GENERAL KNOWLEDGE

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. 3. Does NHB deal directly with public?

Detailed explanation-2: -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.