The correct answer is: C. Reserve Bank of India
National Housing Bank (NHB) is an apex housing finance institution in India. It was established in 1987 as a wholly owned subsidiary of the Reserve Bank of India (RBI). NHB is responsible for promoting housing finance in India and for regulating the housing finance sector.
NHB provides a variety of products and services to housing finance companies, including refinance, guarantee, and liquidity support. It also provides training and research support to the housing finance sector.
NHB has been instrumental in promoting housing finance in India. It has helped to increase the availability of housing finance and to reduce the cost of housing finance. NHB has also helped to improve the quality of housing finance products and services.
The following are the other options and their explanations:
- A. State Bank of India is a state-owned banking and financial services company. It is the largest commercial bank in India and the largest bank in the world by assets. State Bank of India does not have a housing finance subsidiary.
- B. Life Insurance Corporation of India is a state-owned insurance company. It is the largest life insurance company in India and the largest life insurance company in the world by assets. Life Insurance Corporation of India does not have a housing finance subsidiary.
- D. Industrial Finance Corporation of India is a state-owned financial institution. It provides financial assistance to industrial companies. Industrial Finance Corporation of India does not have a housing finance subsidiary.