National Housing Bank (NHB) was set up in the year :
A1984
B1985
C1988
D1991
Answer:
C. 1988
Read Explanation:
The National Housing Bank (NHB)
- It is a financial institution in India that was established to promote and regulate housing finance in the country.
- It was set up as a subsidiary of the Reserve Bank of India (RBI) in 1988 under the National Housing Bank Act, 1987.
- Its primary purpose is to provide financial and regulatory support to the housing finance sector in India.
- NHB regulates housing finance companies (HFCs) in India.
- It sets guidelines and standards for their operations to ensure transparency, prudence, and stability in the housing finance sector.