What Is: Financial System?
What Is: Financial System?
What Is: Financial System?
Apart from the regulatory and supervisory role, RBI also has a
developmental role to play . RBI has created specialized
financial institutions for:
• Industrial finance: Industrial Development Bank of
India(IDBI)1964, Small Industries Development Bank of
India(SIDBI),1989.
• Agricultural Credit: national Bank for Agriculture and Rural
Development(NABARD),1981.
• Export import finance: Export – import Bank of India(EXIM
Bank),1981
• Deposits Insurance Corporation of India (1961), which later
became Deposit Insurance and Credit Guarantee Corporation
of India (DICGC).
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