Question:
Which among the following is \textit{not a subsidiary of RBI?}
Which among the following is \textit{not a subsidiary of RBI?}
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SIDBI was established in 1990 to promote small and medium enterprises (SMEs) and is not under the control of RBI.
Updated On: Mar 25, 2025
- National Housing Bank
- NABARD
- Bharatiya Reserve Bank Note Mudran Private Limited
- SIDBI
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The Correct Option is D
Solution and Explanation
Small Industries Development Bank of India (SIDBI) is not a subsidiary of the Reserve Bank of India (RBI). It was established as an independent financial institution to support small and medium-sized enterprises (SMEs) in India.
The other options are or were subsidiaries of RBI:
- National Housing Bank (NHB) was a subsidiary but is now under the Government of India.
- NABARD was initially promoted by RBI but now operates independently.
- Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) is a fully-owned subsidiary of RBI responsible for printing currency notes.
Thus, the correct answer is SIDBI.
The other options are or were subsidiaries of RBI:
- National Housing Bank (NHB) was a subsidiary but is now under the Government of India.
- NABARD was initially promoted by RBI but now operates independently.
- Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) is a fully-owned subsidiary of RBI responsible for printing currency notes.
Thus, the correct answer is SIDBI.
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