Economics • Banking & FinanceMedium
Which institution in India regulates and supervises Housing Finance Companies (HFCs)?
A. National Housing Bank (NHB)
B. Reserve Bank of India (RBI)✓ Correct Answer
C. Securities and Exchange Board of India (SEBI)
D. Insurance Regulatory and Development Authority of India (IRDAI)
💡 Solution & Explanation
The Reserve Bank of India assumed direct regulatory and supervisory powers over Housing Finance Companies following amendments introduced through the Finance Act of 2019. Previously, the National Housing Bank held these regulatory functions before regulatory harmonization shifted the mandate to the central bank.
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