NHB Current Affairs
Union government has appointed Sriram Kalyanaraman as the Managing Director (MD) and Chief Executive Officer (CEO) of National Housing Bank (NHB) for a period of five years.
With this he became the first person from private sector to be appointed as head of a public sector financial institution.
Presently, Kalyanaraman is director-business development Equifax Credit Information Services. Prior to joining Equifax, he was Director, Business Clients and Asset Products at Deutsche Bank India.
About National Housing Bank (NHB)
- NHB is apex regulator for housing finance sector and a wholly owned subsidiary of Reserve Bank of India (RBI).
- Established: in 1988 under the National Housing Bank Act, 1987.
- It is a principal agency to promote housing finance institutions at local and regional levels. It also provides financial and other support to institutions related to this sector.
- Function: Register, regulate and supervise Housing Finance Company (HFCs) and keep surveillance on them through On-site & Off-site Mechanisms. It also co-ordinates with other Regulators.