New Delhi : The National Housing Bank (NHB) has granted the Certificate of Registration (without permission to accept public deposits), to commence the business of housing finance to IFL Housing Finance Limited and Roha Housing Finance Private Limited, effective from 12-12-2017, under Section 29A of the National Housing Bank Act, 1987.
Thus, as on date, the total number of HFCs registered with NHB is 93. The NHB is a wholly owned subsidiary of the Reserve Bank of India (RBI). It 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.
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