APEX INSTITUTIONS OF INDIA

Presented by : Alisha

RBI

NABARD EXIM SIDBI NHB

RESERVE BANK OF INDIA

 India's central banking institution, which formulates the monetary policy and regulates other banks

Was established on April 1,1935 under the reserve bank of India act ,1934.

The current Governor of RBI is Duvvuri Subbarao. His successor is Dr. Raghuram Rajan, whose three-year term will begin on 5 September 2013.

Functions of RBI• Formulates and implements monetary

and credit policies1

• Functions as banker’s bank2

• Issuer of currency3

• Banking Ombudsman Scheme4

• Considered as lender of last resort5

Rates decided by RBI

Repo Rate 7.25%(as on 18-08-2013)

Reverse Repo Rate 6.25%

Cash Reserve Ratio (CRR) 4%

Statutory Liquidity Ratio (SLR) 23.0%

Base Rate 9.70%–10.25%

NEWS

RBI bans import of gold coins, medallions without licence

August 14,2013 The

Economic Times

NABARD

Was established on 12 July 1982 by National Bank for Agriculture and Rural Development Act 1981.

Its main focus was to uplift rural India by increasing the credit flow for agriculture & rural non farm sector .

RBI holds 50% of capital of NABARD.

Role

Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas

NABARD refinances the financial institutions which finances the rural sector.

It regulates the institution which provides financial help to the rural economy.

It provides training facilities to the institutions working the field of rural upliftment

To Sanction refinance assistance for government sponsored programs such as rozgar yojna etc.

NEWS

NABARD sanctions Rs 238.65 crore for road and drinking water projects in Haryana

Aug 12, 2013 The Economic Times

SIDBI

Established on April 2, 1990 by the Small Industries Development Bank of India Act, 1989

was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India.

 for the Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector.

NEWS

SIDBI to contribute Rs 180 crore to India opportunity fund.

July 20,2013

Hindustan Times

EXIM

was established in March 1982, under a Export Import Bank of India Act 1981.

The Bank’s principal focus is on promoting India’s exports.

RBI holds 100% share capital of EXIM.

NEWS

$125 mn Exim Bank LOC for Sudan project

 August 12, 2013

Times of India

NHB

was set up on July 9, 1988 under the National Housing Bank Act, 1987.

The Head Office of NHB is at New Delhi.

NEWS

NHB partners World Bank for housing project

August 15,2013

The Economic Times