Question

National Housing Bank is a subsidiary of
A) State Bank of India B) Reserve Bank of India C) Bank of India D) World Bank

Answer 1

Answer:

Option b)

This is the answer.

Answer 2

Answer:

National Housing Bank (NHB), a Government of India owned entity,was set up on 9 July 1988 under the National Housing Bank Act, 1987. NHB is an apex financial institution for housing. NHB has been established with an objective to operate as a principal agency to promote housing finance institutions both at local and regional levels and to provide financial and other support incidental to such institutions and for matters connected therewith.The Finance Act,2019 has amended National Housing Bank Act,1987. The amendment confers the powers of regulation of housing finance companies to Reserve Bank of India.

National Housing Bank

Type

PublicIndustryBankingFounded9 July 1988HeadquartersNew Delhi, India

Key people

Sarada Kumar Hota

(Managing Director)ProductsLoans