REGIONAL RURAL BANK (RRB):
1) REGIONAL RURAL BANK were set up by an ordinance in 1975,
later replaced by RRBs Act, 1976 as pre Banking Commission recommendation in
1975.
2) Father of RRB is M.Swaminathan.
3) The Govt. of India had appointed a Working Group on rural
Banks under the chairmanship of Mr. M. Narasimham in 1975. First 5 RRBs were
set up on 2 nd Oct.,
4) At the end of June 1985, 183 RRBS with the network of
10,245branches have opened in the states of the Indian union. .
OBJECTIVES OF RRB:
1)To provide banking services to the rural people to their
door steps as they are unable to get such services
in the rural areas.
2) To provide credit facilities to the small and marginal
farmers, landless laborers and person who are engage in the trade and commerce.
3) To mobilize rural savings and uses them for supporting
productive activities in rural areas.
4) To promote the entrepreneurship and generating employment
opportunities in the rural areas.
CAPTIAL STRUCTURE OF RRB :
1)The authorized capital of each RRBs is one crore divided
into rupees one lacs fully paid up shares of rupees 100 each.
2)The central government may after consultation with the RBI
and the sponsoring bank increase or reduce such authorized capital but it shall
not be reduced below 25 lacs.
3)The issued capital of each rural bank is Rs.25 lacs.
4)SHARE HOLDER CONTRIBUTION IN %: Government of India 50%
Sponsor Bank 35% State Government 15% Total 100%.
EXIM BANK:
The Export-Import (EXIM) Bank of India is the principal
financial institution in India for coordinating the working of institutions
engaged in financing export and import trade. It is a statutory corporation
wholly owned by the Government of India. It was established on January 1, 1982
for the purpose of financing, facilitating and promoting foreign trade of
India.
Capital:
The authorised capital of the EXIM Bank is Rs. 200 crore and
paid up capital is Rs. 100 crore, wholly subscribed by the Central Government.
Functions of Export-Import Bank of India:
The main functions of the EXIM Bank are as follows:
(i) Financing of exports and imports of goods and services,
not only of India but also of the third world countries;
(ii) Financing of exports and imports of machinery and
equipment on lease basis;
(iii) Financing of joint ventures in foreign countries;
(iv) Providing loans to Indian parties to enable them to
contribute to the share capital of joint ventures in foreign countries;
(v) To provide technical, administrative and financial
assistance to parties in connection with export and import.
SIDBI :
The Small Industries Development Bank of India (SIDBI) was
established as a principal financial institution for the promotion, financing
and development of industries in the small scale sector. SIDBI started its
operations from 2 April 1990.
NATIONAL HOUSING BANK(NHB):
1)The National Housing Bank (NHB), the apex institution of
housing finance in India, was set up as wholly owned subsidiary of the Reserve
Bank of India.
2) The bank started its operations from July 1988.
3)NHB is a subsidiary bank of Reserve Bank of India.
4)National Housing Bank was established under section 6 of
National Housing Bank Act(1987).
5)The headquarters of NHB is in New Delhi.
