Which of the following are subsidiaries of RBI?
A. National Housing Bank (NHB)
B. National Bank for Agriculture and Rural Development (NABARD)
C. Export Import Bank (EXIM Bank)
D. Deposit Insurance and Credit Guarantee Corporation of India (DICGC)
E. Bhartiya Reserve Bank Note Mudran Private Limited (BRBNMPL)
Choose the correct answer from the options given below:

Correct option is D

RBI- It is the central bank of the country commonly known as Banker’s Bank. It was established to maintain monetary stability by implementing monetary policies to create financial stability in India. It starts its operation on April 1st, 1935 under the provisions of the RBI ACT 1935.
A Subsidiary company is a company that is owned and controlled by another company. Following are the subsidiaries of RBI.
 Bharatiya Reserve Bank Note Mudra- It was established in 1995. It maintains the demand and supply of the Indian banknote requirement in the country. It mints Indian bank notes.
 Deposit Insurance and Credit Guarantee Corporation – DICGC was established on 15 July 1978 under the Deposit Insurance and Credit Guarantee Corporation Act, 1961 for the motive of providing insurance of deposits and guaranteeing of credit.
 National Payments Corporation of India - It was established in December 2008 under section 8 of the Companies Act 2013. It is an umbrella organization that looks after retail payments and settlement systems in India.
 Reserve Bank Innovation Hub- It Is a wholly owned subsidiary of the Reserve Bank of India established on 24 March 2022 in Bengaluru. It is set up to promote and facilitate an environment that accelerates innovation across the financial sector.
 Indian Financial Technology and Allied Services- It was established in February 2015 by RBI under the Companies Act of 2013, mandated to design, deploy and support IT-related services to all Banks and Financial Institutions in the country and also to the Reserve Bank of India.