Important Financial Institution in India

Important Financial Institution

In the previous article, we have discussed the banking organization working in our country. We know that they are building-block of our country but just with banking organization economic goals can’t be achieved. For that, we require other financial institution like NABARD, SEBI, and EXIM etc. Today we are going to discuss these financial Institutions.

EXIM BANK

Exim Bank of India is a catalyst and a key player in the promotion of cross border trade and investment.

EXIM (Export-Import Bank of India)
HQ Mumbai
MD David Rasquinha
Year of Estd 1 Jan 1982

NABARD

NABARD concerns with policymaking, outlining & operations in the field of wealth for agriculture and other economic activities in rural areas in India NABARD.

National Bank for Agriculture and Rural Development
HQ Mumbai
MD Harsh Kumar Bhanwala
Year of Estd 12 July 1982

 

SEBI

The SEBI is the regulator for the securities market in India SEBI.

SEBI (Securities and Exchange Board of India)
HQ Mumbai
MD Ajay Tyagi
Year of Estd 12 April 1988

 

SIDBI

SIDBI involves in growth and development of micro, small and medium-scale enterprises (MSME) in India

Small Industries Development Bank of India
HQ Lucknow
CMD Mohammad Mustafa
Year of Estd 2 April 1992

 

NHB

NHB is a top financial institution for housing

National Housing Bank
HQ New Delhi
MD Shri Sriram Kalyanaraman
Year of Estd 9 July 1988

 

UTI

SEBI registered Mutual Fund Company

Unit Trust of India
HQ Mumbai
CMD Imtaiyazur Rahman
Year of Estd 1964

 

IDBI

IDBI was formed to provide credit and other financial facilities for the development of the Indian industry.

The Industrial Development Bank of India
HQ Mumbai
CMD Rakesh Sharma
Year of Estd 1964

 

ASSOCHAM

ASSOCHAM represents the interests of trade and commerce in India

Associated Chambers of Commerce and Industry of India
HQ New Delhi
CMD BK Goenka
Year of Estd 1920

 

FICCI

It is involved in sector-specific business building, and business promotion and networking.

Federation of Indian Chambers of Commerce and Industry
HQ New Delhi
President Rashaesh Shah
Year of Estd 1927

 

CBDT

The Central Board of Direct Taxes (CBDT) provides essential inputs for policy and planning of direct taxes in India and is also responsible for the administration of the direct tax laws through the Income Tax Department.

Central Board of Direct Taxes
HQ New Delhi
Chairman Pramod Chandra Mody
Year of Estd 1944


ECGC

It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce

Export Credit and Guarantee Corporation Limited
HQ Mumbai
Chairman Geetha Muralidhar
Year of Estd 1957

MUDRA

It provides loans at low rates to micro-finance institutions and non-banking financial institutions which then provide credit to MSME. It has headquartered in Mumbai.

3 Categories of Loans

Micro Units Development and Refinance Agency Bank
Shishu up to ₹50,000
Kishore 50,000₹ to ₹5 lakh
Tarun 5 lakh ₹ to ₹10 lakh

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