List of Major Financial Institutions in India

There are so many financial companies established in India to absorb the saving of household sector. Government mobilizes this small saving in the economy through these financial institutions. These major and small institutions play the same role in the economy as the blood in the human body. Some examples of these financial institutions are RBI, SEBI, IDBI, EXIM Bank and Export Credit Guarantee Corporation of India (ECGC).
Created On: Jul 14, 2016 13:23 IST
Modified On: Mar 8, 2017 18:28 IST

There are so many financial companies established in India to absorb the saving of household sector. Government mobilizes this small saving in the economy through these financial institutions. These major and small institutions play the same role in the economy as the blood in the human body. Some examples of these financial institutions are RBI, SEBI, IDBI, EXIM Bank and Export Credit Guarantee Corporation of India (ECGC).

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Microfinance Institutions in India

Structure of Banking Sector in India

Establishment Years of Major Financial Institutions in India

 

  • Imperial Bank of India

1921

  • Reserve Bank of India (RBI)

April 1, 1935

  • Industrial Finance Corporation of India (IFCI)

1948

  • State Bank of India

July 1, 1955

  • Industrial Credit and Investment Corporation India Ltd.(ICICI)

1955

  • Life insurance corporation of India (LIC)

 Sept.1956

  • Export Credit Guarantee Corporation of India (ECGC)

 30 July 1957

  • Industrial Development Bank of India (IDBI)

 July,1964

  • General Insurance Corporation (GIC)

 Nov.1972

  • Regional Rural Banks

 Oct. 2, 1975

  • Housing development and finance Corporation Ltd (HDFC)

 1977

  • EXIM Bank

 January 1, 1982

  • IRBI( now it is called IIBIL since march 1997)

 March 20,1985

  • Board for Industrial and Financial Reconstruction

 1987

  • Securities and Exchange Board of India (SEBI)

 April 12, 1988

  • National Housing Bank

 July 1988

  •  Small Industries Development Bank of India (SIDBI)

 1990

  • Bharatiya Reserve Bank Note Mudran Private Limited

 1995

  • Rural Infrastructure and Development Fund (RIDF)

 April 1, 1995

  • Infrastructure Development Finance Company (IDFC)

 Jan.31, 1997

  • Unit Trust of India

 Feb.1, 2003

  • Bifurcation of UTI (UTI-i & UTI-ii)

 Feb. 2003

  • Indian Infrastructure Finance Company (IIFCL)

 April, 2006

  •  National Payments Corporation of India

 Dec.2008

 

 

 

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