Subsidiaries of RBI

Subsidiaries of RBI

We have discussed Banking structure and how the RBI links with the other the banking system, Today we will learn about the RBI subsidiaries. i.e. Companies owned and controlled by RBI. There are 2  subsidiaries of RBI.


  • DICGC (Deposit Insurance And Credit Guarantee Corporation )
  • Established under the DICGC act 1961, on 15th July 1978
  • All commercial bank including branches of a foreign bank in India, local area bank and RRB are insured by DICGC
  • NBFC and primary cooperative society are not insured by RBI
  • DICGC insures all types of account i.e. (Current, fixed, saving, recurring )
  • The maximum amount insured by DICGC is 1 lakh


  • Bharatiya Reserve Bank Note Mudran Private Limited
  • Prints banknotes for Reserve Bank of India (RBI)
  • Established in 1995 to address the demand for banknotes
  • It has two presses in Mysore and Salboni

Before NABARD and NHB were the subsidiaries of RBI but later RBI exited the National Housing Bank (NHB) and the National Bank for Agriculture & Rural Development (Nabard), by selling its entire stakes to the government for Rs 1,450 crore and Rs 20 crore, respectively, making them fully government-owned now. Let’s know about NABARD and NHB in details.

“With this divestment, the government now holds 100 percent stake in both these financial institutions,” RBI said in a statement.

Read the full article here:

With RBI exit, the government now owns a 100% stake in NHB, Nabard


  • NABARD ( National Bank For Agriculture and Rural Development )
  • Under NABARD act 1981, Established on 12th July 1982
  • Chairman-Harsh Kumar Bhanwala, HQ – Mumbai
  • Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas
  • It regulates the cooperative banks and the RRB


  • National Housing Bank
  • Under NHB act 1987, Established on 9th July 1988
  • HQ- New Delhi
  • CEO- Dakshita Das
  • MD- Sarada Kumar Hota
  • NHB registers, regulates and supervises Housing Finance Company (HFCs), keeps surveillance through On-site & Off-site Mechanisms and co-ordinates with other Regulators


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