3.
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.
4. 1
2
3
4
5
• Formulates and implements monetary and credit
policies
• Functions as banker’s bank
• Issuer of currency
• Banking Ombudsman Scheme
• Considered as lender of last resort
5. Repo Rate
Reverse Repo Rate
Cash Reserve Ratio (CRR)
Statutory Liquidity Ratio (SLR)
Base Rate
7.25%
(as on 18-08-2013)
6.25%
4%
23.0%
9.70%–10.25%
6.
RBI bans import of gold coins, medallions
without licence
August 14,2013
The Economic Times
7.
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.
8.
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.
9.
NABARD sanctions Rs 238.65 crore for road
and drinking water projects in Haryana
Aug 12, 2013
The Economic Times
10.
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.
11.
SIDBI to contribute Rs 180 crore to India
opportunity fund.
July 20,2013
Hindustan Times
12.
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.
13.
$125 mn Exim Bank LOC for Sudan project
August 12, 2013
Times of India
14.
was set up on July 9, 1988 under the National
Housing Bank Act, 1987.
The Head Office of NHB is at New Delhi.
