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

The Reserve Bank of India currently has five fully owned subsidiaries: 

1. Deposit Insurance and Credit Guarantee Corporation of India (DICGC) — Included in your list as (C).
2. Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) — Included in your list as (D).
3. Reserve Bank Information Technology Private Limited (ReBIT).
4. Indian Financial Technology and Allied Services (IFTAS).
5. Reserve Bank Innovation Hub (RBIH). 

Why other options are incorrect

•  (A) National Housing Bank (NHB): While it was a wholly owned subsidiary of the RBI since its inception in 1988, the Government of India (GoI) purchased the entire stake from the RBI in April 2019. It is now 100% owned by the GoI.
•  (B) National Bank for Agriculture and Rural Development (NABARD): Initially set up with RBI shareholding, the GoI now holds 100% stake in NABARD after buying out the RBI's remaining shares in 2019.
•  (E) Securities Trading Corporation of India (STCI): This was promoted by the RBI in 1994, but the RBI divested its entire stake in the company years ago. It is not a subsidiary of the RBI