National Housing Bank (NHB) has decided to increase the Refinance Limit from.....to Rs. 30, 000 crore for the Current Year (July 2018-June 2019).

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

National Housing Bank (NHB) has decided to increase the Refinance Limit from____to Rs. 30, 000 crore for the Current Year (July 2018-June 2019).

A	Rs. 25, 000 crore
B	Rs. 24, 000 crore
C	Rs. 28, 000 crore
D	Rs. 20, 000 crore

Explanation:

Detailed explanation-1: -The National Housing Bank (NHB) offers refinance assistance to Primary Lending. Institutions (PLIs) in respect of their housing loans to individuals, and also for their loans to other institutions for housing finance and construction finance for affordable housing.

Detailed explanation-2: -NHB is an apex financial institution for housing. The broad functions of NHB as a part of its objective of building a strong, healthy, cost-effective, and viable Housing Finance System include: (i) Supervision and grievance redressal regarding Housing Finance Companies (HFCs). (iii) Promotion and Development.

Detailed explanation-3: -In pursuance of the above, NHB was set up on July 9, 1988 under the National Housing Bank Act, 1987.

Detailed explanation-4: -The Reserve Bank of India (RBI), therefore, proposed to take over the regulation of Housing Finance Companies (HFCs) by amending the National Banking Act from the National Housing Bank (NHB). The NHB had been set up as an apex institution to regulate housing finance in 1988.

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