hamburger

NHB Full Form: Know All About NHB Here!

By BYJU'S Exam Prep

Updated on: September 25th, 2023

NHB Full Form: The Full form of NHB is the National Housing Bank. If you’re new to the banking industry, or a candidate looking to be employed in one of the country’s big banks, it would probably come as a surprise that many employers test the candidate’s knowledge of full forms commonly used in the banking sector. Knowing these full forms does not only help you secure your employment in these banks but also has several practical, day-to-day usage once you’re successfully employed.  These full forms are of different kinds but are often used to refer to banking institutions, tools, techniques, or even rates commonly used.

For instance, it is very well possible that your employer might ask you the answer to the question “What is the Full Form of NHB?”. Not only should you be prepared with the Full form of NHB, but you should also be equipped with several relevant facts surrounding the topic to improve your chances of recruitment.

What does NHB Stand for?

The Full form of NHB is the National Housing Bank. It is the overall regulatory body in licensing for companies in the field of housing finance. To put it candidly, NHB is to housing finance companies as the Reserve Bank of India is for Indian Banks. The NHB is under the direct jurisdiction of the Ministry of Finance and was set up on the 9th of July 1888, under the National Housing Bank Act, 1986. Apart from learning the full form of NHB, here are some necessary facts you might need to know.

NHB Quick Facts

  • Full form of NHB –National Housing Bank
  1. The national housing bank was established in 1987 to operate as a principal agency and promote Housing Finance institutions across multiple levels. 
  2. Recently, the Finance Act 2019 has amended the original National Housing Bank Act, 1987. This amendment transferred the powers of regulating Housing Finance Corporation to the Reserve Bank of India – RBI. 
  3. During the seventh five-year plan (1985-90), it was established and identified a lack of availability for long-term finance for individual households. This required a national-level institution to be involved in growth and development in the housing sector, and thus NHB was born.
  4. The primary ambition of the bank is best established in the vision statement of the bank “promoting inclusive expansion with stability in the housing market” and its mission statement “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.” 
  5. Over the years, they have succeeded in promoting a network of housing financial institutions, commonly abbreviated as HFCs, to serve the needs of individuals across diverse regions, ethnicities, and income groups. Housing credit has become affordable since its creation in 1988, and the real estate and housing sector has shown significant growth in the following years – in large part due to the effort of the National Housing Bank.

We hope this information was useful to you. Like the full form of NHB, you can learn from others our articles. This would be extremely beneficial for a banking exam.

Also, Check:

Related Links

IBPS PO Salary

IBPS PO Vacancy

IBPS PO Syllabus

IBPS PO Books

IBPS PO Preparation Tips

NABARD Grade A Vacancy

NABARD Grade A Salary

NABARD Grade A Syllabus

NABARD Grade A Preparation Strategy

 

PO, Clerk, SO, Insurance

Our Apps Playstore
POPULAR EXAMS
SSC and Bank
Other Exams
GradeStack Learning Pvt. Ltd.Windsor IT Park, Tower - A, 2nd Floor, Sector 125, Noida, Uttar Pradesh 201303 help@byjusexamprep.com
Home Practice Test Series Premium