Export–Import Bank of India was established in 1982 under the Export-Import Bank of India Act 1981. Since its inception, Exim Bank of India has been both a catalyst and a key player in the promotion of cross border trade and investment. Over the period, it has evolved into an institution that plays a major roleContinue reading “EXIM Bank”


NABARD: It is an apex development and specialized bank established on 12 July 1982 by an act by the parliament of India. Its main focus is to uplift rural India by increasing the credit flow for elevation of agriculture & rural non farm sector. It was established based on the recommendations of the Committee setContinue reading “NABARD”

Islamic Development Bank

The Islamic Development Bank is an international financial institution established in pursuance of the Declaration of Intent issued by the Conference of Finance Ministers of Muslim Countries held in Jeddah in December 1973, and the Bank was formally opened on 20 October 1975. The purpose of the Bank is to foster the economic development andContinue reading “Islamic Development Bank”

Small Finance Banks

The small finance bank will primarily undertake basic banking activities of acceptance of deposits and lending to unserved and underserved sections including small business units, small and marginal farmers, micro and small industries and unorganized sector entities. What they can do: Take small deposits and disburse loans. Distribute mutual funds, insurance products and other simpleContinue reading “Small Finance Banks”

Differentiated and Payment Banks

Differentiated Banks This system of banks is different from universal banks as they are mandated to serve niche interests and can offer limited products. Payment banks and small banks are part of differentiated banking. The purpose of these banks is to promote financial inclusion. Nachiket Mor committee in 2014 recommended the establishment of such institutions. PaymentContinue reading “Differentiated and Payment Banks”