FINANCIAL INSTITUTIONS

National Bank for Agriculture and Rural Development

(NABARD) :

• Established on 12th July 1982 on the recommendation of CRAFICARD committee (also called as Sivaraman Comittee)  
• For Agricultural finance, NABARD is the apex organization. 
• Chairman : Dr. Harsha Kumar Bhanwala  
• Head Quarters : Mumbai 
• It assists Cooperative Banks, RRBs, Land Development
• Banks & Scheduled Commercial banks in lending to farmers, rural artisans and other nonfarmers in rural areas and to the State Governments for minor irrigation. 
•  Rural Infrastructure Development Fund (RIDF) is operated by NABARD, instead in April 1995.   
•  NABARD is the "Micro-Finance Regulatory Authority" 

Small Industries Development Bank of India (SIDBI) 

• Small Industries Development Bank of India (SIDBI in short) was established in the year 1990 (Date : 2nd April 1990) under the Small Industries Development Bank of India Act 1989 as a subsidiary of Industrial Development Bank of India. 
• It is the principal financial institution for promotion, financing and development of small, tiny and cottage sector. 
• Chairman- Dr. Kshatrapati Shivaji  
• Head Quarters : Lucknow 

Securities and Exchange Board of India (SEBI) 

• It is the regulator for the securities market in India. SEBI was initially established as a non statutory
• body in April 1988, to regulate the working of stock exchange. Later it was given a statutory status on April 1992 via SEBI Act, 1992 with the following objectives. 
• Chairman- UK Sinha 
• Head Quarters : Mumbai 

REGIONAL RURAL BANK (RRB):

• Regional Rural Bank Were Set Up By An Ordinance In 1975, Later Replaced By Rrbs Act, 1976 As Pre
• Banking Commission Recommendation In 1975. 
• Father Of Rrb Is M.Swaminathan. 
• The Govt. Of India Had Appointed A Working Group On Rural Banks Under The Chairmanship Of Mr.
• M. Narasimham In 1975. First Rrbs Were Set Up On 2nd Oct. 
• Share Holder Contribution In %: Government Of India 50% Sponsor Bank 35% State Government
• 15% Total 100%. 

EXIM BANK: 

•  The Export-Import (EXIM) Bank of India is the principal financial institution in India for coordinating the working of institutions engaged in financing export and import trade. 
•  It is a statutory corporation wholly owned by the Government of India. 
• It was established on January 1, 1982 for the purpose of financing, facilitating and promoting foreign trade of India. 
• Chairman- Yaduvendra Mathur  
• Head Quarters : Mumbai 