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RBI pumps fresh equity in NHB

By Our Special Correspondent

NEW DELHI FEB. 11. The Reserve Bank of India has decided to subscribe an additional Rs. 100 crores to the equity of the National Housing Bank (NHB), a wholly owned subsidiary of the RBI. At present, the paid-up capital of NHB is Rs. 350 crores entirely contributed by the RBI that will now stand increased to Rs. 450 crores. With this increase of Rs. 100 crores, the net worth of NHB will go up to Rs. 1,216.15 crores that will enable the bank to leverage its borrowings from the market and extend larger assistance to retail lending institutions.

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