javascript:void(0) Banking Awareness for IBPS PO Exam & Interviews : Important Banking Institutions - 3 ~ Online GK

Banking Awareness for IBPS PO Exam & Interviews : Important Banking Institutions - 3

National Bank for Agriculture and Rural Development (NABARD): is an apex development bank in India having headquarters based in Mumbai (Maharashtra) and other branches are all over the country. It was established on 12 July 1982 by a special act by the parliament and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture & rural non farm sector.

Small Industries Development Bank of India: SIDBI is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises in India. Set up on April 2, 1990 through an act of parliament, it was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India.
Export-Import Bank of India: EXIM Bank is the premier export finance institution of the country, established in 1982 under the Export-Import Bank of India Act 1981. Government of India launched the institution with a mandate, not just to enhance exports from India, but to integrate the country’s foreign trade and investment with the overall economic growth.
State Bank of India: SBI is the largest banking and financial services company in India by revenue and total assets. Its a state-owned corporation with its headquarters in Mumbai, Maharashtra. The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding in 1806 of the Bank of Calcutta, making it the oldest commercial bank in the Indian Subcontinent. Bank of Madras merged into the other two presidency banks, Bank of Calcutta and Bank of Bombay to form Imperial Bank of India, which in turn became State Bank of India. The government of India nationalized the Imperial Bank of India in 1955

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