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 initially contributed the entire paid-up capital. However, in terms of the amendment made to the NHB Act, 1987 in 2019, pursuant the Union Budget announcements for 2019-20, shares stand transferred from Reserve Bank of India to Government of India. The entire capital of NHB is now contributed by the Government of India.
  • The general superintendence, direction and management of the affairs and business of NHB vest, under the Act, in the 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 supervise the activities of housing finance companies based on supervisory power 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
Shri Yamal Vyas
Director National Housing Bank
Shri. Satish K. Marathe
Director, Central Board of Reserve Bank of India
Shri Kuldip Narayan
Joint Secretary, Ministry of Housing & Urban Affairs
Shri Lalit Kumar Chandel
Economic Advisor, Department of Financial Services, Ministry of Finance
Shri Gaya Prasad
Deputy Director General (Rural Housing), Joint Secretary (JS) level, Ministry of Rural Development
Dr.J Ravishankar
Secretary, Housing Department, Government of Karnataka
Smt. Seema Rekha Bhuyan
IAS, Secretary ( Personnel, Indigenous, Tribal Faith & Culture Department), Assam State Secretariat
Key Managerial Personnel

Shri Sarada Kumar Hota

Managing Director

Shri Sarada Kumar Hota, a Post-Graduate in Agricultural Science, is a senior banker with 29 years of commercial banking experience having served across the country and was General Manager of Canara Bank till June 27, 2019. He was also the Circle head of Nagpur and Jaipur Circles of Canara Bank for 3 years followed by a brief stint in the Recovery Wing of the Bank at Head Office. Apart from his expertise in retail operations, he also carries with him the experience of working in the areas of Human Resources, Strategic Business Planning and Profit Planning at the Head Office of the Bank.


Shri Sarada Kumar Hota has been appointed as the Managing Director of National Housing Bank (NHB) w.e.f. June 27, 2019

Before joining NHB, Shri Hota was the Managing Director & CEO of Can Fin Homes Ltd, a premier housing finance institution and also the first Bank sponsored Housing Finance Company having been in business for over three decades. He has steered the company successfully during the period FY 17– FY 19, when the sector witnessed major reforms and challenging times. He was the Chairman of the Management Committee and a member of Stakeholders Relationship Committee of the Board at Can Fin Homes Ltd.

Top Brass

Executive Directors

Shri Rahul Bhave

Shri V Vaideswaran

Chief Vigilance Officer (CVO)

Shri Sushil Kumar (CVO)

General Managers

Shri V. Rajan

Shri Rakesh Awasthi

Shri Vishal Goyal

Shri S. K. Padhi

Shri Vineet Singhal

Officers’ Directory
Officers’ Directory

NHB is a lean, officer oriented, professionally managed institution with its headquarters in Delhi and offices in Mumbai, Hyderabad, Bengaluru, Kolkata ,Ahmedabad, Bhopal , Chennai, Lucknow and Guwahati. It has 150 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 Department
    1. 6.1. Credit Guarantee Fund Trust for Low Income Housing
  7. 7.General Administration Department
  8. 8.Human Resource Management Department
  9. 9.IT Department
  10. 10.Legal & Recovery Department
  11. 11.MRCPD & Corporate Communication
    1. 11.1. MIS Cell
  12. 12.Project Finance Department
  13. 13.RTI Cell
  14. 14.Refinance Department
  15. 15.Rajbhasha & Knowledge Centre
  16. 16.Resource Mobilisation and Management Department (RMMD)
  17. 17.Risk Management Department (RMD)
  18. 18.Vigilance Department
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[at]nhb[dot]org[dot]in
Regional Offices
Shri. Manohar Miryala,
Deputy General Manager
Mob: +91-9833647316
Landline: +91-22-22851560-62
National Housing Bank,
3rd Floor, Bombay Life Building,
45, Veer Nariman Road,
Fort, Mumbai – 400001
Office Phone No. +91-22-22851560-62
Office Fax No. +91-22-22851555
e-mail : romum[at]nhb[dot]org[dot]in
Shri. Parichay
Regional Manager
Mob: +91-8130498079
National Housing Bank,
3rd Floor, Core 5A, India Habitat Centre,
Lodhi Road, New Delhi-110003 ,Delhi
Office Phone No. +91-11-3918 7108
e-mail : parichay[at]nhb[dot]org[dot]in
Shri Peeyush Pandey
Assistant General Manager
Mobile: +91-9717691299
National Housing Bank
1st Floor, Jeevan Soudha(LIC) Building,
24th Main, J. P. Nagar
1st Phase, Bengaluru- 560078
Office Phone No. +91-80-26651110
e-mail: roblr[at]nhb[dot]org[dot]in
Ms. Sreeja P
Regional Manager
Mob: +91-7032702737
Landline: +91-40-23264079
National Housing Bank
Forth Floor, TSHCL Building, Urdu Gali,
Street No. 17, Himayat Nagar,
Hyderabad – 500029, Telangana
Office Phone No. +91-40-23264079
e-mail : rohyd[at]nhb[dot]org[dot]in
Shri Alok Sharma
Assistant General Manager
Mobile No:+91-9560900452
Landline: +91-33-46004879
National Housing Bank
Hindustan Building, 1st Floor
4 C. R. Avenue, Kolkata – 700072
West Bengal
Office Phone No.+91-33-22124034
e-mail : rokol[at]nhb[dot]org[dot]in


Regional Representative Offices of the Bank
Shri V. Magesh Kumar
Assistant General Manager
Mobile: +91-9717200341
Landline: +91-79-26582523
National Housing Bank,
Ahmedabad Regional Representative Office,
Mezzanine Floor, G-7, Sakar-I,
Opposite Gandhigram Station,
Ashram Road, Ahmedabad–380009, Gujrat
e-mail : roahm[at]nhb[dot]org[dot]in
Shri. Vaibhav J. Ramteke
Regional Manager
Mobile: +91-9818392483
Landline: +91-11-39187156
National Housing Bank,
4th Floor, M.P. State Cooperative
Agriculture and Rural Development
Bank Limited Building, 8 Arera Hills, Old Jail Road,
Bhopal-462004, Madhya Pradesh
Office Phone No. +91-755-2559564, +91-755-4913027
e-mail : robhopal[at]nhb[dot]org[dot]in
Shri. Vijay Kumar
Assistant General Manager
Mob: +91-9771408615
Landline No. 0522-4070261
National Housing Bank,
PICUP (The Pradeshiya Industrial & Investment,
Corporation of UP Ltd. Under Govt. of UP) Third Floor.
Block 1, PICUP Bhawan, Gomti Nagar
Lucknow – 226010, Uttar Pradesh
e-mail : vijay.kumar[at]nhb[dot]org[dot]in
Shri K. Jaganmohana Rao
Assistant General Manager
Contact No. +91-9818395291
National Housing Bank,
Unit No-716A, 7th Floor
Phase – II Office Lobby,Spencer Plaza,
769, Anna Salai, Chennai – 600 002 ,Tamil Nadu
Office Phone No. +91-44-48071082
e-mail : ro.chn[at]nhb[dot]org[dot]in
Shri Vivekananda Hembram
Regional Manager
Mob: +91-9818391468
National Housing Bank,
First Floor, Block No. III, Housefed Complex,
Beltola Basistha Road, Dispur,
Guwahati- 781006, Assam
Office Phone No. +91-361-3512422
e-mail : vivekanand[dot]hembram[at]nhb[dot]org[dot]in


  • Establishment of NHB
  • Launch of Refinance Schemes for housing loans
  • Launch of Schemes for Land Development & Shelter Projects
  • Launch of Scheme for Equity Participation in Housing Finance Companies (HFCs)/ Building Materials Companies
  • Launch of Home Loan Account Scheme
  • Issued Housing Finance Companies (NHB) Directions, 1989
  • Raised Loan of US$25m (first tranche) under USAID Govt Housing Guaranty Program
  • NHB was notified as a Public Financial Institution
  • Received a Loan Assistance of Yen 2,970 billion from OECF (now JBIC)
  • Launch of Scheme for Financing Housing Infrastructure
  • Refinance Schemes for Slum Redevelopment Projects
  • Launched the issue of Unsecured Bonds
  • Guidelines for Prudential Norms for HFCs were issued
  • Launched Golden Jubilee Rural Housing Finance Scheme (GJRHFS)
  • Issued Tax Free Bonds to finance GJRHFS
  • Drawn from ADB US$20m in 1997-98 and US$30m in 1998-99
  • First Residential Mortgaged Backed Securitization Issue in the Country
  • Guidelines for Entry of HFCs into Insurance Business
  • Refinance Scheme for reconstruction of dwelling units in the earthquake affected areas in Gujarat
  • Liberalized Refinance Scheme for Housing Loans
  • First time provided Corporate Guarantee for RMBS
  • Fraud Management Cell set up to disseminate information on frauds committed on housing loans
  • NHB RESIDEX was launched (first official residential housing price index)
  • New Products Developed for unserved and underserved segments of Society
  • Reverse Mortgage Loan for Senior Citizens
  • Productive Housing in Rural Areas (PHIRA)
  • Refinance for Top-up loan for Indira Awas Yojana Beneficiaries
  • Equity Participation in New Rural Housing Finance Companies
  • Occasional Papers & Discussion Papers Series launched
  • First Regional Office opened at Hyderabad
  • Establishment of Rural Housing Fund (RHF) with NHB
  • Rural Housing Microfinance was launched
  • NHB-UNESCAP Study on pro-poor housing finance: 7 Asian Countries initiated
  • MOC with UNHABITAT signed for water and sanitation projects for housing
  • Home Loan Counselling: Diploma program put in place with IIBF
  • Three Regional Office opened at Chennai, Bengaluru and Kolkata
  • 10 New cities added to the NHB RESIDEX
  • RML Counselling Programme launched and counselling centres opened at four cities
  • Housing Information Portal (HIP) launched
  • NHB SUNIDHI and NHB SUVRIDHI, the two term deposit schemes launched
  • 6th Regional Representative Office gets operational at Ahmadabad
  • Development of Asia Pacific Union for Housing Finance (APUHF) with other institutions/countries in the South Asia region
  • NHB disbursements crossed ₹ 12,000 crore mark, an all-time high
  • Collaboration with KfW, Germany for promotion of Energy Efficient Housing
  • SKOCH Financial Inclusion Award 2011 for its intervention in rural housing
  • ADFIAP Award for Development Finance-led Poverty Alleviation for the year 2011
  • 2 More Regional Representative Offices (RRO’s) were opened at Patna and Bhopal taking the count of total RRO’s to eight
  • Refinance Disbursements of ₹14390 Crore in the year 2011-2012 registering an increase of 22% from the year 2010-2011
  • Disbursement of 5607 Crore towards Rural Housing which constituted 39% of the total refinance Disbursements
  • NHB-Residex expanded from January 2012 to cover 5 new cities taking the total number of cities to 20
  • Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH) set up on 1st May 2012 to be managed by NHB
  • The Skoch Financial Inclusion Awards – 2012 conferred to NHB for its project in Energy Efficient New Residential Housing in India in the “Housing” Category
  • Certificate of Merit for Energy Efficient Housing for year 2012 from Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) awarded to NHB
  • NHB Conferred with “Best Employer Brand Award” at the IPE BFSI Awards 2012
  • Refinance Disbursements of ₹17635 Crore in the year 2012-2013 registering an increase of 22% from the year 2011-2012
  • Three new products developed viz Special Refinance Scheme for Urban Low Income Housing, Refinance Scheme for Installation of Sola Water Heating and Lighting Equipments in homes & Refinance Scheme for Construction Finance for Affordable Housing
  • 10 year tax free bond mobilized including issuance through public issue at an average yield of 6.94%
  • NHB RESIDEX expanded by 6 new cities viz Chandigarh, Coimbatore, Dehradun, Meerut, Nagpur & Raipur thereby now covering 26 cities
  • Bank’s in-house magazine “Awas Bharti” won first prize in the competition organized by Delhi Town Official Language Implementation Committee (TOLIC)
  • Operating Profit by about 18% and Profit after Tax increased by over 8% from ₹450 Crore to ₹487 Crore
  • Total units financed under Golden Jubilee Rural Housing Finance Scheme were 3,83,971 units The total units financed since inception stood at 42,98,863 units
  • NHB and Department For International Development, DFID of UK have entered into an agreement for DFID’s assistance to NHB to the tune of £50 million for promoting affordable housing in eight Low Income States (LIS) as per the terms & conditions mentioned therein which include income, loan size as important parameters
  • NHB in partnership with World Bank through Government of India, initiated a program to encourage the flow of funds to the urban poor for their housing requirements Under the program, NHB will be receiving loan of US $100 million (approx) over a period of five years from World Bank which will be used to refinance the retail loans extended by the Primary Lending Institutions (PLIs) which conform to the criteria laid down under the program
  • NHB entered into a Memorandum of Understanding (MoU) with Indian Green Building Council (IGBC) with respect to promoting Energy Efficient Homes, sharing of information, capacity building, networking in events and meetings and establishing Synergy between “NHB Energy Efficient Homes & IGBC Green Homes”
  • Mobilised 4000 crore through issuance of Tax Free Bonds, having benefits under Section 10(15)(iv)(h) of the Income Tax Act, 1961, through public issues/ Private placement for tenors of 10/15/20 years. All the issues were oversubscribed on the first day. The Bonds are listed and tradable on National Stock Exchange
  • Total assets size of NHB crossed ₹50,000 crore mark in 2014-15.
  • Refinance disbursements scaled a new height of ₹21,847 crore during the year 2014-15, registering an increase of 22.35% over the disbursements of ₹17,856 crore in 2013-14. This was the highest ever annual disbursement made by NHB.
  • Refinance disbursements of loans upto 10 lakh reached the figure of ₹9,710 crore in the year 2014-15 against ₹6,173 crore in the previous year.
  • 25.38% of the refinance disbursements were made towards rural housing viz. Rural Housing Fund (RHF) and Golden Jubilee Rural Housing Finance Scheme (GJRHFS).
  • During 2014-15, 6 Housing Finance Companies (HFCs) have been granted the Certificate of Registration (CoR) under Section 29A of the National Housing Bank Act, 1987, whereby the number of HFCs registered with NHB, increased to 65 as on 30-06-2015.
  • Implemented the Grievance Registration & Information Database System (GRIDS), 24×7 on-line database system, which facilitates the customer of housing finance company/NHB to lodge a complaint and also track its status.
  • Implemented Risk Based Internal Audit (RBIA) System.
  • Has been designated as Central Nodal Agency for the Credit Linked Subsidy Scheme under Pradhan Mantri Awas Yojana.
  • In-house magazine “Aawas Bharti” was awarded the first prize for 2013-14 by the RBI.
  • “Aawas Bharti” was also awarded the first prize from Delhi Bank Town Official Language Implementation Committee (TOLIC).
  • Infusion of capital of ₹1000 crore by RBI
  • PAT of ₹792 crore
  • NHB, as a Central Nodal Agency (CNA) for implementation of CLSS, signed MoUs with 145 PLIs. As on 30-06-2016, NHB disbursed an interest subsidy of ₹119.53 crore to 57 Primary Lending Institutions
  • A 24×7 on-line portal was developed and implemented for PLIs to lodge CLSS claims in order to reduce the turnaround time at NHB for processing interest subsidy under CLSS
  • Three research studies were commissioned during the year
  • PAT of ₹848 crore
  • NHB, as a Central Nodal Agency (CNA) for implementation of CLSS. As on 31-12-2017, NHB disbursed an interest subsidy of ₹1600 crore to 113 Primary Lending Institutions
  • A 24×7 on-line portal was developed and implemented for PLIs to lodge CLSS claims in order to reduce the turnaround time at NHB for processing interest subsidy under CLSS
  • 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
  • Government of India announced the establishment of Affordable Housing Fund in NHB
  • Cumulative Refinance Disbursements crossed ₹2 lakh crore mark
  • The Total Assets of the Bank crossed ₹75,000 crore
  • Refinance Disbursements of the Bank crossed ₹25,000 crore
  • Refinance Outstanding of the Bank crossed ₹69,000 crore
  • Pursuant to the announcement in the Union Budget 2019, necessary amendments were proposed in the National Housing Bank Act 1987. Department of Financial Services, Ministry of Finance vide notification No. S.O.2902 (E) dated 09.08.2019 has notified 09.08.2019, as the date from which the provisions of Part VII of Chapter VI of the Finance (No.2) Act, 2019 shall come into force. Accordingly w.e.f. 09.08.2019, the regulation of HFCs stands transferred to RBI.
  • Outstanding refinance increased from ₹ 69,095 crore to ₹ 82,753 crore
  • Total refinance disbursements crossed ₹30,000 crore
  • Disbursement of ₹ 9,244 crore under the Liquidity Infusion Facility (LIFt) Scheme
  • Of the total amount of ₹ 10,000 crore allocated by RBI under Special Liquidity Facility (SLF), disbursement of ₹ 9,537 crore was made under NHB’s Special Refinance Facility (SRF) Scheme
  • For the first time 3 Small Finance Banks were added as new clients
  • Subsidy of ₹7,572 crore benefitting 3,31,924 households was disbursed under PMAY-CLSS with a cumulative disbursement of ₹21,633 crore benefitting 9,55,288 households
  • Total refinance disbursements of ₹34,230 crore in June’21 as compared to₹ 31,258 crore during previous year, an increase of about 9.51 per cent.
  • Affordable Housing Fund disbursements increased from ₹4,888 crore to ₹ 9,631 crore during June’20 to June’21.
  • Disbursement of ₹ 452 crore under the Special Refinance Facility (SRF) scheme.
  • Out of total ₹ 5,000 crore allocated by RBI under Additional Special Liquidity Facility (ASLF), disbursement of ₹ 3,927 crore made under NHB’s Additional Special Refinance Facility (ASRF) scheme till June’21.
  • Out of total ₹10,000 crore allocated by RBI under Special Liquidity Facility-2 (SLF-2), disbursement of ₹7,662 crore made under NHB’s Special Refinance Facility 2021 (SRF-2021) Scheme till June 30, 2021.
  • For promoting Green Housing under the NHB-AfD program, ₹225 crore disbursed.
  • Bank launched an ‘Online Inspection Report System’ during FY21, to digitize and ease the process of submission of reports.
  • Embarked on an ambitious project “Automated Data Flow System (ADF)”, to receive granular data from HFC systems to NHB systems in a seamless, automated manner without manual intervention based on set frequencies.
  • A subsidy of ₹8,325 crore benefitting 3.61 lakh households was disbursed during 2020-21 under PMAY-CLSS with a cumulative disbursement of ₹29,958 crore benefitting 13.16 lakh household till June 30, 2021.
  • To track the movement in prices of residential properties in 50 select cities, NHB published NHB RESIDEX, on a quarterly basis till March 2021.