CURRENT AFFAIRS

Detailed explanation-1: -Explanation: SIDBI is not a subsidiary of RBI. Deposit Insurance and Credit Guarantee Corporation, DICGC; National Housing Bank ; Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) and NABARD.

Detailed explanation-2: -Fully owned: Deposit Insurance and Credit Guarantee Corporation of India (DICGC), Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), Reserve Bank Information Technology Private Limited (ReBIT), Indian Financial Technology and Allied Services (IFTAS), Reserve Bank Innovation Hub (RBIH).

Detailed explanation-3: -The correct answer is National Housing Bank. National Housing Bank is a subsidiary of RBI.

Detailed explanation-4: -National Housing Bank is a statutory organization set up on July 9, 1988 under the National Housing Bank Act, 1987. NHB is wholly owned by Reserve Bank of India, which contributed the entire paid-up capital. 3.

Detailed explanation-5: -Subsidiaries are separate bodies for the regulation of tax & various liability purposes. The Reserve Bank of India has four such fully owned subsidiaries.