BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which Bank has decided to increase the Refinance Limit from Rs.24, 000 crore to Rs.30, 000 crore for the Current Year (July 2018-June 2019) towards refinancing eligible institutions?
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India Post Payments Bank
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State Bank of India
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National Housing Bank
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Export-Import Bank of India
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Explanation:
Detailed explanation-1: -The institutions provide finance to individual borrowers, builders, corporate houses etc. for purchase/construction of houses and for repair / upgradation of existing house. With the objective of providing long-term funds to these institutions, NHB extends refinance in respect of the loans extended by them.
Detailed explanation-2: -The National Housing Bank (NHB) offers refinance assistance to Housing Finance Companies (HFCs) in respect of their loans given to individuals for housing.
There is 1 question to complete.