National Housing Bank (NHB), a wholly owned subsidiary of Reserve Bank of India (RBI).

NHB is an apex financial institution for housing.

NHB has been established with an objective to operate as a principal agency to promote housing finance institutions both at local and regional levels and to provide financial and other support incidental to such institutions and for matters connected therewith.

Role and Functions-

The National Housing Bank has the following functions:

To promote and develop specialised housing finance institutions for mobilising resources and extending credit for housing

To provide guarantee and underwriting facilities to housing finance institutions

To formulate schemes for mobilisation of resources and extension of credit for housing, especially catering to the needs of economically weaker sections of society

To provide refinance facilities to housing finance institutions and scheduled banks

To provide guidelines to housing finance institutions to ensure their healthy growth

To co-ordinate the working of all agencies connected with housing

According to the National Housing Bank Act, the NHB is empowered to raise funds through-

the issue of bonds and debentures

borrowings from the Central Government and other institutions approved by the Central Government

acceptance of deposits of long-term duration

short-term accommodation from the Reserve Bank

long-term loans out of the National Credit (Long-Term Operations) Fund to be established by the RBI for supporting the business of NHB

borrowings in foreign currency from banks or financial institutions in India or abroad.

Contact-

National Housing Bank,
Core 5-A, India Habitat Centre, Lodhi Road,
New Delhi-110003, (PBX) 011-2464 9031-35,
Fax : 011-2464 9030,
E-mail: ho@nhb.org.in