Subsidiaries
Banking · सहायक कंपनियां
📋Quick Overview
The RBI has established several important subsidiaries and financial institutions to promote development in specific sectors. Key institutions include NABARD (rural & agriculture development), SIDBI (small industries), EXIM Bank (foreign trade), NHB (housing finance), and DICGC (deposit insurance). BRBNMPL (Bharatiya Reserve Bank Note Mudran Private Limited) is a wholly owned subsidiary of RBI that prints bank notes. These institutions play crucial roles in India's financial ecosystem.
📖Important Financial Institutions
| Institution | Full Name | Established | Purpose | Committee |
|---|---|---|---|---|
| NABARD | National Bank for Agriculture and Rural Development | 1982 (12 July) | Rural & agriculture credit, refinancing | Shivaraman Committee (B. Sivaraman) |
| SIDBI | Small Industries Development Bank of India | 1990 (2 April) | Financing small & micro enterprises | Set up under SIDBI Act 1989 |
| EXIM Bank | Export-Import Bank of India | 1982 (1 January) | Financing foreign trade (exports & imports) | Set up under EXIM Bank Act 1981 |
| NHB | National Housing Bank | 1988 (9 July) | Housing finance regulation & promotion | Subsidiary of RBI |
| DICGC | Deposit Insurance and Credit Guarantee Corporation | 1978 | Insures bank deposits up to ₹5 lakh per depositor per bank | Wholly owned by RBI |
| BRBNMPL | Bharatiya Reserve Bank Note Mudran Pvt Ltd | 1995 | Printing of bank notes | Wholly owned subsidiary of RBI |
📝NABARD — Key Facts
- •Established: 12 July 1982 on the recommendation of Shivaraman Committee
- •Headquarters: Mumbai
- •Apex institution for rural credit and agriculture finance
- •Refinances banks (RRBs, co-operative banks, commercial banks) for rural lending
- •Supervises Regional Rural Banks (RRBs) and co-operative banks
- •Replaced ARDC (Agricultural Refinance and Development Corporation)
- •Government of India holds 100% stake (transferred from RBI in 2019)
📝DICGC — Deposit Insurance
- •Insures deposits in all commercial banks, RRBs, co-operative banks, Local Area Banks, Payment Banks
- •Coverage: up to ₹5 lakh per depositor per bank (raised from ₹1 lakh in 2020)
- •Covers all types of deposits: savings, FD, current, recurring
- •Premium paid by the bank, NOT by the depositor
- •DICGC is a wholly owned subsidiary of RBI