REGIONAL RURAL BANK :
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.
What are the 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.
