Which of the following is a subsidiary of RBI?

🔑Key Points:
National Housing Bank is a subsidiary of RBI.
The National Housing Bank (NHB) is India's apex regulatory authority for housing finance enterprises' overall regulation and licensing.
It is governed by the Government of India's Ministry of Finance.
The National Housing Bank Act of 1987 was established on July 9, 1988.
The National Housing Bank (NHB) is the most important financial institution in the housing industry.
NHB was founded with the goal of serving as a primary agency for promoting housing finance institutions at the local and regional levels, as well as providing financial and other support to such institutions and matters related to them.

🛑Important Points:
The National Housing Bank Act of 1987 was revised by the Finance Act of 2019.
The Reserve Bank of India gains regulatory authority over Housing Finance Companies (HFCs) as a result of the change.
The NHB registers and oversees Housing Finance Companies (HFCs), conducts on-site and off-site surveillance, and collaborates with other regulators.