National Housing Bank (NHB)

  • In a regulatory filing, LIC recently said the board has cleared the proposal to invest in a new company, promoted by the NHB, for residential mortgage-backed securities.
  • NHB is an All-India Financial Institution (AIFl) established under the National Housing Bank Act, 1987. It is wholly owned by the Government of India.
  • It aims operate as a principal agency to promote housing finance institutions both at local and regional levels and to provide financial and other support to such institutions.
  • The main functions of NHB include supervision and grievance redressal regarding Housing Finance Companies (HFCs).
  • The general superintendence, direction, and management ....
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