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List of Financial Institutions in India

Published by Gbaf News

Posted on April 22, 2013

1 min read

· Last updated: December 7, 2018

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Industrial Development Bank of India (IDBI)
Industrial Finance Corporation of India (IFCI)
Export – Import Bank of India (Exim Bank)
Industrial Investment Bank of India
National Bank for Agriculture and Rural Development (NABARD)
Small Industries Development Bank of India (SIDBI)
National Housing Bank (NHB)
Unit Trust of India (UTI)
Life Insurance Corporation of India (LIC)
General Insurance Corporation of India (GIC)
Risk Capital and Technology Finance Corporation Ltd. (RCTC)
Technology Development and Information Company of India Ltd.(TDICI)
Tourism Finance Corporation of India Ltd. (TFCI)
Shipping Credit and Investment Company of India Ltd. (SCICI)
Discount and Finance House of India Ltd. (DFHI)
Securities Trading Corporation of India Ltd. (STCI)
Power Finance Corporation Ltd.
Rural Electrification Corporation Ltd.
Indian Railways Finance Corporation Ltd.
Infrastructure Development Finance Co. Ltd.
Housing and Urban Development Corporation Ltd. (HUDCO)
Indian Renewable Energy Development Agency Ltd. (IREDA)

Key Takeaways

  • India hosts a diverse array of financial institutions specializing in sectors like industrial development, housing, export-import, rural finance, and energy.
  • Numerous public sector development finance institutions (DFIs) are established under Acts of Parliament with government oversight.
  • Many of these institutions have evolved over time, becoming banks or gaining specialized mandates; for example, IDBI transformed into a commercial bank.
  • Institutions like SIDBI, Exim Bank, NABARD, and NHB are regulated by the Reserve Bank of India as All-India Financial Institutions.

References

Frequently Asked Questions

What is the role of Industrial Development Bank of India (IDBI)?
IDBI was established in 1964 as a development finance institution for industrial development, and was later converted into a universal bank under government and LIC ownership.
Which institutions are designated as All‑India Financial Institutions (AIFIs)?
The AIFIs regulated by RBI include Exim Bank, NABARD, SIDBI, and National Housing Bank, among others.
What is SIDBI’s primary mandate?
SIDBI focuses on promotion, financing, and development of MSMEs, providing direct loans, refinance, and coordinating schemes like MUDRA and CGTMSE.

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