 | |
| Company type | Regulatory Body |
|---|---|
| Industry | Housing Finance Companies |
| Founded | 9 July 1988 |
| Headquarters | New Delhi, India[1] |
Key people | Sarada Kumar Hota (Managing Director)[2] |
| Owner | Ministry of Finance , Government of India |
Number of employees | 450+ |
| Website | www.nhb.org.in |
National Housing Bank (NHB), is the apex regulatory body for overall regulation and licensing of housing finance companies in India. It is under the jurisdiction of Ministry of Finance , Government of India.[3][4] It was set up on 9 July 1988 under the National Housing Bank Act, 1987. NHB is the 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 the National Housing Bank Act, 1987. The amendment confers the powers of regulation of Housing Finance Companies (HFCs) to the Reserve Bank of India.
NHB registers and supervises Housing Finance Companies (HFCs), keeps surveillance through On-site & Off-site Mechanisms and co-ordinates with other Regulators.
- ^ http://nhb.org.in/AboutUs/about_us.php#org [bare URL]
- ^ "sarada-kumar-hota-appointed-national-housing-bank-md". thehindubusinessline. Retrieved 28 June 2019.
- ^ "RBI sells entire stake in NHB, Nabard to govt. for ₹ 1,470 cr. in total". thehindu. Retrieved 25 April 2019.
- ^ "RBI divests entire stake in NHB, NABARD". thehindubusinessline. Retrieved 25 April 2019.
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