National Housing Bank started operations in July 1988

Q.  When did the National Housing Bank start its operations?
- Published on 19 Oct 15

a. July, 1982
b. July, 1988
c. April, 1980
d. March, 1971

ANSWER: July, 1988
 
The National Housing Bank, the apex institution of housing finance in India, is a wholly-owned subsidiary of RBI. It started operating from July, 1988 with an authorised paid-up capital of RS. 450 crore.

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