About NHB

Name: National Housing Bank
Founded: 9 July 1988
Headquarters: New Delhi
CEO: Sriram Kalyanaraman

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.

OBJECTIVES

NHB has been established to achieve, inter-Alia, the following objectives –
1. 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.

2. To promote a network of dedicated housing finance institutions to adequately serve various regions and different income groups.

3. To augment resources for the sector and channelise them for housing.

4. To make housing credit more affordable.

5. To regulate the activities of housing finance companies based on regulatory and supervisory authority derived under the Act.

6. To encourage augmentation of supply of buildable land and also building materials for housing and to upgrade the housing stock in the country.

7. To encourage public agencies to emerge as facilitators and suppliers of serviced land, for housing.

BOARD OF DIRECTORS

1) Shri Sriram Kalyanaraman, MD AND CEO
2) Dr. Urjit R. Patel
3) Shri G.M. Rao, Director, Central Board of Directors
4) Shri Alok Tandon
5) Smt. Vijaya Srivastava

6) Shri Sanjeev Kumar