Current Affairs - Banking - Discussion
Discussion Forum : Banking - Latest Current Affairs (Q.No. 1716)
1716.
This bank increased the Refinance limit from Rs24,000cr to Rs 30,000cr.
Answer: Option
Explanation:
National Housing Bank announced increase of the Refinance limit to Rs.30,000 crore from the previous Rs. 24,000. With this eligible Housing Finance Companies & Other entities will have increased availability of funds. The initial sanctioned limit was set to Rs. 24,000 crore for the current year (July 2018-June 2019) to refinance and credit Housing Finance Companies & other Institutions. Till date, Rs.8835 crore has been sanctioned.
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