NHB Full Form

What is the full form of NHB?

The full form of NHB is the National Housing Bank. NHB is an agency owned by the Indian Government and was established under the National Housing Bank Act, 1987, on 9 July 1988. The main major bank for housing is the NHB. The NHB was formed with the goal of facilitating as a positive influence to support regional and local housing finance agencies as well as provide additional financial support to certain entities and for related matters.

The National Housing Bank Act, 1987 has been amended by the Finance Act, 2019. The amendment confers upon the RBI the powers of supervision of HFCs(Housing Finance Companies). HFCs are registered and supervised by the NHB, supervised with on-site and off-site frameworks and coordinated with the other regulators.

The main goal of NHB

NHB was formed to accomplish the specific goals which are

  • Promoting a sound, safe, sustainable and cost-effective mortgage lending framework to appeal to all sections of the population and integrating the housing finance sector with the banking markets overall.
  • Promoting a network of specialized housing finance institutions to represent the various areas and different income classes appropriately.
  • To increase the sector’s wealth and turn them towards housing.
  • To offer loans for housing more reasonably priced.
  • Focused on the supervisory and regulatory authority derived under the Act, to control the activities of housing finance companies.
  • To support an increase in the availability of buildable land or building materials for homes and to develop the national housing stocks.
  • To allow public authorities, for homes, to develop as mediators and providers of maintained property.


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