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When did the National Housing Bank start its operations?
July, 1982
July, 1988
April, 1980
March, 1971
he 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
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