FINANCIAL ORGANISATION

Financial Organisation

EXPORT IMPORT BANK OF INDIA (EXIM)

• EXIM was established in 1982

• Export import Bank of India is the premier Export finance institutions in india

• Headquarters located at Mumbai, Maharashtra

• Government of India launched the institution with a mandate to not just enhance exports from India, but also to integrate the country's foreign trade and investment with the overall economic growth

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA (ECGC)

• ECGC watch established in 1957

• The export credit guarantee corporation of India limited is a company wholly owned by the government of India

• Ecgc was set up with  an objective to provide insurance cover in respect of risks in export trade. The risk mein include loss of money on account of foreign buyers becoming bankrupt or sudden import or exchange restrictions resulting in stopping of payments etc

• Headquarters allocated at Mumbai, Maharashtra

• It provides export credit insurance support to Indian exporters and his controlled by the ministry of commerce Government of India

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA LIMITED (SIDBI)

• SIDBI was set up in 1990

• Small industries Development Bank of India is aimed to aid the growth and development of micro,small and medium scale enterprises (MSME) in India

• Headquarters located at Lucknow, Uttar Pradesh

• It was incorporated initially as a woolly won't subsidiary of the Industrial Development Bank of India. Current shareholding is widely spread among various state owned banks, insurance companies and Financial Institutions

• The purpose is to provide refinance facilities and short term lending to industries

• SIDBI has also floated several other entities for related activities

• Credit guarantee fund trust for micro and small enterprises

• SIDBI venture capital Limited

• SME rating agency of India Limited

• India SME asset reconstruction company

MICRO UNITS DEVELOPMENT AND REFINANCE AGENCY LIMITED (MUDRA)

• MUDRA Limited, stands for micro units development and refinance agency Limited, is a non banking financial institution being set up by government of India for development and refinancing micro units enterprises

• MUDRA Limited, statutory body, was set up as a result of Pradhan mantri mudra Yojana (PMMY), which was launched in April 2015

• MUDRA Bank setup with refinance Corpus of 20,000 crores

• The major role of MUDRA Limited would be in refinancing and developing micro enterprises

• It will provide funds to non corporate small business sector

• Government of India converted MUDRA Limited into MUDRA Bank

• MUDRA Bank does credit is wholly owned subsidiary of SIDBI, which will be known as Mudra (SIBBI) Bank

• A credit guarantee fund for MUDRA units (CGFMU) established with initial Corpus of 3000 crore

• Headquarters located at New Delhi

Mudra loans are available in three categories - for small business,

1. SHISHU - loans up to 50000

2. KISHOR - beyond 50000 and up to 5 lakh

3. TARUN - beyond 5 lakh and up to 10 lakh

BOMBAY STOCK EXCHANGE (BSE)

• BSE located at Mumbai

• BSE was established in 1875

• The Bombay stock exchange is the oldest exchange in Asia

• Index : sensex (sensitive index), it consists of 3 Blue chip stocks

NATIONAL STOCK EXCHANGE (NSE)

• NSE is located at Mumbai

• NSE was established in 1992

• NSE ki index is the S & P CNX NIFTY, known as NSE NIFTY (National stock exchange fifty), it includes 50 large cap stocks

• NSE was set up by government of India on the recommendation of perwani committee in 1991

• Promoted by industrial Development Bank of India (IDBI) at the behest of GOI

INDUSTRIAL FINANCE CORPORATION OF INDIA LIMITED (IFCI)

• IFCI, previously industrial Finance corporation of India, is an Indian Government owned Development Bank to cater to the long term finance needs of the industrial sector

• It was the first development financial institution established by the Indian government after independence in 1948

• Headquarters located at New Delhi

• The function of the IFCI base as follows:

• The corporation grants loans and advances to industrial concerns

• Dakar operation under rights the issue of stocks, bonds, shares etc

• The corporation can grant loans only to public limited companies and cooperative but not to private limited companies are partnership firms

INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY (IDFC)

• Infrastructure Development Finance company is a finance company based in India. It provides finance and advisory services for infrastructure projects as well as asset management and investment banking

• IDFC was incorporated in 1997

• Headquarters located at Chennai Tamil Nadu

INDIAN RAILWAY FINANCE CORPORATION (IFRC)

• Indian railway Finance corporation loan as IRFC is a finance form of the Indian railway

• It raises financial resources for expansion and running through capital markets and other borrowings

• It was established in 1987

• Headquarters located in Mumbai, Maharashtra

POWER FINANCE CORPORATION (PFC)

• Power Finance corporation Limited is a financial institution

• Established in 1986, it is the financial backbone of power sector

• Headquarters located at New Delhi

EMPLOYEES PROVIDENT FUND ORGANISATION (EPFO)

• The employees provident Fund organisation (abbreviated to EPFO), is a statutory body of Government of India under the ministry of labour and employment

• It was established in 1952

• Headquarters located at New Delhi

INSURANCE

• Insurance companies in India the insurance companies offer protection against losses

• Export credit guarantee corporation and the agricultural insurance company are specialized insurers

LIFE INSURANCE CORPORATION OF INDIA (LIC)

• The Oriental Life Insurance company, the first company in India offering Life Insurance coverage, was established in Calcutta in 1818 by Anita Bhavsar and others. It's primary target market was the European based in India and it charged Indians heptier premiums

• Surendranath Tagore had founded "Hindustan insurance society", which latter became Life Insurance corporation

• It was established on September 1st 1956 which set up the pace of nationalization of the Insurance sector under the stewardship of C.D. Deshmukh

• It has head office at Mumbai, Maharashtra

• It is the single largest investor in the country

GENERAL INSURANCE CORPORATION (GIC)

GIC was established on January 1st 1972 with its four subsidiaries

1. National Insurance company Limited - headquarter: Kolkata, West Bengal

2. The New India assurance company Limited - headquarter: Mumbai, Maharashtra

3. The Oriental Insurance company Limited - New Delhi

4. United India Insurance company Limited - Chennai, Tamil Nadu

AGRICULTURE INSURANCE COMPANY OF INDIA (AIC)

• Agriculture insurance company of India Limited aic offers yield - based and whether - based crop Insurance programs in almost 500 districts of India

• It was established in 2002

• Headquarters located at New Delhi

• It covers almost 20 million farmers, making at the biggest crop Insurer in the world in number of farmers served

EMPLOYEES STATE INSURANCE CORPORATION (ESIC)

• ESIC was established in 1952

• Headquarters located at New Delhi

• Employees State Insurance corporation is a self financing social security and Health Insurance scheme for Indian workers

• ESIC is an autonomous corporation by a statutory creation under ministry of labour and employment, Government of India

UNIT TRUST OF INDIA (UTI)

• UTI was the first mutual fund company in India, which was established in 1964 and its headquarter located at Mumbai Maharashtra

• UTI was set up with a view to encourage savings and investment. It mobilizes savings of small investors through sale of units and channel is them into corporate investments mainly by way of secondary capital market operations

• Its primary objective is to stimulate and pool the savings of the middle and low income groups and enable them to share the benefits of the rapidly growing industrialization in the country

CREDIT INFORMATION BUREAU (INDIA) LIMITED (CIBIL)

• Credit information bureau (India) Limited is India's first credit information company (CIC) founded in 2000 and It headquarters located at Mumbai, Maharashtra

• CIBIL collects and maintain records of an individual's payments pertaining to loans and credit 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 score which are provided to credit institutions in order to help evaluate and approve loan applications

• The other credit information companies which are operating in India are equifax, experian and high marks. The credit information is reportedly assisting banks in better credit decisions and screening customers whose records indicate that they are willful defaulters

• CIBIL scores their rating from 300 to 900, 300 being the lowest

• Equifax is another such credit rating agency, they score between 1 - 999 points

CREDIT RATING AGENCIES (CRA)

• CRA is a company that assigns credit ratings to institutions that issue debt obligations

• These institutions can be companies, cities, non profit organisations or national governments and the securities

Credit rating institutions:

1. Credit rating information services of India Limited (CRISIL) - Mumbai, Maharashtra

2. Investment information and credit rating agency (ICRA) - Gurgaon, Haryana

3. Credit analysis and research Limited (CARE) - Mumbai, Maharashtra