Subsidiaries
Banking · सहायक कंपनियां · 12 facts
NABARD: est. 1982, promotes rural and agricultural development (recommended by Shivaraman)
NABARD HQ in Mumbai; refinances rural lending by banks and cooperatives
SIDBI: est. 1990, promotes Small and Medium Enterprises (MSMEs)
EXIM Bank: est. 1982, finances foreign trade (exports and imports)
NHB (National Housing Bank): est. 1988, promotes housing finance
DICGC insures bank deposits up to Rs 5 lakh per depositor per bank
DICGC = Deposit Insurance and Credit Guarantee Corporation (RBI subsidiary)
MUDRA Bank (2015): loans up to Rs 10 lakh for micro enterprises (Shishu/Kishor/Tarun)
MUDRA loan categories: Shishu (up to 50K), Kishor (50K-5L), Tarun (5L-10L)
IBBI (Insolvency and Bankruptcy Board of India) set up under IBC 2016
SIDBI HQ in Lucknow; NABARD and NHB HQ in Mumbai
SBI has subsidiaries: SBI Life Insurance, SBI Mutual Fund, SBI Cards