BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following institutions is involved mainly in granting Housing Loans?
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RBI
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SBI
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HDFC
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ICICI
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Explanation:
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: -Insurance companies, banks, housing finance companies, cooperative institutions are the main sources for finance for the housing sector.
Detailed explanation-3: -(i) Supervision and grievance redressal regarding Housing Finance Companies (HFCs). (iii) Promotion and Development. It is to be noted that NHB supervises HFCs while regulation of HFCs is with RBI.
There is 1 question to complete.