Which of the following subsidiaries are fully owned by the Reserve Bank of India?

(A) National Housing Bank

(B) National Bank for Agriculture and Rural Development

(C) The Deposit Insurance and Credit Guarantee Corporation of India

(D) Bhartiya Reserve Bank Note Mudran Private Limited (E) Securities Trading Corporation of India

Choose the correct answer from the options given below:

Correct option is A

Fully owned subsidiaries of RBI include:
· National Housing Bank (A): Regulates housing finance.
· Deposit Insurance and Credit Guarantee Corporation of India (C): Provides deposit insurance to banks.
· Bhartiya Reserve Bank Note Mudran Private Limited (D): Handles printing of banknotes.
Explanation of Incorrect Options:
· B. NABARD: Initially owned by RBI, but the Government of India now holds a majority stake.
· E. STCI: Not a subsidiary of RBI.
Information Booster: RBI owns subsidiaries to ensure financial stability, promote housing, manage currency, and safeguard depositor interests.
Additional Knowledge:
· National Housing Bank: Facilitates housing finance.
· BRBNMPL: Key in currency printing.
DICGC: Critical for deposit insurance and bank stability