Mudra Bank's Parent Organization
Mudra Bank, formally known as the Micro Units Development and Refinance Agency Ltd. (MUDRA), was established to provide funding to the non-corporate small business segment.
The Small Industries Development Bank of India (SIDBI) is the primary financial institution aimed at promoting, financing, and developing micro, small, and medium enterprises (MSMEs) in India.
Mudra Bank operates as a subsidiary of SIDBI. Therefore, Mudra Bank comes under the purview of SIDBI.
The correct option is SIDBI.
Important Questions from Financial Institutions
_______ was the first Development Financial Institution of India set up to propel economic growth through development of infrastructure and industry in _______.
Which are correct regulatory provisions for foreign bank operations in India?
A. They are incorporated in India and have their head office in foreign country
B. Foreign banks since 2002 have been allowed to set up their subsidiaries in India
C. The foreign banks are allowed to operate in India even it they are not financially sound
D. They have to operate according to the banking regulations in India
E. RBI approved that foreign banks which are present in India could open their branches
Choose the correct answer from the options given below:
As of july 2021 who is the Chief Economist of the International Monetary Fund?
Which amongst the following pairs is not correctly matched ?
(Concept)
(Organization)
(1) Gender Development Index
UNDP
(2) Ease of Doing Business
World Bank
(3) Inclusion Index
World Economic Forum
(4) World Hunger Index
United Nations
Which one of the following is not the function of NABARD ?
