National Housing Bank is a subsidiary of ______________.

The correct answer is option 3) i.e. GOI.

• GOI wholly owns NHB from 1st May 2019, as Government of India brought all its shares from RBI as per the recommendation of Narasimham - II committee report of October 2001.
• National Housing Bank (NHB), was a wholly-owned subsidiary of Reserve Bank of India (RBI).
• It was set up on 9 July 1988 under the National Housing Bank Act, 1987.
• NHB is an apex financial institution for housing.