SEBI (Security & Exchange Board of India)

Establishment - Established on April 12, 1992 in accordance with the

provisions of the SEBI Act, 1992.

Chairman - Shri U K Sinha

Head Office - Mumbai

IRDA (Insurance Regulatory & Development Authority)

Establishment - Following the recommendations of Malhotra Committee

report, in 1999, IRDA was constituated as an autonomous body to regulate and develop
the insurance industry. The IRDA was incorporated as a statutory body in April 2000.

Chairman - Mr. Hari Narayan J

Head Office - Hyderabad, Andhra Pradesh

Key Objectives - Promotion of competition so as to enhance customer

satisfaction through increased consumer choice and lower premiums, while ensuring the
financial security of the insurance market.
IDBI (Industrial Development Bank of India)

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Chairman & Managing Director - Shri R M Malla

Establishment - Established as a Public Financial Instutution under RBI in
1964. It was seperated from RBI in 1976 and became full fledged Development Bank. In
2004, It was converted into Commercial bank which has a Govt share holding of 52.7% at
present. It is now a Public Sector Commercial Bank.
Head Office - Mumbai
SIDBI (Small Industries Development Bank of India)

Establishment - Established on April 2, 1990

Chairman - Shri Sushil Muhnot

Head Office - Lucknow

NABARD (National Bank of Agriculture & Rural Development)

Establishment - Established on July 12, 1982 with the paid up capital of Rs.
100 Crore have 50:50 contribution of GOI and RBI.

Govt Stake at Present - 99%

RBI Stake at Present - 1% (RBI divested its 71.5% stake to the GOI in
NABARD)

Chairman - Dr. Prakash Bakshi

Head Office - Mumbai

Established according to the recommendation of - Shivaraman

Committee

Key Points -

Provides refinance facilities to various such financial institutions which

provide loans to promote productive activities in rural areas.

To meet its own loan requirements, NABARD obtains funds from GOI,
World Bank and other agencies.
It also mobilises resources by issuing bonds and debentures guaranteed

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by the GOI.
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It also utilises the funds of National Rural Credit Fund.

It also provides loans to Commercial banks and RRBs for refinance

purpose so that these banks may continue their various activities including granting
finances for small irrigation, IRDP, dairy development, mechanisation of farms, etc.

The organisation whose functions has been taken over by NABARD

from RBI are -

Agricultural Re-finance and Development Corporation

National Agricultural Credit Fund (long term operation)

National Agricultural Credit Fund (stabilisation)

ECGC (Export Credit Guarantee Corporation)

Provides a range of credit risk insurance covers to exporters against loss in

export of goods and services

Offers Export Credit Insurance covers to banks and financial institutions to

enable exporters to obtain better facilities from them

Provides Overseas Investment Insurance to Indian companies investing in

joint ventures abroad in the form of equity or loan
BCSBI (Banking Codes and Stadards Board of India)

The Banking Codes and Standards Board of India is not a Department of the
RBI. Reserve Bank has agreed to lend it financial support for a limited period. It is an
independent banking industry watch dog to ensure that the consumer of banking
services get what they are promised by the banks.

The Banking Codes and Standards Board of India has been registered as a
separate society under the Societies Registration Act, 1860. Therefore, it would function
as an independent and autonomous body.

Dr. Y.V. Reddy, Governor, Reserve Bank of India, in his Monetary Policy
Statement (April 2005) announced setting up of the banking Codes and standards Board
of India in order to ensure that comprehensive code of conduct for fair treatment of
customers was evolved and adhered to.

The Registered office of the society shall be situated in the State of

Maharashtra at Reserve Bank of India, C- 8/9, Bandra-Kurla Complex, Bandra (East),
Mumbai - 400 051.
Chairman - Ms. K.J. Udeshi

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CAPART()

FIPB

Credit Rating Agencies of India

International Credit Rating Agencies

Finance Commission of India

EXIM Bank (Export and Import Bank)

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Established on - 1 Jan, 1982

Head Office - Mumbai

NHB (National Housing Bank)

Established on - 9 July, 1988

Head office - New Delhi