In a strategic move to fulfill burgeoning loan demands, India’s National Housing Bank is set to raise a substantial sum of one hundred ten billion rupees by the end of the fiscal year in March 2009. Chairman and Managing Director S. Sridhar announced that from this considerable amount, around thirty billion rupees will be collected through the issuance of zero coupon bonds, while an additional ten billion rupees will be sourced from retail deposits. Furthermore, the housing finance regulator has revealed plans to establish a mortgage guarantee company within the next four months, in which it will hold a majority stake as the single largest shareholder.