Role of national housing bank , policy framework
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The National Housing Bank (NHB) is an apex level financial institution catering to the housing sector in the country. It was established on July 9, 1988. It is a wholly owned subsidiary of Reserve Bank of India (RBI), was set up by an Act of Parliament in 1987.
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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.
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