BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
National Housing Bank (NHB), is an apex financial institution for housing, having headquarters in-?
A
Mumbai
B
New Delhi
C
Bengaluru
D
Hyderabad
Explanation: 

Detailed explanation-1: -The Bank is an officer oriented, professionally managed institution with headquarters in Delhi and offices in Mumbai, Hyderabad, Bengaluru, Kolkata, Chennai, Ahmedabad and Lucknow with plans to open offices at Patna and Bhopal over the next few months.

Detailed explanation-2: -National Housing Bank (NHB) was set up by an Act of Parliament in 1987. NHB is an apex financial institution for housing.

Detailed explanation-3: -It was set up in July 1988 under the National Housing Bank Act, 1987 as the apex bank in the field of housing finance. It is a wholly-owned subsidiary of the Reserve Bank of India.

Detailed explanation-4: -NHB is wholly owned by Reserve Bank of India, which contributed the entire paid-up capital.

There is 1 question to complete.