Government to take over NHB from RBI
02, May 2019
Prelims level : National Housing Bank and its objectives Mains level : What will be the affect on housing sector after govt buying the stake of NHB?
- The government will be taking over the National Housing Bank (NHB) after buying entire stake for Rs 1,450 crore from the Reserve Bank of India (RBI).
- The RBI has exited the NHB, thus making it a fully government-owned entity.
- RBI was holding 100% stake in the NHB, the housing finance regulator.