Explanation:

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