public industry banking ceo sriram kalyanaraman founded 9 july 1988 1988 07 09 headquarters new delhi india 1 products loans website www.nhb.org.in national housing bank nhb a wholly owned subsidiary of reserve bank of india rbi was set up on 9 july 1988 under the national housing bank act 1987 . nhb is an apex financial institution for housing . nhb has been established with an objective to operate as a principal agency to promote housing finance institutions both at local and regional levels and to provide financial and other support incidental to such institutions and for matters connected therewith . nhb registers regulates and supervises housing finance company hfcs keeps surveillance through on site & off site mechanisms and co ordinates with other regulators . contents 1 genesis 2 preamble 3 vision 4 mission 5 objectives 6 board of directors 7 notes 8 external links genesis edit the sub group on housing finance for the seventh five year plan 1985 90 identified the non availability of long term finance to individual households on any significant scale as a major lacuna impeding progress of the housing sector and recommended the setting up of a national level institution . the committee of secretaries considered the recommendation and set up the high level group under the chairmanship of dr. c. rangarajan the then deputy governor rbi to examine the proposal and recommended the setting up of national housing bank as an autonomous housing finance institution . the recommendations of the high level group were accepted by the government of india . the hon ble prime minister of india while presenting the union budget for 1987 88 on 28 february 1987 announced the decision to establish the national housing bank nhb as an apex level institution for housing finance . following that the national housing bank bill 91 of 1987 providing the legislative framework for the establishment of nhb was passed by parliament in the winter session of 1987 and with the assent of the hon ble president of india on 23 december 1987 became an act of parliament . the national housing policy 1988 envisaged the setting up of nhb as the apex level institution for housing . in pursuance of the above nhb was set up on 9 july 1988 under the national housing bank act 1987 . nhb is wholly owned by reserve bank of india which contributed the entire paid up capital . the general superintendence direction and management of the affairs and business of nhb vest under the act in a board of directors.the head office of nhb is at new delhi . preamble edit the preamble of the national housing bank act 1987 describes the basic functions of the nhb as ... to 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 and for matters connected therewith or incidental thereto ... vision edit promoting inclusive expansion with stability in housing finance market mission edit to harness and promote the market potentials to serve the housing needs of all segments of the population with the focus on low and moderate income housing objectives edit nhb has been established to achieve inter alia the following objectives to promote a sound healthy viable and cost effective housing finance system to cater to all segments of the population and to integrate the housing finance system with the overall financial system . to promote a network of dedicated housing finance institutions to adequately serve various regions and different income groups . to augment resources for the sector and channelise them for housing . to make housing credit more affordable . to regulate the activities of housing finance companies based on regulatory and supervisory authority derived under the act . to encourage augmentation of supply of buildable land and also building materials for housing and to upgrade the housing stock in the country . to encourage public agencies to emerge as facilitators and suppliers of serviced land for housing . board of directors edit shri sriram kalyanaraman managing director & chief executive officer dr. urjit r. patel dy.rbi governor reserve bank of india under section 6 1 d of the national housing bank act 1987 shri g.m. rao director central board of directors reserve bank of india under section 6 1 d of the national housing bank act 1987 shri alok tandon ias joint secretary to the government of india ministry of finance under section 6 1 e of the national housing bank act 1987 smt . vijaya srivastava ias joint secretary to the government of india ministry of rural development under section 6 1 e of the national housing bank act 1987 shri sanjeev kumar ias joint secretary ray to government of india & mission director jnnurm ministry of housing and urban poverty alleviation under section 6 1 e of the national housing bank act notes edit http nhb.org.in aboutus about us.php org http www.nhb.org.in aboutus about us.php external links edit wikimedia commons has media related to national housing bank . official site annual reports retrieved from https en.wikipedia.org w index.php title national housing bank & oldid 738026944 categories financial institutions of indiaorganisations based in delhihousing finance companies of indiaregulatory agencies of indiareserve bank of indiahidden categories use indian english from october 2015all wikipedia articles written in indian englishuse dmy dates from october 2015pages using infobox company with unsupported parameterscommons category without a link on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage 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