How to access Four Square Payments in India - National Housing Bank NHB, India

　　National Housing Bank of India NHB Details

　　I. About the National Housing Bank of India NHB

　　National Housing Bank (NHB) is a statutory body established by the Parliament of India on 9 July 1988 under the National Housing Bank Act, 1987.The NHB is a statutory body established by the Parliament of India on 9 July 1988 under the National Housing Bank Act, 1987 under the National Housing Bank Act, 1987 under the National Housing Bank Act, 1987 under the National Housing Bank Act, 1987 under the National Housing Bank Act. Since 24 April 2019, NHB is wholly owned by the Government of India and is headquartered in New Delhi.The Board of Directors of NHB is responsible for the general supervision, direction and management of its affairs and operations.

　　II. Background to the establishment of NHB

　　During the Seventh Five Year Plan of India (1985-90), the Government found that individual households had little access to long term finance and hence the proposal to set up a national level institution to bridge the gap of long term finance in the housing sector. Subsequently, the National Housing Bank (NHB) was set up on the recommendation of the Committee of Secretaries headed by Dr C Rangarajan.

　　III. Objectives of the NHB

　　The NHB was established with the objectives of, inter alia, promoting viable and cost-effective housing finance systems that meet the needs of all segments of the population, regulating the activities of the Housing Finance Corporation, increasing the resources of the housing sector, making housing credit more affordable, providing support to housing finance institutions, increasing the supply of buildable land and building materials in the housing sector and encouraging public authorities to become facilitators and providers of serviced land for housing.

　　IV. Organisational structure of the NHB

　　The governance and regulation of NHB is the responsibility of the Board of Directors, while the Finance Bill, 2019 amended the National Housing Bank Act, 1987 to vest the regulatory powers of the Housing Finance Corporation (HFC) in the Reserve Bank of India (RBI).

　　V. Functions of the NHB

　　NHB's functions include regulating housing corporations, granting housing loans, registering housing finance companies, refinancing housing finance companies, complying with regulatory rules, and auditing housing corporations.

　　VI. Importance of NHB

　　NHB plays an important role in regulating the housing finance industry, ensuring liquidity in the housing sector, and promoting the housing sector.

　　VII. Advantages of NHB

　　The existence of the NHB has provided the Indian government sector with an agency specialising in housing finance infrastructure development, enabling easy access to refinancing options for corporates and providing guarantees to small housing finance companies.

　　VIII. National Housing Bank - RESIDEX

　　NHB-RESIDEX is India's first official housing price index designed to track changes in house prices at the neighbourhood, city and national levels. The index forecasts the future behaviour of the housing market and helps banks, HFCs, developers and home buyers determine property prices.

　　IX. Conclusion

　　The National Housing Bank of India (NHB) is an autonomous institution that meets the financing needs of housing finance companies by raising funds for subsequent refinancing or through guarantees.