NHB exposure in Dewan Housing Finance at ₹2,435 crore
NHB's exposure in DHFL and PMC Bank stood at ₹2,435 crore and ₹175 crore, respectivelyNHB made 15% provisoning in the 2018-19 fiscal as a prudent measure, though DHFL was a standard account as on June
Kolkata: National Housing Bank (NHB), the principal agency that promotes housing finance institutions in India, has an exposure of ₹2,435 crore in crisis-hit DHFL as on March 2019, a rating agency said.
"NHB's exposure in Dewan Housing Finance Ltd (DHFL) and Punjab & Maharashtra Cooperative Bank (PMC) stood at ₹2,435 crore and ₹175 crore, respectively, at end-March 2019... both of which were standard accounts as on end-June," India Ratings said in a note on Wednesday.
The bank's asset quality was significantly robust despite the concentration of HFCs and commercial banks in its loan portfolio, it said.
NHB made 15% provisoning in the 2018-19 fiscal as a prudent measure, though DHFL was a standard account as on June, the note said.
There was a further recovery of ₹42 lakh during FY19 and no fresh slippages, the rating agency said.
National Housing Bank's gross NPA ratio was flat at 0.01% in FY19 as compared to the previous fiscal.
It also increased provisioning on standard assets to ₹4,044 million in the last fiscal (FY18 was ₹269 million), which lowered the return on average total assets to 1.06%.
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