okf"kZd fjiksVZ 2013&14 okf"kZd fjiksVZ 2013&14 jk"Vªh; vkokl cSad 01 ANNUAL REPORT 2013-14 Annual Report 2013-14 National Housing Bank 125 ANNUAL REPORT 2013-14 List of Items Pg. No. Chapter I: 134 I.1 About National Housing Bank (NHB) 134 I.2 Governance Structure of The Bank 136 I.3 Board of Directors 138 Chapter II: Current Macro and Micro Economic Condition and 141 Status of Indian Economy II.1 Global Economy Outlook 141 II.2 Indian Economy 143 Chapter III: NHB Operations 147 III.1 NHB Highlights 2013-14 147 III.2 Resource Mobilization 156 III.2.a Main Avenues of Resource Raising 157 III.3 Deployment of Funds 159 III.3.a Refinance Disbursements 159 III.3.b Tenure-wise break-up of Bank’s Refinance Disbursements 162 during the year 2013-14 III.3.c Disbursements in respect of Housing Loans in Rural and 163 Urban Areas III.3. d Rural Housing Fund (RHF) 164 III.3. e Refinance for Energy Efficient Housing 165 III.3. f New Refinance Schemes Launched 165 III.4 Sanctions and Disbursements through Direct Finance 167 III.4 a. Project Finance and Technology Promotion 168 III.4.b. Housing Micro Finance Programme 168 III.4.c. Cumulative Performance (Excluding project refinance) 168 III.4.d UN-Habitat WATSAN program 169 III.4.e. External Commercial Borrowings for Affordable Housing 169 Projects. III.5 Regulation and Supervision 171 III.5.a. Registration/ Cancellation of Certificate of Registration 171 granted to HFCs III.5.b Supervision of HFCs 172 III.5.c. Grievance Registration and Information Database System 172 (GRIDS) III.5.d. Notifications, Circulars, and Caution Advices Issued 173 III.5.e. Co-ordination with Other Regulatory Authorities 177 III.5.f. Other activities 177 126 ANNUAL REPORT 2013-14 Pg. No. III.6 Promotion and Development 178 III.6.a. Interest Subsidy Scheme for Housing the Urban Poor 178 (ISHUP) III.6.b. 1% Interest Subvention Scheme 179 III.6.c. Rajiv RinnYojana 179 III.6.d. NHB-RESIDEX-The Residential Property Price Index 180 III.6.e. Credit Risk Guarantee Fund Trust for Low Income Housing 183 (CRGFTLIH) III.6.f. Capital Subsidy Scheme for Installation of Solar Water 184 Heating and Solar Lighting Systems in Homes III.6.g. Golden Jubilee Rural Housing Finance Scheme (GJRHFS) 185 III.6.h RML and RMLA 187 III.6.i Residential Mortgage Backed Securitization 187 III.6.j Equity Participation 188 III.7 Information Technology 190 III.7.a. Major Activities and Projects 190 III.7.b. New Initiatives 191 III.7.c IT Committee 192 III.8 Human Resource 192 III.8.a Recruitment, Promotions and Retirement/Resignations 192 III.8.b. Training and Development 193 III.8.c. Schemes & Policies introduced/ revised during the year 193. III.9 Risk Management And Internal Controls 193 III.10 Rajbhasha 194 III.11 Knowledge Center 196 III.12 Corporate Communication 196 III.13 Capacity Building 197 III.14 Role of RO and RROs 199 III.15 Corporate Governance 199 Chapter IV : Future Outlook 201 IV.1 Looking Ahead Chapter V: Annual Accounts 206 Abbreviations 205 127 ANNUAL REPORT 2013-14 Tables Table 1 Financial Highlights Table 2 Profitability 2013-14 Table 3 Share Capital of NHB Table 4 Total borrowing outstanding of NHB during 2013-14 Table 5 Position of RHF mobilized year-wise Table 6 Position of UHF mobilized year-wise Table 7 Institution-wise break-up of NHB's Refinance disbursements in the year 2013-14 Table 8 The break-up of the disbursements made to different categories of institutions under different schemes during 2013-14 Table 9 Loan Size-wise Break-up of Disbursements during 2013-14 Table 10 Tenure-wise Break-up of Refinance Disbursements during 2013-14 Table 11 Disbursements in respect of Housing Loans in Rural and Urban Areas Table 12 Performance under Rural Housing Schemes Table 13 Rural Housing Fund (RHF) Table 14 Refinance under Energy Efficient Housing Scheme Table 15 Urban Housing Fund (UHF) Table 16 Cumulative refinance disbursements upto 2013-14 Table 17 Trend of Refinance Disbursements Table 18 Trend of NHB's Project Finance Disbursements Table 19 Progress made under ISHUP through NHB Table 20 Performance under 1% Interest Subvention Scheme Table 21 NHB RESIDEX - Price Movement for the quarter April-June, 2014 (26 Cities) Table 22 Details of guarantee issued under Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH) Table 23 Performance under GJRHFS for the year 2013-14 Table 24 Cumulative performance under GJRHFS since inception Table 25 NHB's Training Calendar 2013-14 128 ANNUAL REPORT 2013-14 Graphs Graph G.1 Changes in Real GDP at market prices Graph G.2 World Economic Outlook Projections Graph G.3 Borrowing Outstanding as on 30th June 2014 Graph G.4 Institution-wise break-up of NHB’s Refinance Disbursement during 2013-14 Graph G.5 NHB’s disbursements made to different categories of institutions under different schemes during 2013-14 Graph G.6 Loan size-wise break-up of Disbursements Graph G.7 Tenure-wise break-up of Bank’s Refinance Disbursements during 2013-14 Graph G.8 Break-up of annual Refinance Disbursements into Rural and Urban Areas Graph G.9 RHF Utilization amongst various PLIs Graph G.10 RHF Allocation vs Utilization Graph G.11 Trend of Refinance from 1999-2000 to 2013-14 Graph G.12 Cumulative performance under GJRHFS 129 ANNUAL REPORT 2013-14 Box Items Box 1 Announcements related to Housing Sector in the Union Budget 2014-15 Box 2 Excerpts from the Economic Survey 2014-15 Box 3 Launch of the Report on the State of Low Income Housing Market in India by Monitor Delloite Group Box 4 Report on -"Scaling Up Housing Microfinance" by National Housing Bank in collaboration with IFMR Capital and DFID, UK. 130 ANNUAL REPORT 2013-14 Ekks- eqLrQ+k v/;{k ,oa izcU/k funs’kd Mohammad Mustafa Chairman & Managing Director Letter of Transmittal No. NHB (ND)/ CMD / 15474 /2014-15 October 31, 2014 The Secretary Government of India Ministry of Finance Department of Economic Affairs North Block, New Delhi- 110001 Dear Sir, In accordance with the provision of sub-section (5) of Section 40 of the National Housing Bank (Amendment) Act, 2000, I forward herewith a copy of Annual Accounts of the National Housing Bank for the year 2013-14.The printed bilingual copies of the Annual Report will be submitted shortly. Yours faithfully, (Mohammad Mustafa) Encl.: As above Hkkjrh; fjtoZ cSad dksj 5&, bafM;k gSfcVsV lsaVj] yks/kh jksM+] ubZ fnYyh&110003 ds laiw.kZ LokfeRo esa nwjHkk"k ¼lh½ 011&2464 2722 ¼ihch,Dl½ 011&2464 9031&35 QSDl % 011&2464 9030 rkj % fuokl cSad bZ&esy % [email protected] Wholly owned by 5th Floor, Core 5-A, India Habitat Centre, Lodhi Road, New Delhi-110003 Reserve Bank of India Phone: (D) 011-2464 2722 (PBX) 011-2464 9031-35 Fax : 011-2464 9030 Gram : NIWAS Bank email : [email protected] ÞcSad fgUnh esa i=kpkj dk Lokxr djrk gSß 131 ANNUAL REPORT 2013-14 Ekks- eqLrQ+k v/;{k ,oa izcU/k funs’kd Mohammad Mustafa Chairman & Managing Director Letter of Transmittal No. NHB (ND)/ CMD / 15473 /2014-15 October 31, 2014 The Secretary Government of India Ministry of Finance Department of Financial Services Jeevan Deep Building, Parliament Street New Delhi- 110001 Dear Sir, In accordance with the provision of sub-section (5) of Section 40 of the National Housing Bank (Amendment) Act, 2000, I forward herewith a copy of Annual Accounts of the National Housing Bank for the year 2013-14.The printed bilingual copies of the Annual Report will be submitted shortly. Yours faithfully, (Mohammad Mustafa) Encl.: As above Hkkjrh; fjtoZ cSad dksj 5&, bafM;k gSfcVsV lsaVj] yks/kh jksM+] ubZ fnYyh&110003 ds laiw.kZ LokfeRo esa nwjHkk"k ¼lh½ 011&2464 2722 ¼ihch,Dl½ 011&2464 9031&35 QSDl % 011&2464 9030 rkj % fuokl cSad bZ&esy % [email protected] Wholly owned by 5th Floor, Core 5-A, India Habitat Centre, Lodhi Road, New Delhi-110003 Reserve Bank of India Phone: (D) 011-2464 2722 (PBX) 011-2464 9031-35 Fax : 011-2464 9030 Gram : NIWAS Bank email : [email protected] ÞcSad fgUnh esa i=kpkj dk Lokxr djrk gSß 132 ANNUAL REPORT 2013-14 Ekks- eqLrQ+k v/;{k ,oa izcU/k funs’kd Mohammad Mustafa Chairman & Managing Director Letter of Transmittal No. NHB (ND)/ CMD / 15475 /2014-15 October 31, 2014 The Governor Reserve Bank of India Central Office Building 18th Floor, Shahid Bhagat Singh Road Mumbai-400023 Dear Sir, In accordance with the provision of sub-section (5) of Section 40 of the National Housing Bank (Amendment) Act, 2000, I forward herewith a copy of Annual Accounts of the National Housing Bank for the year 2013-14.The printed bilingual copies of the Annual Report will be submitted shortly. Yours faithfully, (Mohammad Mustafa) Encl.: As above Hkkjrh; fjtoZ cSad dksj 5&, bafM;k gSfcVsV lsaVj] yks/kh jksM+] ubZ fnYyh&110003 ds laiw.kZ LokfeRo esa nwjHkk"k ¼lh½ 011&2464 2722 ¼ihch,Dl½ 011&2464 9031&35 QSDl % 011&2464 9030 rkj % fuokl cSad bZ&esy % [email protected] Wholly owned by 5th Floor, Core 5-A, India Habitat Centre, Lodhi Road, New Delhi-110003 Reserve Bank of India Phone: (D) 011-2464 2722 (PBX) 011-2464 9031-35 Fax : 011-2464 9030 Gram : NIWAS Bank email : [email protected] ÞcSad fgUnh esa i=kpkj dk Lokxr djrk gSß 133 ANNUAL REPORT 2013-14 Chapter I I.1 ABOUT NATIONAL HOUSING BANK (NHB) NHB was established under an Act of Parliament viz, NHB Act in 1988 to operate as a principal agency to promote housing finance institutions and to provide financial and other support to such institutions.