Infusion of capital for the Housing Bank
Budget Speech para. 279: "We will initiate action to amalgamate the HDFC Bank and State Mortgage and Investment Bank (SMIB) to create Housing Bank and I propose to allocate Rs. 7,500 million for capital infusion.
- Allocation (Rs. Mn) : 7,500
- Sector : Banking & Finance
- Ministry / Government Institution : Ministry of Public Enterprise Development
Openness Tracker Uncooperative
Information received from RTIs showed that the project was cancelled. The reason for the cancellation was also provided.
Progress Tracker Broken
The proposal was not implemented in 2017 due to funds being reallocated for weather related emergencies.
Sources of Information