The proposed merger between Aadhar Housing Finance and DHFL Vysya Housing Finance has hit the final lap with it got the nod from housing finance regulator National Housing Bank (NHB). NHB was set up on

BANKING GENERAL KNOWLEDGE

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

A	09th July 1982
B	09th July 1992
C	09th July 1999
D	09th July 1988

Explanation:

Detailed explanation-1: -KOLKATA: The proposed merger between Aadhar Housing Finance and DHFL Vysya Housing Finance has hit the final lap with it getting the nod from housing finance regulator National Housing Bank.

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: -The National Housing Bank (NHB) offers refinance assistance to Housing Finance Companies (HFCs) in respect of their loans given to individuals for housing.

Detailed explanation-4: -Rishi Anand-MD & CEO-Aadhar Housing Finance Ltd.

Detailed explanation-5: -Aadhar housing finance ltd (Aadhar), formerly known as DHFL Vysya Housing Finance Ltd, is one of the largest affordable housing finance companies in India servicing the home financing needs of the low income sections of the society. Aadhar endeavours to empower underserved millions to own their first homes.

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