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The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following?

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The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following?

(a) State Bank of India

(b) Reserve Bank of India

(c) ICICI Bank

(d) Life Insurance Corporation of India
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(b) National Housing Bank has been set up under the National Housing Bank Act of 1987, which was passed on 9th July, 1988. It is wholly owned by the Reserve bank of India and was created to encourage housing, finance institutions and provide them with financial support.

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