National Housing Bank : Parent company & headquarters - General Economics & Indian Economy
Q. Which of the following statements is / are correct?
1. National Housing Bank is subsidiary of State bank of India.
2. Its headquarter is in New Delhi.- Published on 10 Jul 15
a. Only 1
b. Only 2
c. Both 1 and 2
d. None of the above
ANSWER: Only 2
National Housing Bank is subsidiary of Reserve Bank of India (RBI), was set up on July 9, 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.