Important Financial Organizations in
India
Organization Name: IFCI (Industrial Financial Corporation of India)
Established On: 1948
Comment: Established for Provide financial assistance to industrial units
Organization Name: IDBI (Industrial Development Bank of India)
Established On: 1964
Comment: for industrial finance
Organization Name: ICICI (Industrial Credit and Investment Corporation of India)
Established On: 1955
Comment: To encourage and assist industrial units of the nation
Organization Name: EXIM (Export-Import bank of India)
Established On: 1982
Comment: To provide financial assistance to exporters and importers
Organization Name: NABARD (National Bank for Agricultural and Rural Development)
Established On: 1982
Comment: To give credit facilities of farmer
Organization Name: UTI (Unit Trust of India)
Established On: 1964
Comment: To encourage small investors for savings
Organization Name: LIC (Life Insurance Corporation of India)
Established On: 1956
Comment: To encourage savings
Organization Name: SEBI (Securities and Exchange Board of India)
Established On: 1988
Comment: To regulate the 24 stock exchange of India
Organization Name: RBI (Reserve Bank of India)
Established On: 1935
Comment: To regulate the issuing of bank notes, acts as the banker of Government of India
Organization Name: SBI (State bank of India)
Established On: 1955
Comment: Main Depositor of public money in India