Question
Download Solution PDFSmall Industries Development Bank of India (SIDBI) is regulated by _______.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Reserve Bank of India
Key Points
- Reserve Bank of India:-
- RBI is India's central bank and regulatory body responsible for regulation of the Indian banking system.
- It is under the ownership of Ministry of Finance, Government of India.
- It is responsible for the control, issue and maintaining supply of the Indian rupee.
- The Small Industries Development Bank of India (SIDBI) is regulated by the Reserve Bank of India (RBI). (Hence option 3 is correct).
- Small Industries Development Bank of India:-
- SIDBI is a financial institution that was established in 1990 to promote, finance, and develop the micro, small and medium enterprises (MSME) sector in India.
- SIDBI is the apex regulatory body for overall licensing and regulation of micro, small and medium enterprise finance companies in India.
Additional Information
- State Bank of India:-
- SBI is the largest commercial bank in India by assets and the largest public sector bank in India by deposits.
- It is a government-owned corporation headquartered in Mumbai, Maharashtra.
- In 1955, the Imperial Bank of India was nationalized and renamed the State Bank of India
- Indian Bank:-
- It is a public sector bank in India, founded in 1907.
- It is headquartered in Chennai, Tamil Nadu and has over 5,800 branches and 4,900 ATMs across India.
- ICICI Bank Limited:-
- It is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra.
- It was founded in 1994 by the Industrial Credit and Investment Corporation of India (ICICI), a government-owned financial institution.
Last updated on Jul 14, 2025
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