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    Question

    National Housing Bank (NHB), is a wholly owned

    subsidiary of _________
    A RBI Correct Answer Incorrect Answer
    B Government of India Correct Answer Incorrect Answer
    C SIDBI Correct Answer Incorrect Answer
    D State Government Correct Answer Incorrect Answer
    E SBI Correct Answer Incorrect Answer

    Solution

    National Housing Bank (NHB) is an apex level institution for housing. NHB was set up on July 9, 1988 under the National Housing Bank Act, 1987. NHB was a wholly owned by Reserve Bank of India up until March 19, 2019. RBI sold its entire stake in NHB to Government of India on March 19, 2019.

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