About Us

Genesis

  • The Sub-Group on Housing Finance for the Seventh Five Year Plan (1985-90) identified the non-availability of long-term finance to individual households on any significant scale as a major lacuna impeding progress of the housing sector and recommended the setting up of a national level institution.
  • The Committee of Secretaries considered' the recommendation and set up the High Level Group under the Chairmanship of Dr. C. Rangarajan, the then Deputy Governor, RBI to examine the proposal and recommended the setting up of National Housing Bank as an autonomous housing finance institution. The recommendations of the High Level Group were accepted by the Government of India.
  • The Hon’ble Prime Minister of India, while presenting the Union Budget for 1987-88 on February 28, 1987 announced the decision to establish the National Housing Bank (NHB) as an apex level institution for housing finance. Following that, the National Housing Bank Bill (91 of 1987) providing the legislative framework for the establishment of NHB was passed by Parliament in the winter session of 1987 and with the assent of the Hon’ble President of India on December 23, 1987, became an Act of Parliament.
  • The National Housing Policy, 1988 envisaged the setting up of NHB as the Apex level institution for housing.
  • In pursuance of the above, NHB was set up on July 9, 1988 under the National Housing Bank Act, 1987.
  • NHB is wholly owned by Reserve Bank of India, which contributed the entire paid-up capital.
  • The general superintendence, direction and management of the affairs and business of NHB vest, under the Act, in a Board of Directors.
  • The Head Office of NHB is at New Delhi.

Preamble

The Preamble of the National Housing Bank Act, 1987 describes the basic functions of the NHB as –

“... to operate as a principal agency to promote housing finance institutions both at local and regional levels and to provide financial and other support to such institutions and for matters connected therewith or incidental thereto ...”

Vision

“Promoting inclusive expansion with stability in housing finance market”

Mission

"To harness and promote the market potentials to serve the housing needs of all segments of the population with the focus on low and moderate income housing "

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

Shri Mohammad Mustafa, IAS
Chairman & Managing Director
Dr. Santosh Chandra Panda
Professor of Economics, Delhi School of Economics
(under Section 6(1) (b) of the National Housing Bank Act, 1987)
Dr. Neelima Risbud,
Dean of Studies, School of Planning and Architecture
(under Section 6(1) (b) of the National Housing Bank Act, 1987)
Shri H.R. Khan
Deputy Governor, Reserve Bank of India
(under Section 6(1) (d) of the National Housing Bank Act, 1987)
Shri G.M. Rao
Director, Central Board of Directors, Reserve Bank of India
(under Section 6(1) (d) of the National Housing Bank Act, 1987)
Shri Alok Tandon, IAS
Joint Secretary to the Government of India, Ministry of Finance
(under Section 6(1) (e) of the National Housing Bank Act, 1987)

Smt. Vijaya Srivastava, IAS,
Joint Secretary to the Government of India,Ministry of Rural Development
(under Section 6(1) (e) of the National Housing Bank Act, 1987))

Shri Sanjeev Kumar, IAS
Joint Secretary (RAY) to Government of India & Mission Director (JNNURM), Ministry of Housing and Urban Poverty Alleviation
(under Section 6(1) (e) of the National Housing Bank Act, 1987)

Shri Karoon Dey,
Secretary to the Govt. of West Bengal, Housing Department
(under Section 6(1) (f) of the National Housing Bank Act, 1987)
Dr. B. Rajender,
Secretary to the Govt. of Bihar, Urban Development & Housing Department
(under Section 6(1) (f) of the National Housing Bank Act, 1987)

Executive Committee of Directors

Shri Mohammad Mustafa, Chairman
Shri H.R. Khan, Member
Shri G.M. Rao, Member
Dr. Santosh Chandra Panda, Member

Audit Committee of the Board

Shri H.R. Khan, Chairman
Shri G.M. Rao, Member
Dr. Santosh Chandra Panda, Member
Dr. Neelima Risbud, Member

Organization

NHB is a lean, officer oriented, professionally managed institution with its headquarters in Delhi and offices in Mumbai, Hyderabad, Bangalore, Chennai, Kolkata, Lucknow and Ahmedabad. It has 84 professionals at different levels. NHB is committed to pursuit of excellence through innovation, doer work culture and contemporary work practices with technology intervention. It has the following Departments, apart from NHB RESIDEX Cell for handling residential index activities –

  1. Department of Regulation and Supervision
  2. Refinance Operations Department
  3. Project Finance and Technology Promotion Department
  4. Resource Mobilization and Management Department
  5. Risk Management Department
  6. Business Planning and Promotion Department
  7. Market Research, Consultancy and Policy Department
  8. Credit Guarantee Fund Trust Cell
  9. Information Technology Department
  10. Legal Department
  11. Administration, HR and Premises Department
  12. Accounts Department
  13. All Audits Department
  14. Board and CMD Secretariat

Offices of the Bank

Head Office:

National Housing Bank
Core 5A, India Habitat Centre,
3rd-5th floor, Lodhi Road,
New Delhi – 110003

Phone No. +91-11-24649031 to 35
Fax No. +91-11-24646988, 24649041
e-mail : ho@nhb.org.in

Regional Office:

National Housing Bank
Mumbai Life Building,
45, Veer Nariman Road,
Fort, Mumbai – 400023

Phone No. +91-22- 22851560-64
Fax No. +91-22-22851555
e-mail : romum@nhb.org.in

Regional Representative Offices of the Bank

Ahmadabad

Ms. Rekha Surti
Manager & Regional Resident Representative

Contact No. +91-8511155707

National Housing Bank,
Representative Office - Ahmedabad
Mezzanine Floor, G-7, Sakar-I,
Opposite Gandhigram Station,
Ashram Road,
Ahmedabad – 380009

Contact No. +91-8511155707
Fax No. +91-79-26582523
e-mail : roahm@nhb.org.in

Bengaluru

Shri Hemkumar Gopalakrishnan
Manager & Regional Resident Representative

Contact No.+91-8105272555

National Housing Bank
Representative Office- Banagalore
1st Floor, Jeevan Sudha
(LIC) Building
24th Main, J. P. Nagar
1st Phase
Bangalore- 560078

Phone No. +91-80 2665 0534
Fax No. +91-80-2665 0534
e-mail: hemkumarg@nhb.org.in

Bhopal

Shri Subhash
Manager & Regional Resident Representative

Contact No. +91-8458878644


National Housing Bank
(adjacent to Training Room)
Reserve Bank of India
Hoshangabad Road,P.B. No.32,
Bhopal-462 011

e-mail: subhash@nhb.org.in

Chennai

Shri W.C. Robin,
Manager & Regional Resident Representative
Contact No. +91-9444991104

National Housing Bank
Representative Office- Chennai
M.T.B. Building (North Wing),
Ground Floor, 485, Annasalai, Nandanam,
Chennai 600 035.

Phone No. +91-44-24320761
Fax No. +91-44-24331180
e-mail : rochn@nhb.org.in

Hyderabad

Shri K. Jagan Mohan Rao
Manager & Regional Resident Representative
Contact No. +91-8008652222

National Housing Bank
Representative Office- Hyderabad
Forth Floor, APSHCL BUILDING,
Street No. 17, Himyat Nagar,
Hyderabad - 500029

Phone No. +91-040- 23264079 
Fax No. +91-40-23223376
e-mail : jagank@nhb.org.in

Kolkata

Shri Subhendu Chakraborty 
Regional Manager & Regional Resident Representative 
Contact No:-+91-9007068119

National Housing Bank
Representative Office – Kolkata 
Hindustan Building, 1st Floor 
4 C. R. Avenue,
Kolkata - 700072

Phone No. +91-33-22124034
Fax No. +91-33-22124035
e-mail : subenduc@nhb.org.in

Lucknow

Shri Saurabh Singh  
Dy. Manager & Regional Resident Representative
Contact No. +91-9415511011

National Housing Bank
Assistant General Manager and Regional Resident Representative,
National Housing Bank, III Floor, NE Wing, A Block,
PICUP Bhawan, Bibhuti Khand, Gomti Nagar,
Lucknow - 226 010

Phone No. +91-522-4025169
Fax No. +91-522-4025169
e-mail: shprizvi@nhb.org.in

Patna

Shri Vijay Kumar
Manager & Regional Resident Representative
Contact No. +91-9771408615

National Housing Bank
Patna Representative Office,
Reserve Bank of India,
2nd Floor, South Gandhi Maidan,
Patna – 800001

Phone No. +91-612-2323989
Fax No. +91-612-2323989
e-mail : vijayk@nhb.org.in

Bhubaneswar

Shri Vivekananda Hembrum
Dy. Manager & Regional Resident Representative
Contact No. +91-9937448101

National Housing Bank
Bhubaneswar Representative Office,
Reserve Bank of India,
3rd Floor, Pt. Jawaharlal Nehru Marg
Bhubaneswar – 765001

Phone No. +91-674-2531083
Fax No. +91-674-2531083
e-mail : vivekanandah@nhb.org.in

Nagpur

Shri Vaibhav Ramteke
Manager & Regional Resident Representative
Contact No:-+91-7755922366

National Housing Bank
Representative Office – Nagpur
Reserve Bank of India
Annex Building, 3rd Floor
Dr. Raghvendra Rao Road,
Civil Lines
Nagpur – 440001

Phone No. +91-712-2806324
Fax No. +91-712-2558299
e-mail : vaibhavjr@nhb.org.in

Jaipur

Shri Jagdish
Dy. Manager & Regional Resident Representative
Contact No:- +91-9680099993

National Housing Bank
Jaipur Representative Office
Reserve Bank of India
Rambagh Circle,
Tonk Road
Jaipur – 302052

e-mail: jagdish@nhb.org.in

 

 

Milestones

1988-89
Financial Year

  1.   Refinance Schemes for housing loans
  2.   Schemes for Land Development & Shelter Projects
  3.   Scheme for Equity Participation in Housing Finance Companies (HFCs)/  Building Materials Companies

1989-90

  1.   Home Loan Account Scheme
  2.   Housing Finance Companies (NHB) Directions, 1989
  3.   Raised Loan of US$25m (first tranche) under USAID Govt. Housing Guaranty Program

1990-91

  1.   Notified as a Public Financial Institution

1991-92

  1.   Received a Loan Assistance of Yen 2,970 billion from OECF (now JBIC)
  2.   Scheme for Financing Housing Infrastructure

1992-93

  1.   Refinance Schemes for Slum Redevelopment Projects

1994-95

  1.   Launched the issue of Unsecured Bonds
  2.   Guidelines for Prudential Norms for HFCs

1997-98

  1.   Golden Jubilee Rural Housing Finance Scheme (GJRHFS)
  2.   Issued Tax Free Bonds to finance GJRHFS
  3.   Drawn from ADB US$20m in 1997-98 and US$30m in 1998-99

1999-2000

 Agreement for Cooperation with Canada Mortgage and Housing Corporation for introducing Mortgage Insurance and New Products in the Country

2000-01

  1.  First Residential Mortgaged Backed Securitization Issue in the Country
  2.  Guidelines for Entry of HFCs into Insurance Business
  3.  Refinance Scheme for reconstruction of dwelling units in the earthquake affected areas in Gujarat

2001-02

  1.   Credit Enhancement of Bonds floated by HFCs

2002-03

  1.   Liberalized Refinance Scheme for Housing Loans

2004-05

  1.   First time provided Corporate Guarantee for RMBS
  2.   New Window of lending to Micro Finance Institutions

2005-06

  1.   Fraud Management Cell set up to disseminate information on frauds committed on housing loans

2006-07

  1.   NHB RESIDEX was launched (first official residential housing price index).
  2.   New Products Developed for unserved and underserved segments of Society
    • Reverse Mortgage Loan for Senior Citizens
    • Productive Housing in Rural Areas (PHIRA)
      i.e. Scheme for composite loans (housing and production) to rural families
    • Refinance for Top-up loan for Indira Awas Yojana Beneficiaries
    • Equity Participation in New Rural Housing Finance Companies
    • Occasional Papers & Discussion Papers Series launched

2007-08

  1.   Rural Housing Fund was created with Rs.1,000 crores allocation
  2.   Rural Housing Microfinance was launched
  3.   NHB-UNESCAP Study on pro-poor housing finance: 7 Asian Countries initiated
  4.   MOC with UNHABITAT signed for water and sanitation projects for housing
  5.   Home Loan Counselling : Diploma programme put in place (IIBF)

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