National Housing Bank

National Housing Bank was established in 1988 as an autonomous housing finance institution, in response to the significant need for long-term finance in the housing sector. The institution was set up under the National Housing Bank Act, 1987, with the entire paid-up capital contributed by the Reserve Bank of India. However, in 2019, the regulatory powers, including the registration of Housing Finance Companies, were transferred from National Housing Bank to the Reserve Bank of India. The authorized capital of NHB currently stands at ₹1,450 crore, fully subscribed by the Government of India. The institution operates as the Apex level institution for housing with its headquarters based in New Delhi. NHB's establishment and subsequent regulatory transition demonstrate its pivotal role in the finance industry, particularly in the housing sector.