BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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K. R. Puri
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Dr. Minoan Singh
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C. Rangarajan
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None of the Above
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Detailed explanation-1: -The Committee of Secretaries considered’ the recommendation and set up the High Level Group under the Chairmanship of Dr. C. Rangarajan, the then Deputy Governor, RBI to examine the proposal and recommended the setting up of National Housing Bank as an autonomous housing finance institution.
Detailed explanation-2: -NHB is the apex financial institution for housing. NHB has been established with an objective to operate as a principal agency to promote housing finance institutions both at local and regional levels and to provide financial and other support incidental to such institutions and for matters connected therewith.
Detailed explanation-3: -Objectives of NHB Create a network of housing finance agencies and keep a check on their activities. Management of required resources for the network and investing them in the housing sector. Promotion of affordable housing credit. Gather more and more public institutions that can work as suppliers for serviced land.
Detailed explanation-4: -15/02/2023new Shri Sarada Kumar Hota has been appointed as the Managing Director of National Housing Bank (NHB) w.e.f. June 27, 2019.