Board Resolution for a Scheduled Bank to Borrow from the National Housing Bank (India)
Updated 7 July 2026
This document is a formal board resolution template for a scheduled bank to authorize borrowing or refinancing from the National Housing Bank (NHB). It outlines the delegation of authority to specific officers for executing promissory notes, agreements, and other necessary legal documentation required for the loan.
DRAFT FORMAT OF RESOLUTION TO BE PASSED BY THE BOARD OF THE BORROWING SCHEDULED BANK
(which has taken refinance earlier)
1. Resolved that the _______________________________________________________*do borrow from the National Housing Bank [hereinafter referred to as "the Housing Bank"] by way of refinance or otherwise for the purpose of housing loans extended / to be extended by it, from time to time, a sum of Rs.....................
2. RESOLVED FURTHER THAT the power to borrow from the Housing Bank for the aforesaid purpose be and is hereby delegated to the following officers severally, namely:
I. .___________________________________[Name & Designation]
II. .___________________________________[Name & Designation]
III. .___________________________________[Name & Designation]
3. RESOLVED FURTHER THAT the aforesaid Officers be and are hereby authorised severally to convey acceptance of the terms and conditions of the said borrowings from NHB on behalf of the Bank and to execute in favour of the Housing Bank, promissory notes, agreements, declarations and such other documents including statements and returns as may be required by the Housing Bank in connection with the said borrowings and generally to do or cause to be done such other acts, deeds and things as may be required by the Housing Bank in connection with the said borrowings.
* Name of the bank
About this template
What is this template?
Board Resolution for a Scheduled Bank to Borrow from the National Housing Bank (India) is a free, ready-to-use Banking and finance template you can open, customize, and download on GitLaw. It gives you a professionally structured starting point, so you never have to draft from a blank page. The wording is plain and modern, organized into clear sections that are easy to read, edit, and adapt to your own situation before you share or sign it.
When should you use it?
Reach for this Banking and finance template whenever you need a reliable agreement quickly and want to be sure the essentials are covered. It suits individuals, freelancers, startups, and established businesses alike. Instead of paying for a document drafted from scratch, you can start here, tailor the details to your arrangement, and have a polished draft ready in minutes. This version is drafted with India in mind, though you should always review the final wording against the laws that apply to you.
What's typically included?
A well-drafted Banking and finance usually sets out the parties involved, the scope of the agreement, and each side's rights and responsibilities. Expect sections covering key terms and definitions, how long the agreement lasts, how it can be ended, and what happens if something goes wrong. This template brings those building blocks together in a sensible order, so you can focus on the specifics rather than worrying about what to include. Open it to read the full document, then sign up to edit, negotiate, and e-sign it directly in GitLaw.