About Us

  • 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.
  • Reserve Bank of India 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.

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 …”


“Promoting inclusive expansion with stability in housing finance market”


“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 ”


NHB has been established to achieve, inter alia, the following objectives-

  • 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.
  • To promote a network of dedicated housing finance institutions to adequately serve various regions and different income groups.
  • To augment resources for the sector and channelise them for housing.
  • To make housing credit more affordable.
  • To regulate the activities of housing finance companies based on regulatory and supervisory authority derived under the Act.
  • To encourage augmentation of supply of buildable land and also building materials for housing and to upgrade the housing stock in the country.
  • To encourage public agencies to emerge as facilitators and suppliers of serviced land, for housing.
Board of Directors


Shri Sarada Kumar Hota
Managing Director, National Housing Bank
Dr. Prasanna Kumar Mohanty
Central Board of Director, Reserve Bank of India
Shri Prasant Kumar
Special Secretary to the Government of India, Department of Rural Development, Ministry of Rural Development
Shri Shiv Das Meena
Additional Secretary to the Government of India, Ministry of Housing and Urban Affairs
Shri Anand Madhukar
Officer on Special Duty (Joint Secretary Level), Department of Financial Services, Ministry of Finance
Shri Manoj Kumar Meena
Secretary, Housing Department, Government of Karnataka

NHB is a lean, officer oriented, professionally managed institution with its headquarters in Delhi and offices in Mumbai, Hyderabad, Bangalore, Kolkata and Ahmedabad. It has 127 professionals at different levels. NHB is committed to pursuit of excellence through innovation, doer work culture and contemporary work practices with technology intervention. The Bank has following Departments:

  1. 1. Accounts Department
  2. 2. Audit Department
  3. 3. Board and MD Secretariat
  4. 4. Compliance Department
  5. 5. Department of Supervision (DOS)
    1. 5.1. Inspection
  6. 6. Government Schemes
    1. 6.1. Credit Guarantee Fund Trust for Low Income Housing
  7. 7. HR & Admin Department
    1. 7.1. Knowledge Centre
    2. 7.2. Rajbhasha
  8. 8. IT Department
  9. 9. MRCPD & Corporate Communication
    1. 9.1. MIS Cell
  10. 10. Premises Department
  11. 11. Legal & Recovery Department
    1. 11.1. RTI Cell
  12. 12. Refinance & Project Finance Department
  13. 13. Resource Mobilisation and Management Department (RMMD)
  14. 14. Risk Management Department (RMD)
  15. 15. Vigilance Department
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

Shri V Magesh Kumar
Assistant General Manager
Contact No. +91-9717200341
National Housing Bank,
Regional Representative Office – Ahmedabad
Mezzanine Floor, G-7, Sakar-I,
Opposite Gandhigram Station,
Ashram Road, Ahmedabad – 380009
Phone No. +91-8155878644
Fax No. +91-79-26582523
e-mail : roahm@nhb.org.in

Shri Peeyush Pandey
Assistant General Manager
Contact No.+91-9717691299

National Housing Bank
Regional Office- Bengaluru
1st Floor, Jeevan Sudha(LIC) Building
24th Main, J. P. Nagar
1st Phase Bangalore- 560078
Phone No. +91-80 26650534
Fax No. +91-80-26650534
e-mail: roblr@nhb.org.in


Shri Venkatesh Tota
Manager & Regional Resident Representative
Contact No. +91- 8130498074

National Housing Bank
Representative Office- Hyderabad
Street No. 17, Himyat Nagar,
Hyderabad – 500029
Phone No. +91-040- 23264079
Fax No. +91-40-23223376
e-mail : rohyd@nhb.org.in

Shri Vikram Deva
Assistant General Manager
Contact No:-+91-9910603585
National Housing Bank
Regional Office – Kolkata
Hindustan Building, 1st Floor
4 C. R. Avenue, Kolkata – 700072
Phone No. +91-33-22124034
Fax No. +91-33-22124035
e-mail :rokol@nhb.org.in


  • Enactment of the National Housing Bank Act, 1987
  • 1988-89
  • Establishment of the National Housing Bank
  • Unveiled the Bank’s Logo
  • Launched Refinance Schemes for Housing Loans by Scheduled Banks and Housing Finance Institutions
  • Issued Guidelines for Equity Participation in Housing Finance Companies (HFCs)s
  • Issued Guidelines for Financing Land Development & Shelter Projects through Public Agencies
  • Conducted Capacity Building Faculty Development Programme on Housing Finance
  • Issued Housing Finance Companies (NHB) Directions, 1989
  • 1989-90
  • Launched Home Loan Account Scheme – Loan Linked Savings Scheme
  • Signed Agreement with U.S. Agency for International Development (USAID) for External Borrowings
  • 1990-91
  • Launched Capital Gains Bonds Scheme
  • Signed Agreement with Overseas Economic Cooperation Fund (OECF) of Japan for External Borrowings
  • Notified as a “Public Financial Institution
  • 1991-92
  • Operationalized NHB (Voluntary Deposits) Scheme, 1991
  • 1992-93
  • Launched Refinance Schemes for Slum Redevelopment Projects
  • 1994-95
  • Issued Guidelines for Prudential Norms for HFCs
  • 1995-96
  • Launched Refinance Scheme for Regional Rural Banks
  • 1997-98
  • Launched Golden Jubilee Rural Housing Finance Scheme
  • Signed Agreement with Asian Development Bank for Long Term Borrowings
  • 1999-2000
  • The National Housing Bank (Amendment) Act, 2000 came into force on June 12, 2000
  • HFCs need to obtain Certificate of Registration from NHB, before commencement or carrying on the business of housing finance
  • 2000-01
  • Issued First Residential Mortgage Backed Securities (RMBS) in India
  • Issued Guidelines for Entry of HFCs into Insurance Business
  • Announced Refinance Scheme for reconstruction of dwelling units in the earthquake affected areas in Gujarat
  • Announced Refinance Assistance to Scheduled Commercial Banks in respect of their lending for housing in cyclone hit areas of Orissa, flood affected areas of Andhra Pradesh
  • 2001-02
  • Issued new set of Housing Finance Companies (NHB) Directions, 2001 in supersession of Housing Finance Companies (NHB) Directions, 1989 and the Guidelines for Prudential Norms
  • Issued the Guidelines for Asset Liability Management System for HFCs
  • 2002-03
  • Launched Liberalized Refinance Scheme for Housing Loans
  • First time obtained external rating for its debt instruments
  • Announced Project Finance Policy
  • Set up of Cell for dissemination of housing loan frauds
  • Set up of Cell for effective redressal of complaints against HFCs
  • 2004-05
  • Provided Corporate Guarantee to HFCs on RMBS
  • Issued Guidelines on ‘Know Your Customer’ to HFCs
  • 2005-06
  • Announced Refinance Assistance to HFCs and SCBs in respect of their lending for housing in the earthquake affected areas of Jammu & Kashmir
  • Issued Guidelines on Know Your Customer and Anti Money Laundering Measures to HFCs
  • 2006-07
  • Launched NHB RESIDEX, the first official Housing Price Index
  • Issued Operational Guidelines for Reverse Mortgage Loan to banks/HFCs
  • Launched Occasional Papers and Discussion Papers Series
  • First Regional Representative Office was opened at Hyderabad
  • Issued Guidelines on Fair Practices Code to HFCs
  • 2007-08
  • Government of India announced the establishment of Rural Housing Fund in NHB
  • Signed MOC with UNHABITAT for Water and Sanitation Projects for Housing
  • Implemented SAP ERP System in NHB
  • Launched two term deposit schemes – SUNIDHI and SUVRIDHI
  • Issued Zero Coupon Bonds
  • 2009-10
  • Incubated and Launched Asia Pacific Union for Housing Finance (APUHF) Forum
  • Identified as Central Nodal Agency for Interest Subvention Scheme for Housing the Urban Poor and 1% Interest Subvention Scheme
  • Consolidated and Issued Housing Finance Companies (NHB) Directions, 2010
  • 2010-11
  • Collaborated with KfW, Germany for promotion of Energy Efficient Housing in India
  • 2011-12
  • Government of India setup Credit Risk Guarantee Fund Trust for Low Income Housing in NHB, to ensure better flow of institutional credit for housing loans to the low income segments
  • 2012-13
  • Appointed as Nodal Agency by the Government of India for External Commercial Borrowings for Low Income Housing Projects
  • Prescribed Most Important Terms & Conditions (MITC) of housing loan for HFCs
  • Unveiled the Bank’s New Logo and Website, as a part of Silver Jubilee Celebrations
  • 2013-14
  • Identified as Central Nodal Agency for Rajiv Rinn Yojana (RRY) and the Capital Subsidy Scheme under Jawaharlal Nehru National Solar Mission (JNNSM)
  • Signed Agreement with Department for International Development (DFID), UK for promoting affordable housing in Low Income States
  • Entered into partnership with World Bank through Government of India, to encourage flow of funds to the urban poor for their housing requirements
  • Setup India Mortgage Guarantee Corporation Private Ltd., the first Mortgage Guarantee Company in India
  • Government of India announced the establishment of Urban Housing Fund in NHB
  • Issued the Housing Finance Companies issuance of Non-Convertible Debentures on private placement basis (NHB) Directions, 2014
  • 2014-15
  • Implemented Grievance Registration and Information Database System (GRIDS), a 24×7 on-line database system
  • Implemented Risk Based Internal Audit (RBIA) System
  • Identified as Central Nodal Agency for Pradhan Mantri Awas Yojana (PMAY) – Credit Linked Subsidy Scheme (CLSS) Housing for All by 2022 Mission
  • Launched 24×7 on-line portal to lodge PMAY-CLSS claims for reducing the turnaround time for processing the subsidy
  • 2015-16
  • Launched Special Refinance Scheme for flood affected area of Jammu & Kashmir and Tamil Nadu
  • Identified as Central Nodal Agency for Rural Housing Interest Subsidy Scheme under Housing for All by 2022 Mission
  • Implemented 24×7 online reporting system (ORMIS) for HFCs to facilitate a faster mechanism for submission of Returns, Data and information
  • Issued four Master Circulars on a) Housing Finance Companies (NHB) Directions, 2010; b) Housing Finance Companies Issuance of Non-convertible Debentures on Private Placement Basis (NHB) Directions, 2014; c) Fair Practice Code; and d) Miscellaneous Instructions to all Housing Finance Companies
  • Issued Guidelines on Willful Defaulters to HFCs
  • Directed HFCs to become member of all CICs and submit data (including
  • historical data) to them
  • Offices of NHB were connected to VC System through MPLS network
  • 2016-17
  • Issued three new Directions – (i) Housing Finance Companies – Auditor’s Report (NHB) Directions, 2016; (ii) Housing Finance Companies – Approval of Acquisition or Transfer of Control (NHB) Directions, 2016; and (iii) Housing Finance Companies – Corporate Governance (NHB) Directions, 2016
  • Republic Day Parade-2017 Tableau of MoHUA, NHB and its role as Central Nodal Agency for the implementation of PMAY-CLSS was depicted
  • Corporate Film on NHB was produced
  • 2017-18
  • Launched the revamped NHB RESIDEX and now covers 50 cities
  • The Finance Act, 2018 amended certain provisions of the National Housing Bank Act, 1987, inter alia, enabling transfer of share capital of NHB from Reserve Bank to Central Government
  • overnment of India announced the establishment of Affordable Housing Fund in NHB
  • Cumulative Refinance Disbursement crossed Rs. 2 lakh crore mark