Discussion
The National Housing Bank (NHB) was set up in India as a wholly-owned subsidiary of
Answer: A
Correct answer: Reserve Bank of India
The National Housing Bank began operations in July 1988 as a wholly-owned subsidiary of the Reserve Bank, established under the National Housing Bank Act 1987.
Its functions were regulation of housing finance companies and refinance for them. Both halves have since changed: regulatory powers over housing finance companies passed to the Reserve Bank in 2019, and the RBI's shareholding was transferred to the Government in the same year - the same divestment logic that had already moved its holdings in SBI and NABARD.
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