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All India Financial Institutions: List of AIFIs

All India Financial Institutions are a group of regulatory bodies which help in regulating the economy. The purpose of these special bodies is to cater the needs of specific segments of  the economy. There are 5 All India Financial Institutions.

List of AIFIs

  1. EXIM Bank
  3. SIDBI
  4. NHB
  5. NabFID

The above five AIFIs were developed for different reason. Lets understand them one by one.

EXIM Bank:

  • It is established in 1982 under Export-Import Bank of India Act 1981.
  • It is the premier export finance institution of India.
  • It was previously a branch of IDBI, later made an independent body.
  • It is wholly owned by Government of India.
  • It was set up for the purpose of financing, facilitating and promoting foreign trade in India.
  • It is one of the five All India Financial institution which is regulated by RBI.
  • EXIM Bank headquarters lies in Mumbai.
  • EXIM Bank MD: Harsha Bangari


  • NABARD came into existence on 12 July 1982 by transferring the agricultural credit functions of RBI and refinance functions of the then Agricultural Refinance and Development Corporation (ARDC).
  • It was set up with an initial capital of Rs.100 crore, its’ paid up capital stood at Rs.17,080 crore as on 31 March 2022.
  • It wholly owned by Government of India.
  • NABARD MD :Shaji KV

To read more about NABARD:


  • Small Industries Development Bank of India (SIDBI) was set up on 2nd April 1990 under act of parliament.
  • It acts as the principal financial institution for financing of MSMEs.
  • SIDBI headquarters: Lucknow
  • SIDBI  Chairman: Sivasubramanian Ramann
  • To read in detail about SDIBI click here


  • National Housing Bank works for development of Housing loans sector of the economy.
  • The National Housing Policy, 1988 envisaged the setting up of NHB as the Apex level institution for housing.
  • In pursuance of the above, NHB was set up on July 9, 1988 under the National Housing Bank Act, 1987.
  • Reserve Bank of India initially contributed the entire paid-up capital. However, in terms of the amendment made to the NHB Act, 1987 in 2019, shares stand transferred from Reserve Bank of India to Government of India. The entire capital of NHB is now contributed by the Government of India.


  • NaBFID is a development financial institution for infrastructure financing.
  • This is special financial institution for long term financing. NaBFID was announced in the Budget 2021.
  • It was established under the National Bank for Financing Infrastructure and Development (NaBFID) Act, 2021.
  • NaBFID shall be regulated and supervised as an All India Financial Institution (AIFI) by the Reserve Bank under Sections 45L and 45N of the Reserve Bank of India Act, 1934.
  • NaBFID is the newest AIFI after EXIM Bank, NABARD, NHB and SIDBI.

To read more about NaBFID. click here

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