National Housing Bank Raises Refinance Limit To Rs 30,000 Crore

INSUBCONTINENT EXCLUSIVE:
National Housing Bank had initially set a limit of Rs 24,000 crore (Representational image)National Housing Bank will raise its refinance
limit to Rs 30,000 crore ($4.05 billion) for the year to June, 2019 in an effort to make funds available to housing finance companies, the
finance ministry said on Monday.The financial institution, which regulates mortgage finance companies, had initially set a limit of Rs
24,000 crore.The revision in the refinance limit comes on the back of rising contagion fears after ILFS, a major infrastructure financing