In exercise of the powers conferred under Section 35B read with sub sections 1 and 2 of Section 29B of the National Housing Bank Act,

EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 1087] NEW DELHI, TUESDAY , DECEMBER 31, 2024 /PAUSHA 10, 194 6 CG-MH-E-31122024-259769 RESERVE BANK OF INDIA (Department of Regulation) (CENTRAL OFFICE ) NOTIFICATION Mumbai , the 19th December , 2024 Maintenance of a minimum percentage of liquid assets Notification No . DOR.FIN. 34/03.10.136/2024 -25.— In exercise of the powers conferred under Section 35B read with sub -sections (1) and (2) of Section 29B of the National Housing Bank Act, 1987 (53 of 1987) and in supersession of the Notification No. NHB.HFC.LA -2/MD&CEO/2019 dated 25th May 2019 , previously issued by National Housing Bank, the Reserve Bank being satisfied that it is necessary so to do, hereby declares that the provisions of sub -sections (1) and (2) of Section 29B of the said Act shall not apply to housing finance institution which is a company , subject to, however that— (A) Every housing finance institution which is a company, accepting public deposits shall (1) invest and continue to invest in India in unencumbered approved securities, valued at a price not exceeding the current market price of such securities, an amount which, at the close of business on any day, shall not be less than the following per cent of the public deposits outstanding a t the close of business on the last working day of the second preceding quarter : (i) on and from January 01, 2025 eight per cent (ii) on and from July 01, 2025 ten per cent (2) maintain in India in an account with any scheduled bank in term deposits or certificate of deposits (free of charge or lien) or in deposits with the National Housing Bank or by way of subscription to the bonds issued by the National Housing Bank, or partly in such an account or in such deposit or partly by way of such subscription, a sum which, at the close of business on any day, together with the investment made under clause (1) , shall not be less tha n the following per cent of the public deposits outstanding at the close of business on the last working day of the sec ond preceding quarter : (i) on and from January 01, 2025 fourteen per cent (ii) on and from July 01, 2025 fifteen per cent (B) All other provisions of Section 29B shall mutatis mutandis be applicable to the above requirement as if the expression “public deposit” is the same as the expression “deposit” as contemplated under the said section . Explanation: “Public deposit” shall have the same meaning as assigned under paragraph 4.1.30 of the Master Direction – Non- Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 , as amended from time to time. J. P. SHARMA , Chief General Manager [ADVT. -III/4/Exty ./855/2024 -25] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.