Financial Bodies
Abbreviations · वित्तीय निकाय
📋Quick Overview
Financial regulatory bodies and institutions are frequently asked in competitive exams. Questions cover full forms, establishment years, and headquarters of bodies like SEBI, IRDA, PFRDA, IRDAI, and others.
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SEBI (Securities and Exchange Board of India) was established in 1988, given statutory powers in 1992. HQ: Mumbai.
📖Indian Financial Regulators & Institutions
| Abbreviation | Full Form | Hindi Meaning |
|---|---|---|
| SEBI | Securities and Exchange Board of India | भारतीय प्रतिभूति एवं विनिमय बोर्ड |
| IRDAI | Insurance Regulatory & Development Authority of India | भारतीय बीमा विनियामक एवं विकास प्राधिकरण |
| PFRDA | Pension Fund Regulatory & Development Authority | पेंशन निधि विनियामक एवं विकास प्राधिकरण |
| NABARD | National Bank for Agriculture & Rural Development | राष्ट्रीय कृषि और ग्रामीण विकास बैंक |
| SIDBI | Small Industries Development Bank of India | भारतीय लघु उद्योग विकास बैंक |
| EXIM Bank | Export Import Bank of India | भारतीय निर्यात-आयात बैंक |
| NHB | National Housing Bank | राष्ट्रीय आवास बैंक |
| IDBI | Industrial Development Bank of India | भारतीय औद्योगिक विकास बैंक |
| LIC | Life Insurance Corporation of India | भारतीय जीवन बीमा निगम |
| GIC | General Insurance Corporation of India | भारतीय साधारण बीमा निगम |
| MUDRA | Micro Units Development & Refinance Agency | सूक्ष्म इकाई विकास एवं पुनर्वित्त एजेंसी |
| DICGC | Deposit Insurance & Credit Guarantee Corporation | जमा बीमा एवं साख गारंटी निगम |
| IBBI | Insolvency and Bankruptcy Board of India | भारतीय दिवाला एवं शोधन अक्षमता बोर्ड |
| DRT | Debt Recovery Tribunal | ऋण वसूली न्यायाधिकरण |
| CAG | Comptroller and Auditor General of India | भारत के नियंत्रक एवं महालेखा परीक्षक |
📖Key Details of Financial Bodies
| Body | Established | HQ | Function |
|---|---|---|---|
| SEBI | 1988 (statutory 1992) | Mumbai | Regulates stock markets |
| IRDAI | 1999 | Hyderabad | Regulates insurance sector |
| PFRDA | 2003 (statutory 2013) | New Delhi | Regulates pensions |
| NABARD | 1982 | Mumbai | Agriculture & rural finance |
| SIDBI | 1990 | Lucknow | Small industries finance |
| LIC | 1956 | Mumbai | Life insurance |
| MUDRA | 2015 | Mumbai | Micro enterprise loans |