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of <h1>Finance Act 2019 amends Section 29B of National Housing Bank Act, shifting regulatory powers to Reserve Bank.</h1> Section 29B of the National Housing Bank Act, 1987, has been amended by the Finance (No. 2) Act, 2019. The term 'housing finance institution' is replaced with 'housing finance institution which is a company.' References to the 'National Housing Bank' in subsections (1), (2), and (3) are replaced with 'Reserve Bank.' Additionally, the authority to set a higher percentage not exceeding twenty-five percent is transferred from the National Housing Bank to the Reserve Bank. These changes reflect a shift in regulatory oversight from the National Housing Bank to the Reserve Bank.
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