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  2. Specialized banks in India include12:
    1. Export-Import Bank of India (EXIM Bank): Provides export credit.
    2. National Bank for Agricultural and Rural Development (NABARD): Focuses on agriculture and rural development.
    3. National Housing Bank (NHB): Deals with housing finance.
    4. Small Industries Development Bank of India (SIDBI): Supports small industries.
    Learn more:

    Types of Specialised Banks

    • 1. The Export-Import Bank of India (EXIM Bank) The Export-Import Bank of India is a subsidiary of the National Bank for Agricultural and Rural Development (EXIM Bank). EXIM is an example of a specialised bank in India. ...
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    Specialized Banks in India | EXIM, NABARD, NHB, SIDBI | UPSC Notes

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    • People also ask
      What is a specialized bank?Specialized banks are a broad category of banks that include a number of subcategories of banks with very specific mandates. These subcategories include development banks, agriculture banks, housing companies, and microfinance institutions like small finance banks and payments banks. Here is a look at a few of these subcategories now.
      What are the specialized financial institutions in India?These are – Export-Import Bank of India (EXIM Bank), National Bank for Agriculture and Rural Development (NABARD), National Housing Bank (NHB) and Small Industries Development Bank of India (SIDBI). Export-Import Bank ranks high among the specialized financial institutions in India.
      How many types of specialized banks are there in India?There are three important types of specialized banks with different functions: The Export-Import (EXIM) Bank of India is the principal financial institution in India for coordinating the working of institutions engaged in financing export and import trade. It is a statutory corporation wholly owned by the Government of India.
      What are some specialised banks in India?The National Bank for Agriculture and Rural Development (NABARD), the Small Industries Development Bank of India (SIDBI), and the National Housing Bank (NHB) are a few examples of specialised banks in India. Willing to buy a home? Avail NoBroker Home Loans with the minimum interest rate and fulfil your dream
       
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