Housing finance companies get Rs 10,000-crore liquidity infusion

Finance Minister Nirmala Sitharaman will meet heads of state-owned and private banks on Monday to discuss the ongoing liquidity crisis in NBFCs

The National Housing Bank (NHB) has decided to infuse an additional Rs 10,000 crore into housing finance companies (HFCs) to improve liquidity in the sector. The move would enable the companies to provide individual loans for affordable housing, said the finance ministry on Friday.

Also, Finance Minister Nirmala Sitharaman will meet heads of state-owned and private banks on Monday to discuss the ongoing liquidity crisis in non-banking financial companies and slowdown in sectors such as automobile. Credit to priority sectors as well as small and medium industries will be discussed to find ways to accelerate economic growth.

The finance ministry