OpenGuide-Financial institutions are the life lines of all the economies.Its their timely intervention which always saves us from great debts like the Greece Debt Crisis.Given below are notes of financial institutions and their roles.

National Bank For Agriculture and Rural Development(NABARD)

Born-12th July,1982

Purpose-Helps in the field of credit in Agriculture

HeadQuarters-Mumbai

Chairperson-Dr Harsh Kumar Bhanwala

Points to be Noted

*Rural Infrastructure Development Fund(RIDF)is operated by NABARD for Rural Development

*NABARD is the Micro finance regulatory authority

*NABARD was established on the recommendations of B Shivaraman Commitee

Small Industries Devlopment Bank of India(SIDBI)

Born-2nd April,1990

Purpose-Aimed at the growth of micro,small and medium enterprises

Headquarters-Lucknow

Chairperson-Kshathrapathi Shivaji

Points to be noted

*It is established under the act of Small Industries Development Bank of India

SIDBI runs entities such as

*Credit Gurantee Fund Trust For Micro and Small Enterprises-It provides guarantees to banks for collateral free loans extended to SME

*Sidbi Venture Capital LTD-It is a venture capital company focused at SME

*SME Rating Agency of India -It provides composite ratings to SME'S

Securities and Exchange Board of India(SEBI)

Born-12th April,1988

Purpose-To regulate the working of stock Exchange

Headquarters-Mumbai

Chairperson-Ajay Tyagi

Points to be noted

*SEBI was formed under the SEBI act of 1992

Export Import bank(EXIM bank)

Born-1st January,1982

Purpose-It helps institutions in financing export and import

Headquarters-Mumbai

Managing Director-Yaduvendra Mathur

Points to be noted

*It was established in 1982 under the Export Import act of 1981

Reserve bank of India(RBI)

Born-1st,April 1935

Purpose-Financial Supervision

Headquarters-Mumbai

Governor-Urjit Patel

Points to be noted

*RBI was formed under the Reserve Bank of India Act of 1934

*RBI has one governor and four deputy governors.They are B P Kanungo,Dr Viral V Acharya,Shri N S Vishwanathan and Shri R Gandhi.

*RBI has four Zonal offices at Chennai,Delhi,Kolkata and Mumbai.

*The bank is often refered to by the name Mint Street

*National Housing Bank ,subsidiary bank of Reserve Bank Of India. Chairman-Sriram Kalyanaraman

*RBI was set up on the recommendations of Hilton Young Commision

Export Credit Guarantee Corporation of India(ECGC)

Born-30 July,1957

Purpose-It provides insurance to Indian Exporters

Headquarters -Mumbai