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.
  • NHB is wholly owned by Reserve Bank of India, which 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 –

  1. 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.
  2. To promote a network of dedicated housing finance institutions to adequately serve various regions and different income groups.
  3. To augment resources for the sector and channelise them for housing.
  4. To make housing credit more affordable.
  5. To regulate the activities of housing finance companies based on regulatory and supervisory authority derived under the Act.
  6. To encourage augmentation of supply of buildable land and also building materials for housing and to upgrade the housing stock in the country.
  7. To encourage public agencies to emerge as facilitators and suppliers of serviced land, for housing.

Board of Directors

Shri Sriram Kalyanaraman
Managing Director & Chief Executive Officer
Shri R. Gandhi
Deputy Governor, Reserve Bank of India
(under Section 6(1) (d) of the National Housing Bank Act, 1987)
Shri Pankaj Jain, IAS, 
Joint Secretary to the Government of India, Ministry of Finance 
(under Section 6(1) (e) of the National Housing Bank Act, 1987)
Shri Rajiv Ranjan Mishra, IAS, 
Joint Secretary to the Government of India, Ministry of Housing and Urban Poverty Alleviation
(under Section 6(1) (e) of the National Housing Bank Act, 1987)
Shri Malay Shrivastava, IAS
Principal Secretary,
Urban Development and Environment Department,

Government of Madhya Pradesh
Shri Sadakant, IAS
Principal Secretary,
Housing and Urban Planning Department,

Government of Uttar Pradesh

Executive Committee of Directors

Shri Sriram Kalyanaraman, Managing Director & Chief Executive Officer
Shri Pankaj Jain, Member
Shri Rajeev Ranjan Mishra, Member
Shri Malay Shrivastava,  Member

Audit Committee of the Board

Shri Pankaj Jain,, Chairman
Shri Rajiv Ranjan Mishra, Member
Shri Malay Shrivastava, Member


NHB is a lean, officer oriented, professionally managed institution with its headquarters in Delhi and offices in Mumbai, Hyderabad, Bangalore, Chennai, Kolkata, Lucknow and Ahmedabad. It has 84 professionals at different levels. NHB is committed to pursuit of excellence through innovation, doer work culture and contemporary work practices with technology intervention. It has the following Departments, apart from NHB RESIDEX Cell for handling residential index activities –

  1. Department of Regulation and Supervision
  2. Refinance Operations Department
  3. Project Finance and Technology Promotion Department
  4. Resource Mobilization and Management Department
  5. Risk Management Department
  6. Business Planning and Promotion Department
  7. Market Research, Consultancy and Policy Department
  8. Credit Guarantee Fund Trust Cell
  9. Information Technology Department
  10. Legal Department
  11. Administration, HR and Premises Department
  12. Accounts Department
  13. All Audits Department
  14. Board and CMD Secretariat

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 Subhash
Manager & Regional Resident Representative

Contact No. +91-8155878644

National Housing Bank,
Representative Office - Ahmedabad
Mezzanine Floor, G-7, Sakar-I,
Opposite Gandhigram Station,
Ashram Road,
Ahmedabad – 380009

e-mail : roahm@nhb.org.in


Shri Hemkumar
Gopalakrishnan Manager & Regional Resident Representative Contact No.+91-9731396797

National Housing Bank
Representative Office- Banagalore
1st Floor, Jeevan Sudha
(LIC) Building
24th Main, J. P. Nagar
1st Phase
Bangalore- 560078

Phone No. +91-80 2665 0534
Fax No. +91-80-2665 0534
e-mail: roblr@nhb.org.in


Shri Vaibhav J Ramteke
Manager & Regional Resident Representative

Contact No. +91-9818392483

National Housing Bank
(adjacent to Training Room)
Reserve Bank of India
Hoshangabad Road,P.B. No.32,
Bhopal-462 011



Shri R. N. Karthikeyan
Manager & Regional Resident Representative
Contact No. +91-9632580388

National Housing Bank
Representative Office- Chennai
M.T.B. Building (North Wing),
Ground Floor, 485, Annasalai, Nandanam,
Chennai 600 035.
Phone No. +91-44-24320761
Fax No. +91-44-24331180
e-mail : rochn@nhb.org.in


Smt.  P. Sreeja
Manager & Regional Resident Representative
Contact No. +91- 7032702737

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 Niladri Bose
Manager & Regional Resident Representative 
Contact No:-+91-9163517770

National Housing Bank
Representative 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



Financial Year

  1.   Refinance Schemes for housing loans
  2.   Schemes for Land Development & Shelter Projects
  3.   Scheme for Equity Participation in Housing Finance Companies (HFCs)/  Building Materials Companies


  1.   Home Loan Account Scheme
  2.   Housing Finance Companies (NHB) Directions, 1989
  3.   Raised Loan of US$25m (first tranche) under USAID Govt. Housing Guaranty Program


  1.   Notified as a Public Financial Institution


  1.   Received a Loan Assistance of Yen 2,970 billion from OECF (now JBIC)
  2.   Scheme for Financing Housing Infrastructure


  1.   Refinance Schemes for Slum Redevelopment Projects


  1.   Launched the issue of Unsecured Bonds
  2.   Guidelines for Prudential Norms for HFCs


  1.   Golden Jubilee Rural Housing Finance Scheme (GJRHFS)
  2.   Issued Tax Free Bonds to finance GJRHFS
  3.   Drawn from ADB US$20m in 1997-98 and US$30m in 1998-99


 Agreement for Cooperation with Canada Mortgage and Housing Corporation for introducing Mortgage Insurance and New Products in the Country


  1.  First Residential Mortgaged Backed Securitization Issue in the Country
  2.  Guidelines for Entry of HFCs into Insurance Business
  3.  Refinance Scheme for reconstruction of dwelling units in the earthquake affected areas in Gujarat


  1.   Credit Enhancement of Bonds floated by HFCs


  1.   Liberalized Refinance Scheme for Housing Loans


  1.   First time provided Corporate Guarantee for RMBS
  2.   New Window of lending to Micro Finance Institutions


  1.   Fraud Management Cell set up to disseminate information on frauds committed on housing loans


  1.   NHB RESIDEX was launched (first official residential housing price index).
  2.   New Products Developed for unserved and underserved segments of Society
    • Reverse Mortgage Loan for Senior Citizens
    • Productive Housing in Rural Areas (PHIRA)
      i.e. Scheme for composite loans (housing and production) to rural families
    • Refinance for Top-up loan for Indira Awas Yojana Beneficiaries
    • Equity Participation in New Rural Housing Finance Companies
    • Occasional Papers & Discussion Papers Series launched


  1.   Rural Housing Fund was created with Rs.1,000 crores allocation
  2.   Rural Housing Microfinance was launched
  3.   NHB-UNESCAP Study on pro-poor housing finance: 7 Asian Countries initiated
  4.   MOC with UNHABITAT signed for water and sanitation projects for housing
  5.   Home Loan Counselling : Diploma programme put in place (IIBF)

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