Question
Download Solution PDFWhat is the full form of 'SIDBI' in banking terminology?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Small Industries Development Bank of India.
Key Points
- SIDBI stands for Small Industries Development Bank of India.
- Small Industries Development Bank of India (SIDBI) was set up on 2nd April 1990 under an Act of the Indian Parliament.
- It was formed in the year 1990.
- It is the apex regulatory body for the licensing and regulation of micro, small and medium enterprise finance companies in India.
- It comes under the jurisdiction of the Ministry of Finance.
- Its headquarters is located at Lucknow, Uttar Pradesh.
- SIDBI is regulated and supervised by the Reserve Bank of India.
Last updated on Jun 12, 2025
-> OSSC CGL Final Merit List has been released on the official website.
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