The functions of National Housing Bank is mostly related to Housing Credit in Country. National Housing Bank (NHB), a wholly owned subsidiary of Reserve Bank of India (RBI), was set up by an Act of Parliament (National Housing Bank Act) in 1987. NHB is an apex financial institution for housing. It commenced its operations on 9th July 1988.
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. The general superintendence, direction and management of the affairs and business of NHB vest, under the Act, in a Board of Directors.
NHB is headed by a full time Chairman and Managing Director, supported by Executive Directors, Head of Departments and other Officers under them. A high powered Board of Directors comprising of Directors nominated by the Reserve Bank of India, top Government officials and eminent independent professionals guide the affairs of NHB. NHB’s Head Office is in New Delhi. It has a regional office in Mumbai and Representative offices in Hyderabad, Bengaluru, Chennai, Kolkata, Lucknow, Ahmedabad, Bhopal, Patna, Nagpur and Bhubaneswar.
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