The Small Industries Development Bank of India was established as a wholly owned subsidiary of _____.

ECGC

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RBI

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NABARD

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IDBI

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Solution

The correct option is D IDBI

Small Industries Development Bank of India is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises (MSME) in India. Set up on April 2, 1990 through an act of parliament, it was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India (IDBI).

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