Kolkata: National Housing Bank (NHB), the principal agency that promotes housing finance institutions in India, has an exposure of ₹2,435 crore in crisis-hit DHFL as on March 2019, a rating agency said. "NHB's exposure in Dewan Housing Finance Ltd (DHFL) and Punjab & Maharashtra Cooperative Bank (PMC) stood at ₹2,435 crore and ₹175 crore, respectively, at end-March 2019... both of which were standard accounts as on end-June," India Ratings said in a note on Wednesday. NHB made 15% provisoning in the 2018-19 fiscal as a prudent measure, though DHFL was a standard account as on June, the note said. There was a further recovery of ₹42 lakh during FY19 and no fresh slippages, the rating agency said. National Housing Bank's gross NPA ratio was flat at 0.01% in FY19 as compared to the previous fiscal.

Source: Mint October 09, 2019 13:52 UTC