National Housing Bank

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Here is a list of subtopics about National Housing Bank:

  • History
  • Mission and objectives
  • Products and services
  • Financial performance
  • Governance
  • Awards and recognition
  • Contact information
    The National Housing Bank (NHB) is an apex financial institution in India that promotes housing finance and urban InfrastructureInfrastructure development. It was established in 1988 by an Act of Parliament, with the objective of providing a sound and stable financial system for housing in India.

The NHB has a three-fold mission:

  • To promote housing finance and urban infrastructure development;
  • To provide a sound and stable financial system for housing; and
  • To ensure that housing is affordable to all sections of society.

The NHB offers a wide range of products and services, including:

  • Housing loans;
  • Mortgage refinance loans;
  • Infrastructure loans;
  • Housing finance securitization;
  • Housing finance research and development; and
  • Housing finance training and capacity building.

The NHB has been instrumental in promoting housing finance in India. It has played a key role in developing the housing finance market, and has helped to make housing finance more accessible to all sections of society. The NHB has also been a pioneer in the development of innovative housing finance products and services.

The NHB is a well-governed institution with a strong track record of performance. It has a sound financial position, and has been profitable for many years. The NHB has also been recognized for its Good Governance practices.

The NHB has won several awards and recognition for its work in promoting housing finance and urban infrastructure development. These include:

  • The Indira Gandhi Paryavaran Puraskar (IGPP) for its work in promoting Sustainable Development;
  • The Rajiv Gandhi National Quality Award (RGNQA) for its excellence in quality management; and
  • The National Award for Excellence in Public Service (NAPS) for its outstanding contribution to public service.

The NHB is committed to providing quality services to its customers. It has a strong customer service team that is available to assist customers with their housing finance needs. The NHB also has a network of branches and offices across India, making it easy for customers to access its services.

The NHB is a reliable and trustworthy institution. It has a strong track record of performance, and is committed to providing quality services to its customers. The NHB is a good choice for anyone looking for housing finance or urban infrastructure development.

For more information about the NHB, please visit its website at www.nhb.org.in.
History

The National Housing Bank (NHB) was established in 1987 as an apex institution to promote housing finance in India. It is a statutory body under the Ministry of Finance, Government of India.

Mission and objectives

The mission of NHB is to promote housing finance in India and to provide financial assistance to individuals and institutions for housing purposes. Its objectives are to:

  • Promote the development of housing finance institutions
  • Provide financial assistance to individuals and institutions for housing purposes
  • Undertake research and development in the field of housing finance
  • Promote the development of housing infrastructure
  • Provide training and education in the field of housing finance

Products and services

NHB offers a wide range of products and services, including:

  • Housing loans
  • Mortgage loans
  • Refinance loans
  • Housing development loans
  • Housing finance advisory services
  • Housing finance training and education services

Financial performance

NHB has been profitable for the past several years. In 2020-21, it reported a net profit of Rs. 1,200 crore.

Governance

NHB is governed by a Board of Directors, which is headed by the Chairman. The Board consists of representatives from the Government of India, the Reserve Bank of India, and the housing finance IndustryIndustry.

Awards and recognition

NHB has received several awards and recognition for its work in the field of housing finance. In 2019, it was awarded the “Best Housing Finance Institution” by the Financial Express.

Contact information

The National Housing Bank

Head Office:

10, Institutional Area, Lodhi Road

New Delhi – 110 003

India

Phone: +91-11-2469-0000

Fax: +91-11-2469-0001

Website: www.nhb.org.in
1. The National Housing Bank was established in the year:
(a) 1980
(b) 1981
(CC) 1982
(d) 1983

  1. The National Housing Bank’s mission is to:
    (a) Promote housing finance in India
    (b) Provide financial assistance to housing finance institutions
    (c) Regulate the housing finance sector
    (d) All of the above

  2. The National Housing Bank offers the following products and services:
    (a) Housing loans
    (b) Mortgage loans
    (c) Refinance loans
    (d) All of the above

  3. The National Housing Bank’s financial performance for the year 2019-20 was:
    (a) Profitable
    (b) Loss-making
    (c) Break-even
    (d) Data not available

  4. The National Housing Bank is governed by a board of directors consisting of:
    (a) 10 members
    (b) 11 members
    (c) 12 members
    (d) 13 members

  5. The National Housing Bank has been awarded the following awards:
    (a) The Rajiv Gandhi National Award for Excellence in Public Administration
    (b) The Indira Gandhi Prize for National Integration
    (c) The Padma Shri
    (d) All of the above

  6. The National Housing Bank’s contact information is:
    (a) Address: 11, Barakhamba Road, New Delhi – 110 001
    (b) Phone: +91-11-23381000
    (c) Fax: +91-11-23381001
    (d) All of the above

Answers:
1. (a)
2. (d)
3. (d)
4. (a)
5. (a)
6. (d)
7. (d)