When was National Housing Bank established?
Q. When did the National Housing Bank start its operations?- Published on 07 Feb 17a. 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 9th July, 1988 with an authorized paid-up capital of RS. 450 crore.
It was set up under the National Housing Bank Act, 1987.
NHB registers, regulates and supervises Housing Finance Company (HFCs), keeps surveillance through On-site & Off-site Mechanisms and co-ordinates with other Regulators.
NHB – National Housing Bank
Founded - July 9, 1988
Headquarters - New Delhi, India
Current Head - Shri Sriram Kalyanaraman (MD & CEO)
