Establishment Dates of various financial Institutions
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Establishment Dates of various financial Institutions
Name | Date/Year | Committee/ Establishment Act |
SEBI (Securities & Exchange Board of India) | 12th April 1992 | SEBI Act, 1992 |
NABARD (National Bank for Agriculture & Rural Development) | 12th July 1982 | Shivaraman Committee |
Banking Ombudsman Scheme | 14th June 1995 | |
DICGC (Deposit Insurance & Credit Guarantee Corporation) | 15th July 1978 | |
UTI (Unit Trust of India) | 1963 | |
IDBI (Industrial Development Bank Of India) | 1964 | Industrial Development bank of India Act, 1964 |
Repco Bank | 1969 | For rehabilitating repatriates from Sri Lanka and Myanmar (Burma) |
RRB (Regional Rural Bank) | 1975 | RRB Act 1976 |
RBI (Reserve Bank of India) | 1st April 1935 | Hilton Young Committee/RBI Act 1934 |
EXIM Bank (Export & Import Bank of India) | 1st Jan 1982 | Export-Import Bank of India Act 1981 |
IFCI (Industrial Finance Corporation of India) | 1st July 1948 | |
SBI (State Bank of India) | 1st July 1955 | State Bank of India Act, 1954 |
CAPART (Council for Advancement of People’s Action & Rural Technology) | 1st Sep 1986 | |
PFRDA (Pension Fund Regulatory & Development Authority) | 23rd Aug 2003 | |
SIDBI (Small Industries Development Bank of India) | 2nd April 1990 | |
ECGC (Export Credit Guarantee Corporation) | 30th July 1957 | Old name was – Export Risk Insurance Corporation (ERIC) |
NHB (National Housing Bank) | 9th July 1988 | National Housing Bank Act, 1987 |
IRDA (Insurance Regulatory & Development Authority) | April 2000 | Malhotra Committee Recommendations 1999 |
BCSBI (Banking Codes & Standards Board of India) | April 2005 | |
FIPB (Foreign Investment Promotion Board) | Works under Ministry of Finance, GOI |