National Housing Bank
National Housing Bank (NHB) was set up on July 9, 1988 under the National Housing Bank Act, 1987.The Head Office of NHB is at New Delhi. NHB is wholly owned by Reserve Bank of India with other subsidiaries of RBI being Bharatiya Reserve Bank Note Mudran Private Ltd., DICGC, and NABARD.
Mission of NHB:-
To promote housing finance institutions both at local and regional levels with the focus on low and moderate income housing.
NHB has been established with the following objectives:-
- To act as an apex institution for housing finance companies (apex means the central institution like RBI for all the banks and financial institutions).
- To promote a network of dedicated housing finance institutions to adequately serve various regions and different income groups.
- To provide a cost effective housing finance system to all the sections of society.
- To upgrade housing stock in the country, provide building materials for housing and supply of buildable land.
- To encourage public companies to provide serviced land for housing.
Board of directors:-
- 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)
- Smt. Vijaya Srivastava, IAS, Joint Secretary to the Government of India,Ministry of Rural Development (under Section 6(1) (e) of the National Housing Bank Act, 1987))
- Shri Sanjeev Kumar, IAS, Joint Secretary (RAY) to Government of India & Mission Director (JNNURM), Ministry of Housing and Urban Poverty Alleviation (under Section 6(1) (e) of the National Housing Bank Act