Discussion
The Small Industries Development Bank of India (SIDBI) was established in ......................... as a wholly owned subsidiary of .....................
Answer: C
SIDBI was established in 1990 as a wholly owned subsidiary of IDBI.
The Small Industries Development Bank of India was set up on 2 April 1990 under the SIDBI Act, 1989, as a wholly owned subsidiary of the Industrial Development Bank of India, to be the principal institution for financing and developing small scale industries. IDBI later divested most of its holding, ending the subsidiary status.
1969 is the year of bank nationalisation, not of SIDBI, and SIDBI was never a subsidiary of the RBI; it was IDBI that had been a subsidiary of the RBI before 1976.
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development