The International Bank for Reconstruction and Development (IBRD) is an international financial institution which offers loans to middle-income developing countries. The IBRD is the first of five member institutions which compose the World Bank Group and is headquartered in Washington, D.C., United States. It was established in 1944 with the mission of financing the reconstruction of European nations devastated by World War II. Together, the International Bank for Reconstruction and Development and its concessional lending arm, the International Development Association, are collectively known as the World Bank as they share the same leadership and staff.
INTERNATIONAL MONETARY FUND (IMF)
The International Monetary Fund (IMF) (French : Fonds monétaire international) is an international organization that was initiated in 1944 at the Bretton Woods Conference and formally created in 1945 by 29 member countries. The IMF's stated goal was to assist in the reconstruction of the world's international payment system post–World War II. Countries contribute money to a pool through a quota system from which countries with payment imbalances can borrow funds temporarily. Through this activity and others such as surveillance of its members' economies and the demand for self-correcting policies, the IMF works to improve the economies of its member countries Headquartered at Washington, D.C., United States.
BANK FOR INTERNATIONAL SETTLEMENTS (BIS)
The Bank for International Settlements (BIS) (in French, Banque desrèglements internationaux (BRI)) is an international organization of central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks".As an international institution, it is not accountable to any single national government.
The BIS carries out its work through subcommittees, the secretariats it hosts and through an annual general meeting of all member banks. It also provides banking services, but only to central banks and other international organizations. It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.
ASIAN DEVELOPMENT BANK (ADB)
The Asian Development Bank (ADB) is a regional development bank established on 22 August 1966 to facilitate economic development of countries in Asia.The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly known as the United Nations Economic Commission for Asia and the Far East) and non-regional developed countries.From 31 members at its establishment, ADB now has 67 members - of which 48 are from within Asia and the Pacific and 19 outside. ADB
was modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with member's capital subscriptions. Headquartered at Mandaluyong City, Metro Manila, Philippines.
EXIM BANK (INDIA)
Export-Import Bank of India 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.
Exim Bank is managed by a Board of Directors, which has representatives from the Government, Reserve Bank of India, Export Credit Guarantee Corporation of India, a financial institution, public sector banks, and the business community. Headquarters is in Mumbai.
FINANCE
COMMISSION OF INDIA
The Finance Commission of India came into existence in 1951. It was established under Article 280 of the Indian Constitution by the President of India. It was formed to define the financial relations between the centre and the state. The Finance Commission Act of 1951 states the terms of qualification, appointment and disqualification, the term, eligibility and powers of the Finance Commission.
Headquartered at New Delhi.
RESERVE BANK OF INDIA (RBI)
The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the Indian rupee. It was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of India Act, 1934.
The RBI plays an important part in the development strategy of the Government of India. It is a member bank of the Asian Clearing Union.
The bank is also active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion (AFI).
RBI - CENTRAL BOARD OF DIRECTORS
The Central Board of Directors is the main committee of the central bank. The Government of India appoints the directors for a four-year term. The Board consists of a governor, four deputy governors, fifteen directors to represent the regional boards, one from the Ministry of Finance and ten other directors from various fields.
Offices and branches. Head quartered at Mumbai.
The Reserve Bank of India has four zonal offices.It has 19 regional offices at most state capitals and at a few major cities in India. Few of them are located in Ahmedabad, Bangalore, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, Patna, and Thiruvananthapuram. Besides it has 09 sub-offices at Agartala, Dehradun, Gangtok, Kochi, Panaji, Raipur, Ranchi, Shillong, Shimla and Srinagar.
The bank has also two training colleges for its officers, viz. Reserve Bank Staff College at Chennai and College of Agricultural Banking at Pune. There are also four Zonal Training Centres at Mumbai, Chennai, Kolkata and New Delhi.
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT (NABARD)
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. The Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD), set up by the Reserve Bank of India (RBI) under the Chairmanship of Shri B. Sivaraman, conceived and recommended the establishment of the National Bank for Agriculture and Rural Development (NABARD). 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 and completed its 25 years on 12 July 2007. It has been accredited with "matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India". RBI sold its stake in NABARD to the Government of India, which now holds 99% stake.NABARD is active in developing financial inclusion policy and is a member
of the Alliance for Financial Inclusion.
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (IRDA)
Insurance Regulatory and Development Authority (IRDA) is an autonomous apex statutory body which regulates and develops the insurance industry in India. It was constituted by a Parliament of India act called Insurance Regulatory and Development Authority Act, 1999 and duly passed by the Government of India.
The agency operates its headquarters at Hyderabad, Andhra Pradesh where it shifted from Delhi in 2001. The Insurance regulatory and Development Authority (IRDA), batted for a hike in the foreign direct investment (FDI) limit to 49 per cent in the sector from the present 26 per cent.
INDUSTRIAL DEVELOPMENT BANK OF INDIA (IDBI)
IDBI Bank Limited is an Indian financial service company headquartered Mumbai, India. RBI categorised IDBI as an "other public sector bank". It was established in 1964 by an Act of Parliament to provide credit and other facilities for the development of the fledgling Indian industry. It is currently 10th largest development bank in the world in terms of reach with 1715 ATMs, 1111 branches including one overseas branch at DIFC, Dubai and 766 centers including two overseas centres at Singapore & Beijing. Some of the institutions built by IDBI are the Securities and Exchange Board of India (SEBI), National Stock Exchange of India (NSE), the National Securities Depository Limited (NSDL), the Stock Holding Corporation of India Limited (SHCIL), the Credit Analysis & Research Ltd, the Exim Bank (India), the Small Industries Development Bank of India (SIDBI), the Entrepreneurship Development Institute of India, and IDBI Bank, which is owned by the Indian Government.
INSTITUTE OF BANKING PERSONNEL SELECTION (IBPS)
Institute of Banking Personnel Selection (IBPS) located in Mumbai, is an autonomous agency in India, which started its operation in 1975 as Personnel Selection Services (PSS). In 1984, IBPS became an independent entity at the behest of Reserve Bank of India (RBI) and Public Sector Banks. IBPS is envisioned as self-governed academic and research oriented Institute, with a mission of enhancing human-resource development through personnel assessment. In 2011, IBPS announced a common written examination (CWE) for the selection Officers and Clerks in Indian banks. IBPS CWE is now mandatory for anyone who seeks an employment in public sector and Regional Rural banks.
INDIAN BANKS' ASSOCIATION (IBA)
Indian Banks' Association (IBA), formed on 26 September, 1946 as a representative body of management of banking in India operating in India an association of Indian banks and financial institutions based in Mumbai. With an initial membership representing 22 banks in India in 1946, IBA currently represents 173 banking companies operating in India. IBA was formed for development, coordination and strengthening of Indian banking, and assist the member banks in various ways including implementation of new systems and adoption of standards among the members.
AGRICULTUREFINANCE CORPORATION OF INDIA LIMITED
AFC India Limited was incorporated on April 10, 1968 as a Public Limited Company with an Authorised Capital of Rs. 100 crore and Paid-up Capital of Rs. 5 crore by the then private sector commercial banks to “finance agriculture by all possible means”.(Currently the Paid-up Capital is Rs. 15 crore). Subsequent to the nationalisation of fourteen major Indian Scheduled Commercial Banks on July 19, 1969, AFC repositioned itself as a Technical Support Institution for facilitating accelerated growth of Indian agriculture. AFC has now blossomed into a diversified reputed consultancy organisation.
Headquarter of AFC is situated at Mumbai. The Company has three Regional Offices at Kolkata, New Delhi and Bangalore besides three Branch Offices atLucknow, Hyderabad and Pune and Field Offices at Kalahandi, Bargarh (Orissa) and Godda (Jharkhand).
RURAL PLANNING AND CREDIT DEPARTMENT (RPCD)
The Rural Planning and Credit Department (RPCD) formulates policies relating to rural credit and monitors timely and adequate flow of credit to the rural population for agricultural activities and rural employment programmes
SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI)
The Securities and Exchange Board of India (frequently abbreviated SEBI) is the regulator for the securities market in India. It was established in the year 1988 and given statutory powers on 12 April 1992 through the SEBI Act, 1992.
It was officially established by The Government of India in the year 1988 and given statutory powers in 1992 with SEBI Act 1992 being passed by the Indian Parliament. SEBI has its Headquarters are at the business district of Bandra Kurla Complex in Mumbai, and has Northern, Eastern, Southern and Western Regional Offices in New Delhi, Kolkata, Chennai and Ahmedabad respectively.
NATIONAL HOUSING BANK (NHB)
The National Housing Bank (NHB) is a state owned bank and regulation authority in India, created on July 8, 1988 under section 6 of the National Housing Bank Act (1987). The headquarters is in New Delhi and i's total staff June 30, 2008 was 80.
The institution, owned by the Reserve Bank of India, was established to promote private real estate acquisition. The NHB is regulating and re-financing social housing programs and other activities like research and IT-initiatives, too.
VISION Promoting inclusive expansion with stability in housing finance market.
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (SIDBI)
Small Industries Development Bank of India is an independent financial institution aimed to aid the growth and development of micro, small and mediumscale enterprises (MSME) 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.
It is the Principal Financial Institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector and for Co-ordination of the functions of the institutions engaged in similar activities.
Its headquarters is in Lucknow (U.P)
BUREAU OF INDIAN STANDARDS (BIS)
The Bureau of Indian Standards (BIS) is the national Standards Body of India working under the aegis of Ministry of Consumer Affairs, Food & Public Distribution, Government of India. It is established by the Bureau of Indian Standards Act, 1986 which came into effect on 23 December 1986. The Minister in charge of the Ministry or Department having administrative control of the BIS is ex-officio President (Emaad Amin) of the BIS.
Its headquarters are in New Delhi, with regional offices in Kolkata, Chennai, Mumbai, Chandigarh and Delhi, and 20 branch offices. It also works as WTO-TBT enquiry point for India.
INVESTMENTINFORMATION AND CREDIT RATING AGENCY (ICRA) LIMITED
ICRA Limited is an Indian independent and professional investment information and credit rating agency. It was established in 1991, and was originally named Investment Information and Credit Rating Agency of India Limited (IICRA India). It is second largest Indian rating comapany in term of customer base. It was a joint-venture between Moody's and various Indian commercial banks and financial services companies.
Headquarters is in Gurgaon (Haryana),India
CREDIT ANALYSIS AND RESEARCH LIMITED (CARE)
CARE Ratings commenced operations in April 1993 and over nearly two decades, it has established itself as the second-largest credit rating agency in India.
CARE’s registered office and head office, is located in Mumbai
CREDIT RATING INFORMATION SERVICES OF INDIA LIMITED (CRISIL)
CRISIL is a global analytical company providing ratings, research, and risk and policy advisory services. CRISIL’s majority shareholder is Standard & Poor's, a division of The McGraw-Hill Companies and provider of financial market intelligence.
In India, CRISIL Research is an independent and integrated research house and provides growth forecasts, profitability analysis, emerging trends, expected investments, industry structure and regulatory frameworks.
Headquarters is in Mumbai.
SME RATING AGENCY OF INDIA (SMERA)
SME Rating Agency of India Limited (SMERA) is a third party rating agency exclusively set up for micro, small and medium enterprises (MSME) in India for ratings on creditworthiness. It provides ratings which enable MSME units to raise bank loans at competitive rates of interest Headquarters is in Mumbai.
BRICKWORK RATINGS INDIA PVT. LTD.
Brickwork Ratings India Pvt. Ltd. operates as a credit rating agency. It offers bank loan ratings for external commercial borrowings, term loans, working capital loans, buyers credit, cash credit/packing credit, overdraft, bank guarantees, bill purchase/discounted, and letters of credit.
Headquarters is in Bengaluru.
INDIA RATINGS AND RESEARCH PRIVATE LIMITED
India Ratings & Research (Ind-Ra) is India's Most Respected rating agency committed to providing the India's credit markets with accurate, timely and prospective credit opinions.
India Ratings & Research (Ind-Ra) provides credit ratings and research services for India based credits. Ind-Ra is part of the Fitch Group, which in turn is a jointly-owned subsidiary of Fimalac, S.A. and Hearst Corporation Corporate Headquarters is in Mumbai.
ONICRA CREDIT RATING AGENCY OF INDIA LTD.
Onicra Credit Rating Agency is one of the leading Credit and Performance Rating agencies in India. It provides ratings, risk assessment and analytical solutions to Individuals, MSMEs and Corporates.
Corporate Office is in Gurgaon,Haryana.
STANDARD & POOR'S (S&P)
Standard & Poor's (S&P) is an American financial services company. It is adivision of McGraw Hill Financial that publishes financial research and analysis on stocks and bonds. S&P is known for itsSTOCK MARKET indices such as the U.S.- based S&P 500, the Canadian S&P/TSX, the Australian S&P/ASX 200, and India's S&P CNX Nifty. S&P is considered one of the Big Three credit-rating agencies, which also include Moody's Investor Service and Fitch Ratings. Its head office is located New York City, United States.
MOODY'SINVESTORS SERVICE
Moody's Investors Service, often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its historical name. Moody's Investors Service provides international financial research on bonds issued by commercial and government entities and, with Standard & Poor's and Fitch Group, is considered one of the Big Three credit rating agencies.
Headquarters is in New York City, United States.
CREDIT INFORMATION BUREAU (INDIA) LIMITED (CIBIL)
Credit Information Bureau (India) Limited (CIBIL) is India’s first Credit Information Company (CIC) founded in August 2000. CIBIL collects and maintains records of an individual’s payments pertaining to loans andCREDIT CARDS. These records are submitted to CIBIL by member banks and credit institutions, on a monthly basis. This information is then used to create Credit Information Reports (CIR) and credit scores which are provided to credit institutions in order to help evaluate and approve loan applications.
Headquartered at Mumbai.
ASSET RECONSTRUCTION COMPANY (INDIA) LIMITED (ARCIL)
Asset Reconstruction Company (India) Limited (Arcil) is India's first and largest asset reconstruction company, to commence business of resolution of Non-Performing Assets (NPAs) upon acquisition from Indian banks and financial institutions. It is sponsored by prominent banks and financial institutions namely State Bank of India (SBI), IDBI Bank Limited (IDBI), ICICI Bank Limited (ICICI) and Punjab National Bank (PNB). Arcil has its registered office at Mumbai, Maharashtra.
DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION (DICGC)
Deposit Insurance and Credit Guarantee Corporation (DICGC) is a subsidiary of Reserve Bank of India. It was established on 1961 under Deposit Insurance and Credit Guarantee Corporation Act, 1961 for the purpose of providing insurance of deposits and guaranteeing of credit facilities. DICGC insures all bank deposits, such as saving, fixed, current, recurring deposits for up to the limit of Rs. 100,000.
BOMBAYSTOCK EXCHANGE (BSE)
Bombay Stock Exchange, commonly referred to as the BSE, (Bombay Share Bazaar) is a stock exchange located on Dalal Street, Mumbai, Maharashtra, India.
It is the 11th largest stock exchange in the world by market capitalisation as of 31 December 2012. Established in 1875, BSE Ltd. (formerly known as Bombay Stock Exchange Ltd.), is Asia’s first Stock Exchange and one of India’s leading exchange groups. Over the past 137 years, BSE has facilitated the growth of the Indian corporate sector by providing it an efficient capital-raising platform.
NATIONALSTOCK EXCHANGE OF INDIA (NSE)
The National Stock Exchange (NSE) is stock exchange located in Mumbai, India. National Stock Exchange (NSE) was established in the mid 1990s as a demutualised electronic exchange. NSE provides a modern, fully automated screenbasedTRADING SYSTEM, with over two lakh trading terminals, through which investors in every nook and corner of India can trade. NSE has played a critical role in reforming the Indian securities market and in bringing unparalleled transparency, efficiency and market integrity.
STOCK HOLDING CORPORATION OF INDIA LIMITED (SHCIL)
Stock Holding Corporation of India Ltd (SHCIL), India’s largest custodian and depository participant based in Mumbai, Maharashtra. It was established in 1986 under the Government of India as public limited company Stock Holding Corporation of India (SHCIL), the country's first and one of the largest security custodians to financial institutions, will be merged with stateowned lender IDBI Bank, subject to approvals from regulators and other SHCIL stakeholders.
ENTREPRENEURSHIP DEVELOPMENT INSTITUTE OF INDIA (EDI)
The Entrepreneurship Development Institute of India (EDI), an autonomous and not-for-profit institute, set up in 1983, is sponsored by the IDBI Bank Ltd., IFCI Ltd., ICICI Bank Ltd. and State Bank of India (SBI). The government of Gujarat pledged twenty-three acres of land on which stands the EDI campus.
Located in Gujrat.
OTC EXCHANGE OF INDIA (OTCEI)
OTC Exchange Of India (OTCEI) also known as Over-the-Counter Exchange of India based in Mumbai, Maharashtra.It is the first exchange for small companies.[3] It is the first screen based nationwide stock exchange in India.It was set up to access high-technology enterprising promoters in raising finance for new product development in a cost effective manner and to provide transparent and efficientTRADING SYSTEM to the investors
INTER-CONNECTEDSTOCK EXCHANGE OF INDIA
Inter-connected Stock Exchange Ltd. (ISE) started its operation in 1998 in Vashi, Mumbai. It is a national-level stock exchange, providing trading, clearing, settlement, risk management and surveillance support toITS TRADING members. It has 841 trading members, who are located in 18 cities.
MULTI COMMODITY EXCHANGE(MCX)
MULTI COMMODITY EXCHANGE of India Ltd (MCX) is an independent commodity exchange based in India. It was established in 2003 and is based in Mumbai. The turnover of the exchange for the fiscal year 2009 was US$ 1.24 trillion, and in terms of contracts traded, it was in 2009 the world's sixth largest commodity exchange. MCX offers futures trading in bullion, ferrous and non-ferrous metals, energy, and a number of agricultural commodities (mentha oil, cardamom,potatoes, palm oil and others).
INTREX TRADE EXCHANGE LTD
Intrex Trade Exchange Ltd is India's first ever Cash Trade Exchange, based in Mumbai, Maharashtra. formerly known as Intrex India Ltd, is a public limited company incorporated in Year 2000 by Essel Group.The Trade exchange, comprising both a cash and a cashless exchange, offers Indian businesses an integrated platform for their finance, marketing and sourcing requirements.
NATIONAL SECURITIES DEPOSITORY LIMITED(NSDL)
National Securities Depository Limited (NSDL), is the first central securities depository in India based in Mumbai.It is promoted by institutions of national stature responsible for the economic development of India and has established a national infrastructure of international standards that handles most of the securities held and settled in dematerialised form in the Indian capital market
IDRBT
Institute for Development & Research in Banking Technology or IDRBT is a banking research institute, established in 1996 by Reserve Bank of India (RBI), and is located at Hyderabad, India.RBI established IDBRT with the aim of providing the operational service support in Information Technology to Banks and Financial Institutions. The first phase of reforms in the Indian Financial Sector precipitated the need for an Apex Level Institute, for implementing Banking Technology and Technology Absorption in the Indian Banking and Financial Sector.
IDBRT is also an academic institution that offers a range of Academic and Research Programs, designed specifically to meet both the existing and emerging requirements of the Banking and Financial Sector in India.
BANKING CODES AND STANDARDS BOARD OF INDIA
The Banking Codes and Standards Board of India is an independent banking industry watchdog that protects consumers of banking services in India. The board oversee compliance with the "Code of Bank's Commitment to Customers". It is not a compensation mechanism and looks into an individual complaint only to the extent it points to any systemic compliance failure. It is an independent and autonomous body, registered as a separate society under the Societies Registration Act, 1860 on February 18, 2006.
Headquarters is in Mumbai.
ASSET MANAGEMENT COMPANY (AMC)
An Asset Management Company (AMC) is an asset management / investment management company/firm that invests the pooled funds of retail investors in securities in line with the stated investment objectives. For a fee, the company/ firm provides more diversification, liquidity, and professional management consulting service than is normally available to individual investors. The diversification of portfolio is done by investing in such securities which are inverselycorrelated to each other. Money is collected from investors by way of floating
various mutual fund schemes.
Associated Chambers of Commerce and Industry of India (ASSOCHAM)
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) is one of the apex trade associations of India. The organisation represents the interests of trade and commerce in India, and acts as an interface between industry, government and other relevant stakeholders on policy issues and initiatives. The goal of this organization is to promote both domestic and international trade, and reduce trade barriers while fostering conducive environment for the growth of trade and industry of India.
Headquarters is in New Delhi.
FEDERATION OF INDIAN CHAMBERS OF COMMERCE AND INDUSTRY (FICCI)
The Federation of Indian Chambers of Commerce and Industry (FICCI) is an association of business organizations in India. Established in 1927, on the advice of Mahatma Gandhi by GD Birla and Purushottam Das Thakurdas, it is the largest, oldest and the apex business organisation in India. It is a non-government, notfor- profit organisation. FICCI draws its membership from the corporate sector, both private and public, including SMEs and MNCs.
It is headquartered in the national capital New Delhi and has presence in 11 states in India and 8 countries across the world
EXPORT CREDIT GUARANTEE CORPORATION OF INDIA (ECGC)
The Export Credit Guarantee Corporation of India Limited (ECGC) is a company wholly owned by the Government of India based in Mumbai, Maharashtra. It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce. Government of India had initially set up Export Risks Insurance Corporation (ERIC) in July 1957. It was transformed into Export Credit and Guarantee Corporation Limited (ECGC) in 1964 and to Export Credit Guarantee Corporation of India in 1983 ECGC is the fifth largest credit insurer of the world in terms of coverage of national exports
Headquartered at Mumbai.
CENTRAL REGISTRY OF SECURITISATION ASSET RECONSTRUCTION AND SECURITY INTEREST (CERSAI)
The Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) is a company licensed under section 25 of the Companies Act, 1956 and registered by the Registrar of Companies, New Delhi. CERSAI was promoted by central government to prevent frauds involving multiple lending by different banks on the same immovable property. It became operational on March
31,2011.
The Company is a Government Company with a shareholding of 51% by the Central Government and select Public Sector Banks and the National Housing Bank are also shareholders of the Company.
Objective: The object of the company is to maintain and operate a Registration System for the purpose of registration of transactions of securitisation, asset reconstruction of financial assets and creation of security interest over property, as contemplated under Chapter IV of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. (SARFAESI Act).
The Registration would be applicable to transactions of security interest over property created to secure loans and advances from the banks and financial institutions as defined under the SARFAESI Act
INTERNATIONAL MONETARY FUND (IMF)
The International Monetary Fund (IMF) (French : Fonds monétaire international) is an international organization that was initiated in 1944 at the Bretton Woods Conference and formally created in 1945 by 29 member countries. The IMF's stated goal was to assist in the reconstruction of the world's international payment system post–World War II. Countries contribute money to a pool through a quota system from which countries with payment imbalances can borrow funds temporarily. Through this activity and others such as surveillance of its members' economies and the demand for self-correcting policies, the IMF works to improve the economies of its member countries Headquartered at Washington, D.C., United States.
BANK FOR INTERNATIONAL SETTLEMENTS (BIS)
The Bank for International Settlements (BIS) (in French, Banque desrèglements internationaux (BRI)) is an international organization of central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks".As an international institution, it is not accountable to any single national government.
The BIS carries out its work through subcommittees, the secretariats it hosts and through an annual general meeting of all member banks. It also provides banking services, but only to central banks and other international organizations. It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.
ASIAN DEVELOPMENT BANK (ADB)
The Asian Development Bank (ADB) is a regional development bank established on 22 August 1966 to facilitate economic development of countries in Asia.The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly known as the United Nations Economic Commission for Asia and the Far East) and non-regional developed countries.From 31 members at its establishment, ADB now has 67 members - of which 48 are from within Asia and the Pacific and 19 outside. ADB
was modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with member's capital subscriptions. Headquartered at Mandaluyong City, Metro Manila, Philippines.
EXIM BANK (INDIA)
Export-Import Bank of India 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.
Exim Bank is managed by a Board of Directors, which has representatives from the Government, Reserve Bank of India, Export Credit Guarantee Corporation of India, a financial institution, public sector banks, and the business community. Headquarters is in Mumbai.
FINANCE
COMMISSION OF INDIAThe Finance Commission of India came into existence in 1951. It was established under Article 280 of the Indian Constitution by the President of India. It was formed to define the financial relations between the centre and the state. The Finance Commission Act of 1951 states the terms of qualification, appointment and disqualification, the term, eligibility and powers of the Finance Commission.
Headquartered at New Delhi.
RESERVE BANK OF INDIA (RBI)
The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the Indian rupee. It was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of India Act, 1934.
The RBI plays an important part in the development strategy of the Government of India. It is a member bank of the Asian Clearing Union.
The bank is also active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion (AFI).
RBI - CENTRAL BOARD OF DIRECTORS
The Central Board of Directors is the main committee of the central bank. The Government of India appoints the directors for a four-year term. The Board consists of a governor, four deputy governors, fifteen directors to represent the regional boards, one from the Ministry of Finance and ten other directors from various fields.
Offices and branches. Head quartered at Mumbai.
The Reserve Bank of India has four zonal offices.It has 19 regional offices at most state capitals and at a few major cities in India. Few of them are located in Ahmedabad, Bangalore, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, Patna, and Thiruvananthapuram. Besides it has 09 sub-offices at Agartala, Dehradun, Gangtok, Kochi, Panaji, Raipur, Ranchi, Shillong, Shimla and Srinagar.
The bank has also two training colleges for its officers, viz. Reserve Bank Staff College at Chennai and College of Agricultural Banking at Pune. There are also four Zonal Training Centres at Mumbai, Chennai, Kolkata and New Delhi.
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT (NABARD)
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. The Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD), set up by the Reserve Bank of India (RBI) under the Chairmanship of Shri B. Sivaraman, conceived and recommended the establishment of the National Bank for Agriculture and Rural Development (NABARD). 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 and completed its 25 years on 12 July 2007. It has been accredited with "matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India". RBI sold its stake in NABARD to the Government of India, which now holds 99% stake.NABARD is active in developing financial inclusion policy and is a member
of the Alliance for Financial Inclusion.
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (IRDA)
Insurance Regulatory and Development Authority (IRDA) is an autonomous apex statutory body which regulates and develops the insurance industry in India. It was constituted by a Parliament of India act called Insurance Regulatory and Development Authority Act, 1999 and duly passed by the Government of India.
The agency operates its headquarters at Hyderabad, Andhra Pradesh where it shifted from Delhi in 2001. The Insurance regulatory and Development Authority (IRDA), batted for a hike in the foreign direct investment (FDI) limit to 49 per cent in the sector from the present 26 per cent.
INDUSTRIAL DEVELOPMENT BANK OF INDIA (IDBI)
IDBI Bank Limited is an Indian financial service company headquartered Mumbai, India. RBI categorised IDBI as an "other public sector bank". It was established in 1964 by an Act of Parliament to provide credit and other facilities for the development of the fledgling Indian industry. It is currently 10th largest development bank in the world in terms of reach with 1715 ATMs, 1111 branches including one overseas branch at DIFC, Dubai and 766 centers including two overseas centres at Singapore & Beijing. Some of the institutions built by IDBI are the Securities and Exchange Board of India (SEBI), National Stock Exchange of India (NSE), the National Securities Depository Limited (NSDL), the Stock Holding Corporation of India Limited (SHCIL), the Credit Analysis & Research Ltd, the Exim Bank (India), the Small Industries Development Bank of India (SIDBI), the Entrepreneurship Development Institute of India, and IDBI Bank, which is owned by the Indian Government.
INSTITUTE OF BANKING PERSONNEL SELECTION (IBPS)
Institute of Banking Personnel Selection (IBPS) located in Mumbai, is an autonomous agency in India, which started its operation in 1975 as Personnel Selection Services (PSS). In 1984, IBPS became an independent entity at the behest of Reserve Bank of India (RBI) and Public Sector Banks. IBPS is envisioned as self-governed academic and research oriented Institute, with a mission of enhancing human-resource development through personnel assessment. In 2011, IBPS announced a common written examination (CWE) for the selection Officers and Clerks in Indian banks. IBPS CWE is now mandatory for anyone who seeks an employment in public sector and Regional Rural banks.
INDIAN BANKS' ASSOCIATION (IBA)
Indian Banks' Association (IBA), formed on 26 September, 1946 as a representative body of management of banking in India operating in India an association of Indian banks and financial institutions based in Mumbai. With an initial membership representing 22 banks in India in 1946, IBA currently represents 173 banking companies operating in India. IBA was formed for development, coordination and strengthening of Indian banking, and assist the member banks in various ways including implementation of new systems and adoption of standards among the members.
AGRICULTUREFINANCE
CORPORATION OF INDIA LIMITEDAFC India Limited was incorporated on April 10, 1968 as a Public Limited Company with an Authorised Capital of Rs. 100 crore and Paid-up Capital of Rs. 5 crore by the then private sector commercial banks to “finance agriculture by all possible means”.(Currently the Paid-up Capital is Rs. 15 crore). Subsequent to the nationalisation of fourteen major Indian Scheduled Commercial Banks on July 19, 1969, AFC repositioned itself as a Technical Support Institution for facilitating accelerated growth of Indian agriculture. AFC has now blossomed into a diversified reputed consultancy organisation.
Headquarter of AFC is situated at Mumbai. The Company has three Regional Offices at Kolkata, New Delhi and Bangalore besides three Branch Offices atLucknow, Hyderabad and Pune and Field Offices at Kalahandi, Bargarh (Orissa) and Godda (Jharkhand).
RURAL PLANNING AND CREDIT DEPARTMENT (RPCD)
The Rural Planning and Credit Department (RPCD) formulates policies relating to rural credit and monitors timely and adequate flow of credit to the rural population for agricultural activities and rural employment programmes
SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI)
The Securities and Exchange Board of India (frequently abbreviated SEBI) is the regulator for the securities market in India. It was established in the year 1988 and given statutory powers on 12 April 1992 through the SEBI Act, 1992.
It was officially established by The Government of India in the year 1988 and given statutory powers in 1992 with SEBI Act 1992 being passed by the Indian Parliament. SEBI has its Headquarters are at the business district of Bandra Kurla Complex in Mumbai, and has Northern, Eastern, Southern and Western Regional Offices in New Delhi, Kolkata, Chennai and Ahmedabad respectively.
NATIONAL HOUSING BANK (NHB)
The National Housing Bank (NHB) is a state owned bank and regulation authority in India, created on July 8, 1988 under section 6 of the National Housing Bank Act (1987). The headquarters is in New Delhi and i's total staff June 30, 2008 was 80.
The institution, owned by the Reserve Bank of India, was established to promote private real estate acquisition. The NHB is regulating and re-financing social housing programs and other activities like research and IT-initiatives, too.
VISION Promoting inclusive expansion with stability in housing finance market.
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (SIDBI)
Small Industries Development Bank of India is an independent financial institution aimed to aid the growth and development of micro, small and mediumscale enterprises (MSME) 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.
It is the Principal Financial Institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector and for Co-ordination of the functions of the institutions engaged in similar activities.
Its headquarters is in Lucknow (U.P)
BUREAU OF INDIAN STANDARDS (BIS)
The Bureau of Indian Standards (BIS) is the national Standards Body of India working under the aegis of Ministry of Consumer Affairs, Food & Public Distribution, Government of India. It is established by the Bureau of Indian Standards Act, 1986 which came into effect on 23 December 1986. The Minister in charge of the Ministry or Department having administrative control of the BIS is ex-officio President (Emaad Amin) of the BIS.
Its headquarters are in New Delhi, with regional offices in Kolkata, Chennai, Mumbai, Chandigarh and Delhi, and 20 branch offices. It also works as WTO-TBT enquiry point for India.
INVESTMENT
INFORMATION AND CREDIT RATING AGENCY (ICRA) LIMITEDICRA Limited is an Indian independent and professional investment information and credit rating agency. It was established in 1991, and was originally named Investment Information and Credit Rating Agency of India Limited (IICRA India). It is second largest Indian rating comapany in term of customer base. It was a joint-venture between Moody's and various Indian commercial banks and financial services companies.
Headquarters is in Gurgaon (Haryana),India
CREDIT ANALYSIS AND RESEARCH LIMITED (CARE)
CARE Ratings commenced operations in April 1993 and over nearly two decades, it has established itself as the second-largest credit rating agency in India.
CARE’s registered office and head office, is located in Mumbai
CREDIT RATING INFORMATION SERVICES OF INDIA LIMITED (CRISIL)
CRISIL is a global analytical company providing ratings, research, and risk and policy advisory services. CRISIL’s majority shareholder is Standard & Poor's, a division of The McGraw-Hill Companies and provider of financial market intelligence.
In India, CRISIL Research is an independent and integrated research house and provides growth forecasts, profitability analysis, emerging trends, expected investments, industry structure and regulatory frameworks.
Headquarters is in Mumbai.
SME RATING AGENCY OF INDIA (SMERA)
SME Rating Agency of India Limited (SMERA) is a third party rating agency exclusively set up for micro, small and medium enterprises (MSME) in India for ratings on creditworthiness. It provides ratings which enable MSME units to raise bank loans at competitive rates of interest Headquarters is in Mumbai.
BRICKWORK RATINGS INDIA PVT. LTD.
Brickwork Ratings India Pvt. Ltd. operates as a credit rating agency. It offers bank loan ratings for external commercial borrowings, term loans, working capital loans, buyers credit, cash credit/packing credit, overdraft, bank guarantees, bill purchase/discounted, and letters of credit.
Headquarters is in Bengaluru.
INDIA RATINGS AND RESEARCH PRIVATE LIMITED
India Ratings & Research (Ind-Ra) is India's Most Respected rating agency committed to providing the India's credit markets with accurate, timely and prospective credit opinions.
India Ratings & Research (Ind-Ra) provides credit ratings and research services for India based credits. Ind-Ra is part of the Fitch Group, which in turn is a jointly-owned subsidiary of Fimalac, S.A. and Hearst Corporation Corporate Headquarters is in Mumbai.
ONICRA CREDIT RATING AGENCY OF INDIA LTD.
Onicra Credit Rating Agency is one of the leading Credit and Performance Rating agencies in India. It provides ratings, risk assessment and analytical solutions to Individuals, MSMEs and Corporates.
Corporate Office is in Gurgaon,Haryana.
STANDARD & POOR'S (S&P)
Standard & Poor's (S&P) is an American financial services company. It is adivision of McGraw Hill Financial that publishes financial research and analysis on stocks and bonds. S&P is known for itsSTOCK MARKET
indices such as the U.S.- based S&P 500, the Canadian S&P/TSX, the Australian S&P/ASX 200, and India's S&P CNX Nifty. S&P is considered one of the Big Three credit-rating agencies, which also include Moody's Investor Service and Fitch Ratings. Its head office is located New York City, United States.MOODY'SINVESTORS
SERVICEMoody's Investors Service, often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its historical name. Moody's Investors Service provides international financial research on bonds issued by commercial and government entities and, with Standard & Poor's and Fitch Group, is considered one of the Big Three credit rating agencies.
Headquarters is in New York City, United States.
CREDIT INFORMATION BUREAU (INDIA) LIMITED (CIBIL)
Credit Information Bureau (India) Limited (CIBIL) is India’s first Credit Information Company (CIC) founded in August 2000. CIBIL collects and maintains records of an individual’s payments pertaining to loans andCREDIT CARDS
. These records are submitted to CIBIL by member banks and credit institutions, on a monthly basis. This information is then used to create Credit Information Reports (CIR) and credit scores which are provided to credit institutions in order to help evaluate and approve loan applications.Headquartered at Mumbai.
ASSET RECONSTRUCTION COMPANY (INDIA) LIMITED (ARCIL)
Asset Reconstruction Company (India) Limited (Arcil) is India's first and largest asset reconstruction company, to commence business of resolution of Non-Performing Assets (NPAs) upon acquisition from Indian banks and financial institutions. It is sponsored by prominent banks and financial institutions namely State Bank of India (SBI), IDBI Bank Limited (IDBI), ICICI Bank Limited (ICICI) and Punjab National Bank (PNB). Arcil has its registered office at Mumbai, Maharashtra.
DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION (DICGC)
Deposit Insurance and Credit Guarantee Corporation (DICGC) is a subsidiary of Reserve Bank of India. It was established on 1961 under Deposit Insurance and Credit Guarantee Corporation Act, 1961 for the purpose of providing insurance of deposits and guaranteeing of credit facilities. DICGC insures all bank deposits, such as saving, fixed, current, recurring deposits for up to the limit of Rs. 100,000.
BOMBAYSTOCK EXCHANGE
(BSE)Bombay Stock Exchange, commonly referred to as the BSE, (Bombay Share Bazaar) is a stock exchange located on Dalal Street, Mumbai, Maharashtra, India.
It is the 11th largest stock exchange in the world by market capitalisation as of 31 December 2012. Established in 1875, BSE Ltd. (formerly known as Bombay Stock Exchange Ltd.), is Asia’s first Stock Exchange and one of India’s leading exchange groups. Over the past 137 years, BSE has facilitated the growth of the Indian corporate sector by providing it an efficient capital-raising platform.
NATIONALSTOCK EXCHANGE
OF INDIA (NSE)The National Stock Exchange (NSE) is stock exchange located in Mumbai, India. National Stock Exchange (NSE) was established in the mid 1990s as a demutualised electronic exchange. NSE provides a modern, fully automated screenbasedTRADING SYSTEM
, with over two lakh trading terminals, through which investors in every nook and corner of India can trade. NSE has played a critical role in reforming the Indian securities market and in bringing unparalleled transparency, efficiency and market integrity.STOCK HOLDING CORPORATION OF INDIA LIMITED (SHCIL)
Stock Holding Corporation of India Ltd (SHCIL), India’s largest custodian and depository participant based in Mumbai, Maharashtra. It was established in 1986 under the Government of India as public limited company Stock Holding Corporation of India (SHCIL), the country's first and one of the largest security custodians to financial institutions, will be merged with stateowned lender IDBI Bank, subject to approvals from regulators and other SHCIL stakeholders.
ENTREPRENEURSHIP DEVELOPMENT INSTITUTE OF INDIA (EDI)
The Entrepreneurship Development Institute of India (EDI), an autonomous and not-for-profit institute, set up in 1983, is sponsored by the IDBI Bank Ltd., IFCI Ltd., ICICI Bank Ltd. and State Bank of India (SBI). The government of Gujarat pledged twenty-three acres of land on which stands the EDI campus.
Located in Gujrat.
OTC EXCHANGE OF INDIA (OTCEI)
OTC Exchange Of India (OTCEI) also known as Over-the-Counter Exchange of India based in Mumbai, Maharashtra.It is the first exchange for small companies.[3] It is the first screen based nationwide stock exchange in India.It was set up to access high-technology enterprising promoters in raising finance for new product development in a cost effective manner and to provide transparent and efficientTRADING SYSTEM
to the investors INTER-CONNECTEDSTOCK EXCHANGE
OF INDIAInter-connected Stock Exchange Ltd. (ISE) started its operation in 1998 in Vashi, Mumbai. It is a national-level stock exchange, providing trading, clearing, settlement, risk management and surveillance support toITS TRADING
members. It has 841 trading members, who are located in 18 cities. MULTI COMMODITY EXCHANGE
(MCX)MULTI COMMODITY EXCHANGE
of India Ltd (MCX) is an independent commodity exchange based in India. It was established in 2003 and is based in Mumbai. The turnover of the exchange for the fiscal year 2009 was US$ 1.24 trillion, and in terms of contracts traded, it was in 2009 the world's sixth largest commodity exchange. MCX offers futures trading in bullion, ferrous and non-ferrous metals, energy, and a number of agricultural commodities (mentha oil, cardamom,potatoes, palm oil and others).INTREX TRADE EXCHANGE LTD
Intrex Trade Exchange Ltd is India's first ever Cash Trade Exchange, based in Mumbai, Maharashtra. formerly known as Intrex India Ltd, is a public limited company incorporated in Year 2000 by Essel Group.The Trade exchange, comprising both a cash and a cashless exchange, offers Indian businesses an integrated platform for their finance, marketing and sourcing requirements.
NATIONAL SECURITIES DEPOSITORY LIMITED(NSDL)
National Securities Depository Limited (NSDL), is the first central securities depository in India based in Mumbai.It is promoted by institutions of national stature responsible for the economic development of India and has established a national infrastructure of international standards that handles most of the securities held and settled in dematerialised form in the Indian capital market
IDRBT
Institute for Development & Research in Banking Technology or IDRBT is a banking research institute, established in 1996 by Reserve Bank of India (RBI), and is located at Hyderabad, India.RBI established IDBRT with the aim of providing the operational service support in Information Technology to Banks and Financial Institutions. The first phase of reforms in the Indian Financial Sector precipitated the need for an Apex Level Institute, for implementing Banking Technology and Technology Absorption in the Indian Banking and Financial Sector.
IDBRT is also an academic institution that offers a range of Academic and Research Programs, designed specifically to meet both the existing and emerging requirements of the Banking and Financial Sector in India.
BANKING CODES AND STANDARDS BOARD OF INDIA
The Banking Codes and Standards Board of India is an independent banking industry watchdog that protects consumers of banking services in India. The board oversee compliance with the "Code of Bank's Commitment to Customers". It is not a compensation mechanism and looks into an individual complaint only to the extent it points to any systemic compliance failure. It is an independent and autonomous body, registered as a separate society under the Societies Registration Act, 1860 on February 18, 2006.
Headquarters is in Mumbai.
ASSET MANAGEMENT COMPANY (AMC)
An Asset Management Company (AMC) is an asset management / investment management company/firm that invests the pooled funds of retail investors in securities in line with the stated investment objectives. For a fee, the company/ firm provides more diversification, liquidity, and professional management consulting service than is normally available to individual investors. The diversification of portfolio is done by investing in such securities which are inverselycorrelated to each other. Money is collected from investors by way of floating
various mutual fund schemes.
Associated Chambers of Commerce and Industry of India (ASSOCHAM)
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) is one of the apex trade associations of India. The organisation represents the interests of trade and commerce in India, and acts as an interface between industry, government and other relevant stakeholders on policy issues and initiatives. The goal of this organization is to promote both domestic and international trade, and reduce trade barriers while fostering conducive environment for the growth of trade and industry of India.
Headquarters is in New Delhi.
FEDERATION OF INDIAN CHAMBERS OF COMMERCE AND INDUSTRY (FICCI)
The Federation of Indian Chambers of Commerce and Industry (FICCI) is an association of business organizations in India. Established in 1927, on the advice of Mahatma Gandhi by GD Birla and Purushottam Das Thakurdas, it is the largest, oldest and the apex business organisation in India. It is a non-government, notfor- profit organisation. FICCI draws its membership from the corporate sector, both private and public, including SMEs and MNCs.
It is headquartered in the national capital New Delhi and has presence in 11 states in India and 8 countries across the world
EXPORT CREDIT GUARANTEE CORPORATION OF INDIA (ECGC)
The Export Credit Guarantee Corporation of India Limited (ECGC) is a company wholly owned by the Government of India based in Mumbai, Maharashtra. It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce. Government of India had initially set up Export Risks Insurance Corporation (ERIC) in July 1957. It was transformed into Export Credit and Guarantee Corporation Limited (ECGC) in 1964 and to Export Credit Guarantee Corporation of India in 1983 ECGC is the fifth largest credit insurer of the world in terms of coverage of national exports
Headquartered at Mumbai.
CENTRAL REGISTRY OF SECURITISATION ASSET RECONSTRUCTION AND SECURITY INTEREST (CERSAI)
The Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) is a company licensed under section 25 of the Companies Act, 1956 and registered by the Registrar of Companies, New Delhi. CERSAI was promoted by central government to prevent frauds involving multiple lending by different banks on the same immovable property. It became operational on March
31,2011.
The Company is a Government Company with a shareholding of 51% by the Central Government and select Public Sector Banks and the National Housing Bank are also shareholders of the Company.
Objective: The object of the company is to maintain and operate a Registration System for the purpose of registration of transactions of securitisation, asset reconstruction of financial assets and creation of security interest over property, as contemplated under Chapter IV of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. (SARFAESI Act).
The Registration would be applicable to transactions of security interest over property created to secure loans and advances from the banks and financial institutions as defined under the SARFAESI Act
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