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Conference on Reverse Mortgage Loan (RML) & Launch of NHB’s RML Counselling Centre at Patna, August 27, 2012

National Housing Bank (NHB), the apex housing finance institution, opened its first Reverse Mortgage Loan (RML) Counseling Centre for Senior Citizens at Patna in association with HelpAge India on August 27, 2012. The Centre was launched by  Shri H.R. Khan, Deputy Governor, Reserve Bank of India in the presence of Shri R. V. Verma, CMD, NHB, Shri P.K.Jena, Regional Director, RBI, Patna, Shri D. V. Deshpande, CGM, NABARD, other senior officials of Banks and HFCs & Dr Harvinder Bakshi, National Director of HelpAge India. This is the 13th such RML Counseling Centre in the country established by NHB in association with HelpAge India and other industry partners.


To mark the launch of the Patna RML Counseling Centre, NHB organized a Conference for the Senior Citizens and executives from Banks and Housing Finance Companies at RBI, Patna. While inaugurating the Centre, Shri Khan lauded the initiative of NHB regarding launch of RML and its RML Counselling Centres. Deputy Governor, RBI also urged the banking community to popularize the Scheme that has been designed to assist senior citizens community and ensure that the benefits under the Scheme are made available to them. He also advised them to deal with the Scheme with sensitivity and compassion for the senior citizen community.Shri R.V. Verma, CMD, NHB in his opening remarks highlighted the role played by NHB in formulation and promotion of the Reverse Mortgage Scheme and in capacity building and awareness generation about the Scheme. He also mentioned that NHB was celebrating its Silver Jubilee year during which the Bank would be organizing more such events and launch new products and Schemes for the housing sector. One such initiative will be the launch of Mortgage Counselling initiative across the country in respect of regular mortgages (housing loans) also, in partnership with Indian Institute of Banking & Finance (IIBF).


The Conference also included a detailed presentation on the Reverse Mortgage Scheme and an interactive session with the bankers and the senior citizensIndividual Prize winners are being intimated separately. The prizes shall be awarded during the World Habitat Day celebrations in 2012. Details of the same would be intimated to the prize winners shortly.