2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Small Industries Development Bank of India
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Simple Industries Development Bank of India
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Small Industry Developmental Bank of India
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Small Industrial Developing Bank of India
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Detailed explanation-1: -Shri Sivasubramanian Ramann, belongs to 1991 batch of Indian Audit & Accounts Service (IA&AS). He joined as Chairman & Managing Director, Small Industries Development Bank of India (SIDBI) from 19th April 2021. Before joining SIDBI, he was MD & CEO of National E-Governance Services Limited (NeSL) from December 2016.
Detailed explanation-2: -State Bank of India is the largest shareholder in SIDBI at 16.73%. SBI is closely followed by the Government of India at 15.4%. The other shareholders in SIDBI are Life Insurance Corporation of India (LIC), NABARD, NHB, Exim Bank, General Insurance Corporation of India and several other national banks.
Detailed explanation-3: -Small Industries Development Bank of India (SIDBI) is an independent financial institution aimed at aiding the growth and development of Micro, Small and Medium Enterprises (MSMEs) which contribute significantly to the national economy in terms of production, employment and exports.