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Old 22nd January 2018, 11:06 AM
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Default History Of National Housing Bank

I shifted to Bengaluru, Karnataka and came to know about the National Housing Bank (NHB) want to know more about this company. Will you provide me history and objectives of National Housing Bank (NHB) and also provide list of key members available in company?
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  #2  
Old 22nd January 2018, 11:07 AM
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Default Re: History Of National Housing Bank

National Housing Bank (NHB), a wholly owned subsidiary of Reserve Bank of India (RBI), was set up on 9 July 1988 under the National Housing Bank Act, 1987

NHB has been established to achieve, inter-Alia, the following objectives

To promote a sound, healthy, viable and cost effective housing finance system to cater to all segments of the population and to integrate the housing finance system with the overall financial system.
To promote a network of dedicated housing finance institutions to adequately serve various regions and different income groups.
To augment resources for the sector and channelise them for housing.
To make housing credit more affordable.
To regulate the activities of housing finance companies based on regulatory and supervisory authority derived under the Act.
To encourage augmentation of supply of buildable land and also building materials for housing and to upgrade the housing stock in the country.
To encourage public agencies to emerge as facilitators and suppliers of serviced land, for housing.

Some key members:


Shri Sriram Kalyanaraman, Managing Director & Chief Executive Officer

N.S Vishwanathan, Dy.RBI Governor, Reserve Bank of India (under Section 6(1) (d) of the National Housing Bank Act, 1987)

Shri G.M. Rao Director, Central Board of Directors, Reserve Bank of India (under Section 6(1) (d) of the National Housing Bank Act, 1987)

Shri Alok Tandon, IAS, Joint Secretary to the Government of India, Ministry of Finance (under Section 6(1) (e) of the National Housing Bank Act, 1987)

Contact:

National Housing Bank  
Bank in India
#2, F- Block, II Floor , CBAB Complex, Cauvery Bhawan
K.G. Road, Bengaluru, Karnataka 560009
Phone: 095915 83208
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