Housing is a basic need and to fulfill this need, housing finance sector plays an important role. In this document, we will see which are the governing and regulatory bodies for housing finance sector in India?

1. List of governing and regulatory bodies for
Housing Finance sector in India
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List of governing and regulatory bodies for Housing
Finance sector in India:
Regulator Set up By Mandate Key Functions
Reserve Bank of India
(RBI)
The Government of
India under the
Reserve Bank Act,
1934
To regulate the issue of
Bank Notes and
keeping of reserves
with a view to securing
monetary stability in
India and generally to
operate the currency
and credit system of
the country to its
advantage
Formulates; implements and monitors
the monetary policy.
Prescribes broad parameters of
banking operations within which the
country's banking and financial
system functions.
Facilitates setting up of foreign
bank/company: Application for
permission to open a branch, a
project office or liaison office by a
foreign company is made via the
Reserve Bank of India by submitting
form FNC-5 to the Controller, Foreign
Investment and Technology Transfer
Section of the Reserve Bank of India.
Performs merchant banking function
for the central and the state
governments; also acts as their
banker.
Dispenses Finances to NHB
Central point for registration of
Finance Companies.
National Housing Bank
(NHB)
The Government of
India under the National
Housing Bank Act,
1987
To function as a
principal agency to
promote Housing
Finance Institutions
and to provide financial
and other support to
such institutions
Issue directives to housing finance
institutions to ensure their growth on
sound lines.
Grant loans and advances and
render any other form of financial
assistance to scheduled banks and
housing finance institutions or to any
authority established by or under any
Central, State or Provincial Act and
engaged in slum improvement.
Formulate schemes for the purpose
of mobilization of resources and
extension of credit for housing.
Provide Certificate of Registration to
Housing Finance companies.

2. List of governing and regulatory bodies for
Housing Finance sector in India
Aggregated and Prepared by: www.nirrtigo.com
Green Realtech Projects Pvt. Ltd
Real Estate Projects India | User Ratings & Reviews | Common Cause | Discussions | Research Page
Regulator Set up By Mandate Key Functions
National Bank for
Agricultural and Rural
Development
(NABARD)
The Reserve Bank of
India
To facilitate credit flow
for promotion and
development of
agriculture, small scale
industries, cottage and
village industries,
handicrafts and other
rural crafts.
Providing refinance to lending
institutions in rural areas.
Bringing about or promoting industrial
development.
Evaluate, monitor and inspect client
banks.
Act as a coordinator in the operations
of rural credit institutions.
Act as a regulator for cooperative
banks and Regional Rural Banks.
Extend assistance to the
Government, RBI and other
organizations in matters related to
rural development.
Help the State Governments in
reaching their targets of providing
assistance to eligible institutions in
agricultural and rural development.
Securities and
Exchange Board of
India (SEBI)
The Government of
India under
the Securities and
Exchange Board of
India Act, 1992
To protect the interests
of investors in
securities and to
promote the
development of, and to
regulate the securities
market and for matters
connected therewith or
incidental thereto
Regulate the business in stock
exchanges and any other securities
markets.
Register and regulate the working of
the intermediaries.
Register and regulate mutual funds,
venture capital funds, and collective
investment schemes.
Promote and regulate self regulatory
organizations.
Prohibit fraudulent and unfair trade
practices in the securities market.
Prohibit insider trading.
Educate investors and train
intermediaries.
Conduct inspection and inquiries.

3. List of governing and regulatory bodies for
Housing Finance sector in India
Aggregated and Prepared by: www.nirrtigo.com
Green Realtech Projects Pvt. Ltd
Real Estate Projects India | User Ratings & Reviews | Common Cause | Discussions | Research Page
Regulator Set up By Mandate Key Functions
Ministry of Corporate
Affairs (MCA)
Government of India
Regulating the
functioning of the
corporate sector in
accordance with law
Administer the Companies Act, 1956
and the Monopolies and Restrictive
Trade Practices Act, 1969.
Administer The Chartered
Accountants Act, 1949, The Cost and
Works Accountants Act, 1959 and
The Company Secretaries Act, 1980.
Protect interests of investors as
promised in National Common
Minimum Programme (NCMP)
Promote good corporate governance
amongst the companies and bring in
institutional reforms in terms of
decentralization, simplification,
transparency, accountability & e-
governance
Source: National Housing Bank
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