Economics • Banking & FinanceMedium
Which entity regulates and supervises Housing Finance Companies (HFCs) in India?
A. National Housing Bank (NHB) as a wholly owned subsidiary of the Reserve Bank of India✓ Correct Answer
B. Securities and Exchange Board of India (SEBI)
C. Insurance Regulatory and Development Authority of India (IRDAI)
D. Ministry of Housing and Urban Affairs
💡 Solution & Explanation
Regulatory and supervisory authority over Housing Finance Companies in India rests with the Reserve Bank of India, operating through its regulatory framework after amendments shifted oversight from the National Housing Bank's standalone independent status. SEBI regulates capital markets, while IRDAI governs insurance firms.
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