Government acquires National Housing Bank from RBI

  • On 1st May, 2019, Central government issued a notification confirming the takeover of the National Housing Bank (NHB) after buying entire stake from the Reserve Bank of India (RBI).
  • The central bank now holds 100 per cent stake in the NHB, the housing finance regulator, making it a fully government-owned entity.
  • The move is part of ending the cross-holding in regulatory institutions and follows the recommendations of Narasimham-II Committee Report of October 2001 and the RBI’s own discussion paper on the same, titled ‘Harmonising the Role and Operations of Development Financial Institutions and Banks’.
  • Earlier, the Central Bank owned 72.5 per cent ....
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