FINANCIAL INSTITUTION OF
INDIA
GOKULRAJ
SIDBI üHeadquarters: Lucknow
Small Industries Development Bank of India üEstablished: 1990
üPresent chairman: Shri Sivasubramanian Ramann
üAuthorized capital: 1000 crore
üPaid up capital: 450 crore
üWas a wholly owned subsidiary of IDBI when
formed.
üProvides finance for the growth and development
of MSMEs. It also refinances the loans provided
by the lending institutions to the small industrial
units. It also offers facilities of bills rediscounting,
lines of credit and resource support mechanisms
to route assistance to SSI sector through a
network of banks and State level financial
institutions.
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IDBI üEstablished : 1964
Industrial Development Bank of India üHead quarters: Mumbai
üPresent chairman: Mr. T. N. Manoharan
üInitially was a subsidiary of RBI and later
transferred to GoI.
ü IDBI provides financial assistance, both in rupee
and foreign currencies, for green-field projects
and also for expansion, modernisation and
diversification purposes. LIC of India completed
acquisition of 51% controlling stake in IDBI Bank
on January 21, 2019 making it the majority
shareholder of the bank. It provides technical and
administrative assistance for promotion,
management and expansion of industry
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NABARD üEstablished: 1982
National Bank for Agricultural and Rural üHeadquarters: Mumbai
Development
üPresent chairman: Shri Shaji K V
üWas established on the recommendations of the
Sivaraman Committee under the NABARD Act
1981
üNABARD is the apex institution that provides
finance to the agricultural sector, small-scale
industries, cottage and village industries,
handicrafts and other rural crafts and other allied
economic activities in rural areas.. Acts as the
regulator for Regional Rural Banks. Provides
refinance to lending institutions in rural areas.
NABARD also extends refinance to banks for
financing various Government sponsored
programmes and for development of no
conventional energy sources
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NHB üEstablished: 1988
National Housing Bank üHeadquarters: New Delhi
üPresent chairman: S K Hota
üAuthorized capital: 2000 crore
üSubscribed capital: 1450 crore
üEarlier it was a wholly owned subsidiary of RBI,
but now it was wholly owned by Government of
India.
üNHB is an apex agency established to operate as
the principal agency to promote housing finance
institutions in India both at local and regional
levels and to provide financial and other support
incidental to such institutions. It was formed upon
the recommendation of C Rengarajan committee.
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EXIM BANK üEstablished: 1982
Export Import Bank üHeadquarters: Mumbai
üPresent Chairman: Mr. Dinesh Kumar Khara
üAuthorised capital: 20,000 crore (previously
10,000 crore, doubled last year)
üGovernment has planned to infuse Rs. 1300 crore
into EXIM bank in the next financial year.
üThe Export-Import (EXIM) Bank of India is the
principal financial institution in India for
coordinating the working of institutions engaged
in financing export and import trade. It was
formed for promoting, financing and facilitating
India’s foreign trade. EXIM bank extends Line of
Credit for promoting exports. Exim Bank provides
information, advisory and support services to
enable exporters to evaluate international risks,
exploit export opportunities and improve their
competitiveness. Copyright © Veranda Learning Solutions Limited
ECGC üEstablished: 1957
Export Credit Guarantee Corporation üHeadquarters: Mumbai
üPresent chairman: M. Senthilnathan
üECGC is a wholly owned subsidiary of GoI.
üIt is an export promoting organisation aiming to
enhance the Indian Exports by providing credit
insurance covers. It aims to reduce the risk of
payments for Indian exporters. It also helps the
exporters in getting access to export credits. It
guides the exporters in export related activities
and makes them accessible to information related
to the credit worthiness of foreign buyers with its
credit ratings.
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DICGC üEstablished: 1961
Deposit Insurance and Credit Guarantee üHeadquarters: Mumbai
Corporation.
üPresent chairman: Dr. M.D. Patra
üDICGC is a wholly owned subsidiary of RBI.
üDICGC provides deposit insurance, which is a
protection cover for deposit holders in a bank
when the bank fails and does not have money to
pay its depositors. DICGC insures all bank
deposits, such as savings, fixed, current and
recurring deposit for up to the limit of Rs 5 lakh
(earlier it was Rs. 1 lakh) per bank. DICGC covers
depositors of all commercial banks and foreign
banks operating in India, state, central and urban
co-operative banks, local area banks and regional
rural banks provided the bank has bought the
cover from DICGC.
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MUDRA BANK üEstablished: 2015
Micro Units Development and Refinance üHeadquarters: Mumbai
Agency
üChairman: Shri Vinay Hedaoo
üThe MUDRA banks were set up under the
Pradhan Mantri MUDRA Yojana scheme.
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