Banking Organizations

The Asian Infrastructure Investment Bank

The Asian Infrastructure Investment Bank The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank (MDB) conceived for the 21st century. The Bank's foundation is built on the lessons of experience of existing MDBs and the private sector. Its modus operandi will be lean, clean and green:    Lean- with a small efficient management team and highly skilled staff;  Clean- an ethical organi Read More


New Development Bank BRICS

New Development Bank BRICS   The New Development Bank BRICS (NDB BRICS), formerly referred to as the BRICS Development Bank, is multilateral development bank operated by the BRICS states (Brazil, Russia, India, China and South Africa) as an alternative to the existing US-dominated World Bank and International Monetary Fund. It has headquarters in Shanghai, China. The Bank is set up to boost infrastructure funding in the emergi Read More


Bharatiya Reserve Bank Note Mudran Private Limited

Bharatiya Reserve Bank Note Mudran Private Limited Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) is one of the wholly owned subsidiaries of the Reserve bank of India (RBI), others being DICGC, NABARD and NHB. It was established on 3rd February 1995 with a view to produce bank notes in India and enable RBI to bridge the gap between the supply and demand for bank notes in the country. The BRBNMPL has been registered as a Priva Read More


Security Printing and Minting Corporation of India Limited

Security Printing and Minting Corporation of India Limited Security Printing and Minting Corporation of India Limited (SPMCIL) was incorporated on 13 January 2006 under the Companies Act, 1956 with its headquarters in New Delhi. It is a Miniratna Company and is wholly owned by the Government of India.  The work of SPMCIL includes manufacturing of security paper, minting of coins, printing of currency and bank notes, non-judicial s Read More


Bank for International Settlements

Bank for International Settlements Bank for International Settlements (BIS) was established on 17 May 1930. The head office is in Basel, Switzerland and there are two representative offices: in the Hong Kong Special Administrative Region of the People’s Republic of China and in Mexico City.  BIS is the world’s oldest international financial organisation. It has 60 member central banks, representing countries from aroun Read More


Export Credit Guarantee Corporation of India Ltd. (ECGC)

Export Credit Guarantee Corporation of India Ltd. (ECGC)   Export Credit Guarantee Corporation of India Ltd. (ECGC) is a Government of India Enterprise founded on 30 July 1957. Its headquarters are in Mumbai, Maharashtra. ECGC provides export credit insurance facilities to exporters and banks in India. It was established to enable exporters to expand their overseas business without fear of loss It functions under the admin Read More


International Monetary Fund (IMF)

International Monetary Fund (IMF) The International Monetary Fund (IMF) is an international organization which promotes international monetary cooperation and provides policy advice and technical assistance to help countries build and maintain strong economies.IMF1 Nauru has become the 189th member of the International Monetary Fund and the World Bank in April 2016. India joined the IMF in 1945 (when it was created). The resources Read More


Regional Rural Banks

Regional Rural Banks Regional Rural Banks (RRBs) were established in 1975 under the provisions of the Ordinance promulgated on the 26th September 1975 and followed by Regional Rural Banks Act, 1976 with the aim of developing rural economy in all areas like agriculture, trade, commerce, industry and other productive activities in the rural areas, credit and other facilities, particularly to small and marginal farmers, agricultural labourers Read More


WORLD BANK

WORLD BANK  The World Bank is an international financial institution that provides credit to developing countries for the projects which lead to the economic development of the country. Its Motto is – Working for a World Free of Poverty.poverty   World Bank presently is made up of 189 member countries. Tiny South Pacific island nation Nauru has become the 189th member of the International Monetary Fund and the World Read More


Deposit Insurance and Credit Guarantee Corporation (DICGC)

Deposit Insurance and Credit Guarantee Corporation (DICGC) DICGC is one of the wholly owned subsidiary of the Reserve bank of India (RBI). It was established on 15 July 1978 under Deposit Insurance and Credit Guarantee Corporation Act, 1961 for the purpose of providing insurance of deposits and guaranteeing of credit facilities to the customers of banks. This means that the money of customers who deposit money in the banks is insured b Read More


Credit Information Bureau (India) Limited

Credit Information Bureau (India) Limited Credit Information Bureau (India) Limited or CIBIL is India’s first Credit Information Company (CIC) founded in August 2000. The company plays a critical role in India’s financial system. CIBIL’s corporate office is in Mumbai, Maharashtra. Whether it is to help loan providers manage their business or help consumers secure credit faster and at better terms, the use of CIBIL&rsq Read More


Reserve Bank of India

Reserve Bank of India    Establishment: The Reserve Bank of India was established on April 1, 1935 under  the Reserve Bank of India Act, 1934. Though initially RBI was privately owned, it was nationalized in 1949. The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937.   Objective: The Main objectives of the Reserve Bank is : “to Read More


Exim Bank of India

Exim Bank of India Export-Import or Exim Bank of India was established on January 1st, 1982. The Bank fills an institutional gap in the area of financing India’s international trade. With its setting up, a long felt need for an apex bank that can function as the principal financial institution for interfacing with institutions engaged in financing export and import trade was fulfilled. In 1983, Bank introduced a new facility under th Read More


National Payments Corporation of India (NPCI)

National Payments Corporation of India (NPCI) National Payments Corporation of India (NPCI) is an umbrella organization for all retail payments system in India. It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA).   Why was NPCI set up? Before NPCI, there were many systems providing different services at different levels. So NPCI was proposed so as to con Read More


State Bank of India

State Bank of India State Bank of India is a public sector banking and financial services company. It has its headquarters in Mumbai, Maharashtra. It has 14 regional hubs and 57 Zonal Offices that are located at important cities throughout India. It has nearly 16000 branches in India presently, of which 9,851 (66%) were in Rural and Semi-urban areas. It has near about 200 overseas branches spread over 36 countries. On 7 October 2013, A Read More


Credit Rating Agencies in India

Credit Rating Agencies in India A credit rating agency is a company which rates the debtors on the basis of their ability to pay back the debt in timely manner. They rate large scale borrowers, whether companies or governments. There are three big credit rating agencies in the world which are Standard and Poor’s (S&P), Moody’s and Fitch Ratings.   There are mainly 4 credit rating agencies in India which are Read More


National Bank for Agriculture and Rural Development (NABARD)

National Bank for Agriculture and Rural Development (NABARD) National Bank for Agriculture and Rural Development (NABARD) is an apex development bank for rural areas in India which means that it acts as a bank for other banks working for rural upliftment in India. It was established on 12 July 1982 by Act 61, 1981 of parliament. Its headquarters is in Mumbai, Maharashtra. NABARD was established on the recommendations of the Committee t Read More


Small Industries Development Bank of India (SIDBI)

Small Industries Development Bank of India (SIDBI) Small Industries Development Bank of India (SIDBI) was set up on April 2, 1990 under an Act of Indian Parliament. It has its head office in Lucknow, Uttar Pradesh. It was set up to promote, finance and develop the Micro, Small and Medium Enterprise (MSME) sector and for coordinating the functions of the institutions engaged in similar activities.   Mission of SIDBI: &ldquo Read More


Micro Units Development and Refinance Agency Bank (MUDRA Bank)

Micro Units Development and Refinance Agency Bank (MUDRA Bank) Micro Units Development and Refinance Agency Bank (MUDRA Bank) was set up as a public sector financial institution on 8 April 2015 under Pradhan Mantri MUDRA Yojana (PMMY). It is set up to provide loans at low rates to Micro-Finance Institutions (MFIs) and Non-Banking Financial Companies (NBFCs) which then provide credit to MSMEs.   Formation of MUDRA Bank: The Read More


Securities and Exchange Board of India (SEBI)

Securities and Exchange Board of India (SEBI) The Securities and Exchange Board of India (SEBI) was established in the year 1988 SEBIand given statutory powers on 12 April 1992 through the SEBI Act, 1992. SEBI was set up to regulate the functions of securities market. Its headquarters is in Mumbai, and has Northern, Eastern, Southern and Western Regional Offices in New Delhi, Kolkata, Chennai and Ahmedabad respectively. There are local Read More





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