BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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RBI
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SEBI
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SBI
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None of the Above
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Detailed explanation-1: -National Housing Bank is a statutory organization set up on July 9, 1988 under the National Housing Bank Act, 1987. NHB is wholly owned by Reserve Bank of India, which contributed the entire paid-up capital.
Detailed explanation-2: -The correct answer is National Housing Bank. National Housing Bank is a subsidiary of RBI.
Detailed explanation-3: -Indira Gandhi on 05 November 1982. Set up with an initial capital of Rs.100 crore, its’ paid up capital stood at Rs.17, 080 crore as on 31 March 2022. Consequent to the revision in the composition of share capital between Government of India and RBI, NABARD today is fully owned by Government of India.
Detailed explanation-4: -The National Housing Bank was set up in India as a wholly-owned subsidiary of Reserve Bank of India(RBI).
Detailed explanation-5: -The National Housing Bank, the apex institution of housing finance in India, was set up as a wholly owned subsidiary of the RBI. 2.