Government to take over NHB from RBI

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?
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  • 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.
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