Question

    Which of the following is not considered as part of the

    All India Financial Institutions (AIFI) group, a collection of key financial regulatory bodies with significant roles in the financial markets in India?
    A EXIM Bank Correct Answer Incorrect Answer
    B National Housing Bank Correct Answer Incorrect Answer
    C NaBFID Correct Answer Incorrect Answer
    D Export Credit Guarantee Corporation (ECGC) Correct Answer Incorrect Answer
    E SIDBI Correct Answer Incorrect Answer

    Solution

    The Reserve Bank currently oversees and supervises five All India Financial Institutions (AIFIs): Export-Import Bank of India (EXIM Bank), National Bank for Agriculture and Rural Development (NABARD), National Housing Bank (NHB), Small Industries Development Bank of India (SIDBI), and National Bank for Financing Infrastructure and Development (NaBFID). These institutions play a crucial role in the financial markets by engaging in credit extension, refinancing operations, and addressing the long-term financing requirements of the industrial sector. Additionally, the Export Credit Guarantee Corporation (ECGC), established under the Ministry of Commerce and Industry, operates independently to boost exports. It achieves this by offering credit insurance services to exporters, safeguarding them against non-payment risks arising from overseas buyers due to commercial and political factors.

    Practice Next
    More Beepedia Questions
    ask-question