Thursday, Mar 31, 2005
Thursday, Mar 31, 2005 |
| Business | ||||
|
News:
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
Advts: Classifieds | Employment | Obituary | Business
By Our Special Correspondent
NEW DELHI, MARCH 30. The National Housing Bank (NHB), the wholly-owned housing finance affiliate of the Reserve Bank of India, has decided to extend guarantee to the principal amount and interest in respect of residential mortgage-backed securities (RMBS). The securities, launched here on Tuesday, are for housing loans totalling Rs. 99.34 crores provided by BHW Birla Home Finance Ltd. (BBHFL), the India subsidiary of BHW Holdings AG of Germany. The NHB, however, is to stand guarantee for only Rs 94.28 crores as the subordinate issue of Rs 5.06 crores is to be bought back by BBHFL. "So far, RMBS involved credit enhancement by the originator. We thought it fit to supplement credit enhancement by our bank,'' the NHB Chairman and Managing Director, P.K. Gupta, said at the launch function.
Printer friendly
page
News:
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu
|
