RBI invites applications for NHB Chairman's post again

The Reserve Bank of India (RBI) is still looking for a chairman of the housing finance regulator National Housing Bank (NHB), even though eight months have passed since it first came out with an advertisement inviting applications for the post.

Last year in April, the Reserve Bank came out with the advertisement for the NHB chief. The vacancy was created following the appointment of its earlier head S Sridhar as the chairman and managing director of state-owned Central Bank of India.

The chairman, according to the advertisement issued today, will be responsible for overall development and day-to-day running of NHB, which is a wholly-owned subsidiary of RBI.

The chairman will be required to lead an inter-disciplinary team, interact with the central and state governments, financial institutions, banks, global agencies and others, and will be accountable to the board, it said.

The interested persons can send their applications to RBI within a fortnight, it said.

NHB was set up in 1987 through an Act of Parliament to function as a principal agency to promote housing finance institutions and to provide financial and other support to such institutions.

The institute has been playing a vital role in financing of the real estate sector, now reeling under the impact of the economic slowdown.