the following officers severally, namely:

I.____________________________________[Name & Designation]

II.___________________________________[Name & Designation]

III.___________________________________[Name & Designation]

3. RESOLVED FURTHER THAT the aforesaid Officers be and are hereby authorised severally to convey acceptance of the terms and conditions of the said borrowings from NHB on behalf of the Bank and to execute in favour of the Housing Bank, promissory notes, agreements, declarations and such other documents including statements and returns as may be required by the Housing Bank in connection with the said borrowings and generally to do or cause to be done such other acts, deeds and things as may be required by the Housing Bank in connection with the said borrowings.

* Name of the bank

NHB-ROD[RRB]-05

LETTER OF AUTHORITY TO BE EXECUTED BY A REGIONAL RURAL BANK TO THE SPONSOR BANK FOR DEBITING THE CURRENT ACCOUNT OF THE FORMER

Place :

Date :

The Manager,

______ Bank

_________________

Dear Sir,

Our Current A/c No./ Nos. ________________ with the ______ Bank at ___________________.

The National Housing Bank (hereinafter referred to as the Housing Bank) has agreed to provide Refinance Facilities under the provisions of the National Housing Bank Act, l987 and the accommodation sanctioned by them will be operative effective ____________. The relevant Clauses of the General Agreement executed in this regard stipulate, inter alia, that the Housing Bank shall be authorised by us to require you to debit our above Current Account/s with you in the event of default committed by us in the repayment of the principal instalments of any loan or loans drawn by us under the refinance sanctioned to us also in the payment of interest due thereon, on the due dates, with such sums representing the principal amount or interest due thereon as may be in default by us and remit the same to the Housing Bank in such manner as they may require by debit to our Current Account/s maintained with you.

2. Accordingly, we hereby authorise and request you that as and when a written requisition is received by you from the Housing Bank and notwithstanding any dispute that may exist or arise between us and the Housing Bank, you may without reference to us, debit our Current Account/s with such sums as may be specified by the Housing Bank in its written request and pay the same to the Housing Bank in such manner as they desire.

3. We agree to the fact that the Housing Bank has approached you in writing for debiting our Current Account/s with you shall be a conclusive proof that default has arisen in respect of payment of dues by us to the Housing Bank and it shall not be necessary for us to admit to the fact of such default by means of a separate advice to the Housing Bank.

4. This letter of authority shall not be revoked by us except with the prior concurrence of the Housing Bank and you may act upon this authority until such time this authority is revoked.

5. Please acknowledge receipt of this letter and also return the duplicate copy thereof duly confirmed by you to the Housing Bank at New Delhi .

Yours faithfully

For and on behalf of the __________________________________________

Authorised official_______________________________________________

Confirmation of the _________ Bank on the duplicate copy of the letter of authority.

Returned to the National Housing Bank, New Delhi .

________ Bank hereby agrees to comply with the requisitions as may be issued by the National Housing Bank, from time to time, in terms of the above letter of authority

For ________ Bank

Authorised official

Place: [Official Seal]

Date:

NHB-ROD[SCB]-06

FORMAT OF APPLICATION FOR DRAWING REFINANCE

(Direct Loans for individual housing loans)

The General Manager,
Refinance Operations Department,
National Housing Bank
Core 5A, 4 th floor, India Habitat Centre
Lodi Road , New Delhi - 110003

Sir,

Refinance Assistance to Regional Rural Bank for their lending for Housing

Year	2005-06 ( July - June )
Index no. of claim *	(LT - 05-06) - ____

Loan size for which refinance is being claimed [tick (v) any one option]

• Loans upto Rs.15 lakhs* given in rural areas and eligible for refinance under Golden Jubilee Rural Housing Refinance Scheme, 1997 (GJRHRS)

(*applicable in respect of loans disbursed on or after 18-11-2004. For loans disbursed before 18-11-2004, earlier ceiling of Rs.10 lakhs shall apply).

• Loans upto Rs.15 lakhs, other than (a)

Name of Regional Rural Bank

Limit Sanctioned for the Year

Limit Utilized

Limit Available

Scheme (Regular / GJRHRS)

Direct refinance against individual housing loans)

Sr. No.	Particular	No. of Loan Accounts	Amount (in lakhs)
a)	Individual Housing Loans outstanding in the books of the bank as on ___________
b)	Individual Housing loans outstanding against the refinance being claimed under the present claim*#

* Refinance will not be claimed for outstanding loans against which funds has already been sought from NHB or any other institution.

#For RRB falling under eligibility norm 2(b) a 50% margin has to be maintained between individual housing loans flagged and refinance amount.

Interest Type Opted

FIXED

Repayment Option

• Principal will be repaid in ……….. (1 to 10) years in equated quarterly instalments and interest will be paid every quarter.

10. We undertake that :

• All housing loan details pertaining to the above claim is available at the HO.

• All information/statements as may be required by NHB from time to time shall be submitted promptly.

• The housing loans granted to the constituents have been utilised by them for the purpose for which the loans have been granted.

• No refinance/finance has been taken against these loans from NHB or any other institution and these loan accounts would remain unencumbered during the pendency of refinance.

• The housing loans covered under NHB refinance are classified as Standard Assets as defined under RBI guidelines.

• The loan disbursed in rural areas for which refinance is being sought under the Golden Jubilee Rural Housing Refinance Scheme has been properly classified and the location of the dwelling unit is as covered by the 1991 census.

• Maximum size of individual housing loan for which refinance is being claimed does not exceed Rs.15 lakhs.

• We will properly identify all loans for which financial assistance is obtained from NHB and maintain a list of all such loans. All information pertaining to such accounts will be kept readily available with us. Individual housing loans once flagged against NHB's refinance will never be changed without prior sanction of NHB as long as they are in the books of Banks and they will be distinctly identifiable. List of such book debts would be submitted to NHB on demand. Further, the branches will be having the list of NHB refinanced loans at their end for easy identification during inspection.

11. We undertake to repay the refinance as per the repayment schedule furnished by NHB.

12. The refinance amount may please be paid in to account no. ________________ having IFSC Code _______________ maintained with _________[Name of the Bank/Branch/ Place].

Yours faithfully,

Place :

Date :

Authorised Signatory

Note

• Numerical serial no. of the present claim is to be entered. It may be noted that index no. of claim will be a running series starting from 1 to be reset at the beginning of every year (July to June). e.g. If three other claims under the regular scheme have already been sent to NHB during the year 2005-06 (July to June) and the present claim is the fourth claim of the year, the Index no. of claim should be entered as (LT - 05-06) - 4. Claims made under the Regular and GJRHRS schemes will carry the same running series.

• Separate applications are required for refinance under Golden Jubilee Rural Housing Refinance Scheme and for other loans.

• Similarly, separate applications are required for refinance on floating and fixed rate of interest and for different repayment period.

• Rural area is the area comprised in any village including the area comprised in any town, the population of which does not exceed 50,000 as per the 1991 census.

NHB-ROD-RRB-AR-01

To be submitted by 30 th June

Annual Information to be furnished as on 31 st March, ---------

• Annual Report as on 31st March,…..
• Movement of Gross NPA of all loans during the year ended 31 st March,…..

(Rs. crore)

Opening balance of Gross NPA as on 1 st April …..
Add : Additions NPA during the year
Less : NPA collected/ recovered during the year
Closing Balance of Gross NPA as on 31 st March …

• Asset quality of all loans/advances as on 31st March,…..

(Rs. crore)

Asset Classification	Outstanding Balance	Provisions (if any)	Outstanding balance net of provisions
Standard
Sub-Standard
Doubtful
Loss
Total

• Information Regarding Individual Housing Loans

(Rs. crore)

	Direct individual Housing Loans
Individual Housing Loans Sanctioned during the year ended 31 st March,…..
Individual Housing Loans Disbursed during the year ended 31 st March,…..
Individual Housing Loans Outstanding as on 31 st March,…..

• Asset quality of individual housing loans as on 31st March,…..

(Rs. crore)

Asset Classification	No. of Accounts	Outstanding Balance
Standard
Sub-Standard
Doubtful
Loss
Total

• Asset quality of individual housing loans flagged to NHB as on 31st March,…..

(Rs. crore)

Asset Classification	No. of Accounts	Outstanding Balance
Standard
Sub-Standard
Doubtful
Loss
Total

• Position of Age-wise Overdue Debtors in respect of Individual Housing Loans as on 31st March,…..

Aggregate individual housing loans outstanding (principal only) [A]
(Amounts in Rs. crore)
Age - wise debtors (EMI overdue) (1)	No. of Accounts (2)	Aggregate of principal outstanding in overdue accounts (3)**	Column (3) as a % of A
1 @ -3 months
3-6 months
6 - 12 months
12 - 24 months
> 24 months
Total

**aggregate of principal outstanding in the overdue accounts against each time slab has to be given (and not the total of outstanding EMI)

@EMI due on 1-3-2006 will be considered as 1month overdue if not paid by 1-4-2006 and so on

For …………….. (Name of Bank)

Authorized official

Place : [Official Seal]

Date :

NHB-ROD-RRB-AR-02

Adverse Balance Certificate as on 31st March every year

Text Box: To be submitted by 30th June

As on 31st March .….

Individual housing loans

(a)

Sum aggregate of all outstanding housing loans in respect of which refinance has been availed as on 31st March , .….

(b)

Outstanding Refinance due to NHB as on 31st March, .…. #

(c)

Adverse Balance (b - a), if any

# The outstanding refinance as on 31st March will not show lesser balance due to repayment made in advance in the last week of March for the demand due on 1st April of the ensuing quarter

** This figure should tally with 1(c) above.

Certified that :

• The figures of (a) above, are based on the books of accounts maintained by the company, as on 31st March 20….

• The loan accounts for which refinance has been taken from NHB can be distinctly identified from the records of the company. A list of all such accounts is enclosed in the format NHB-ROD-RRB-AR-03 . The figures mentioned above, ihave been verified by from this list.

• The loan accounts for which refinance has been claimed under Gujarat Earthquake Scheme / Golden Jubilee Rural Housing Refinance Scheme (GJRHRS) conform to the locational criteria prescribed under the respective schemes.

Signature of Chief Executive Officer

(With Name and Designation

Office Seal

NHB-ROD-RRB-AR-03

Statement of Flagged Loans as on 31st March every year

(To be submitted in soft copy in MS Excel on a CD)

(To be submitted along with the Adverse Balance Certificate)

Table I

No.

Refinance loan a/c no.

File No./ Code

Branch of Bank

Name & Address of Constituent

Address of Property

Date of Mortgage/ Pledge

Loan outstd. as on 31st March …..

Note

(a)

RRBs will submit this statement as on 31 st March in respect of housing loans for which refinance

has been obtained from NHB.

(b)

This statement is to be submitted along with the adverse balance certificate NHB-ROD-RRB-AR-02 .

Note

(a)

RRBs will submit this statement as on 31 st March in respect of housing loans for which refinance

has been obtained from NHB.

(b)

This statement is to be submitted along with the adverse balance certificate NHB-ROD-RRB-AR-02 .

Text Box: To be submitted by 30th June

NHB-ROD-RRB-AR-04

Statistical Return only on loans against which refinance has been availed from NHB during the financial year ended 31 st March 200..

I. Statement showing income details of beneficiaries of housing loans in respect of which refinance availed during the year ended 31 st March 200.. from NHB.

Monthly Income of Beneficiary Household

	Particulars	Number	Amount Rs.
1	Less than or equal to Rs.5500/- p.m.
2	Between Rs.5501/- p.m. to Rs.8109/- p.m.
3	Above Rs.8109/- p.m.
	Total

Note : Amount furnished should tally with total amount of refinance claimed during the year ended March 31, 200..

II. Statement showing state-wise disbursement of housing loans in respect of which refinance availed during the year ended 31 st March 200.. from NHB.

(Rs. lakhs)

No.	Name of the State/UT	Scheduled Castes		Scheduled Tribes		OBC		Other Categories		Total
No.	Amount Rs.	No.	Amount Rs.	No.	Amount Rs.	No.	Amount Rs.	No.	Amount Rs.
1
2
3
4
5
	Total

Note : Amount furnished should tally with total amount of refinance claimed during the year ended March 31, 200..

III. Statement showing the disbursement of housing loans for which availed during the year …………… from NHB

Loan Size		No. of units	Amount
[A] Up to Rs.2,00,000/-	1. Rural
2. Urban
[B] Rs.2,00,001 to Rs.5,00,000/-	3. Rural
4. Urban
[C] Rs.5,00,001 to Rs.10,00,000/-	5. Rural
6. Urban
[D] Rs.10,00,001/- to Rs.25,00,000/-	7. Rural
8. Urban
[E] Rs.25,00,001/- to Rs.1,00,00,000/-	9. Rural
10. Urban
*Total*

Notes :

1. 'Rural Area' is the area comprised in any village including the area comprised in any town, the population of which does not exceed 50,000 as per 1991 census.

2. 'Urban' means all areas other than 'Rural'

3. Amount furnished should tally with total amount of refinance claimed during the year ended March 31, 200..

4. Return pertains only on loans against which refinance has been availed from NHB during the financial year ended 31st March 200.. If no refinance has been availed during the financial year a nil return may be submitted.

Certified that the data furnished in the statement is true and correct.

Place :

Date :

Authorised Signatory