Apex institutions

1. APEX INSTITUTIONS OF INDIA Presented by : Alisha

2. RESERVE BANK OF INDIA  India's central banking institution, which formulates the monetary policy and regulates other banks Was established on April 1,1935 under the reserve bank of India act ,1934. The current Governor of RBI is Duvvuri Subbarao. His successor is Dr. Raghuram Rajan, whose three-year term  will begin on 5 September 2013.

3. Functions of RBI

4. Rates decided by RBI Repo Rate 7.25% (as on 18-08-2013) Reverse Repo Rate 6.25% Cash Reserve Ratio (CRR) 4% Statutory Liquidity Ratio (SLR) 23.0% Base Rate 9.70%–10.25%

5. NEWS RBI bans import of gold coins, medallions without licence August 14,2013 The Economic Times

6. NABARD Was established on 12 July 1982 by National Bank for Agriculture and Rural Development Act 1981 . Its main focus was to uplift rural India by increasing the credit flow for agriculture & rural non farm sector  . RBI holds 50% of capital of NABARD.

7. Role Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas NABARD refinances the financial institutions which finances the rural sector. It regulates the institution which provides financial help to the rural economy. It provides training facilities to the institutions working the field of rural upliftment To Sanction refinance assistance for government sponsored programs such as rozgar yojna etc.

8. NEWS NABARD sanctions Rs 238.65 crore for road and drinking water projects in Haryana Aug 12, 2013 The Economic Times

9. SIDBI Established on April 2, 1990 by the Small Industries Development Bank of India Act, 1989 was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India.  for the Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector.

10. NEWS SIDBI to contribute Rs 180 crore to India opportunity fund. July 20,2013 Hindustan Times

11. EXIM was established in March 1982, under a Export Import Bank of India Act 1981. The Bank’s principal focus is on promoting India’s exports. RBI holds 100% share capital of EXIM .

12. NEWS $125 mn Exim Bank LOC for Sudan project   August 12, 2013 Times of India

13. NHB was set up on July 9, 1988 under the National Housing Bank Act, 1987 . The Head Office of NHB is at New Delhi.

14. NEWS NHB partners World Bank for housing project August 15,2013 The Economic Times