NHB to Request Govt for Rs 5,000 Crore Tax Free Bonds

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The National Housing Bank, the regulator for housing finance companies, is planning to request government to grant permission for issuance of tax-free bonds worth . 5,000 crore in the next fiscal. "We would be requesting for at least . 5,000 crore for the next fiscal," National Housing Bank (NHB) CMD RV Verma told PTI. NHB is in the process of preparing budget demands for the next fiscal and will shortly submit its demands, he said. In the last two years, a number of institutions were allowed to issue tax-free bonds. They raised . 30,000 crore in 2011-12 and permitted to raise about . 25,000 crore in 2012-13. During the current fiscal, the government allowed some institutions to issue tax-free bonds up to a total sum of . 50,000 crore.

 

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