- RBI historically held stakes in various financial institutions. - The government decided to consolidate ownership of development financial institutions and public sector banks with itself. - Transferring RBI's stake to the government aimed at enhancing RBI's focus purely on monetary policy and financial regulation.
The Government of India has recently acquired the RBI's stake in
Asked in UPPSC Upper Mains 2007 · Topic: Money & Banking (Cooperative Banks and Development Financial Institutions (DFIs))
More Economic Development questions
- Consider the following financial institution of India: 1. Industrial Finance Corporation of India (IFCI) 2. Industrial Credit and Investment Corporation of India (ICICI) 3. Industrial Development Bank of India (IDBI) 4. National Bank for Agriculture and Rural Development (NABARD) The correct chronological sequence of the establishment of these institutions is
- It was the first development financial institution in India. 2. Industrial Credit and Investment Corporation of India (ICICI): Incorporated in 1955.
- When was the NABARD established ?
- When was the Small Industries Development Bank of India (SIDBI) established ?
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- EXIM Bank was set up
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- The Headquarters of Asian Development Bank is at
