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of <h1>Finance Bill 2019 amends Section 29C of National Housing Bank Act, shifting reserve fund oversight to Reserve Bank.</h1> Clause 155 of the Finance (No. 2) Bill, 2019 proposes amendments to section 29C of the National Housing Bank Act, 1987. The amendments involve replacing references to the 'National Housing Bank' with the 'Reserve Bank' in various parts of the section. Specifically, the amendments substitute the entity responsible for specifying and reporting reserve fund requirements from the National Housing Bank to the Reserve Bank. Additionally, the proviso is modified to include both the National Housing Bank and the Reserve Bank in its provisions, enhancing the regulatory oversight by involving the Reserve Bank.
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