When RBI Played Angel Investor To India’s Early Financial Institutions

Last week, RBI transferred its stake in NABARD and NHB to the Government. Now RBI just has three subsidiaries on its balance sheet.

However, there is a long history of how RBI played the role of VC in developing India’s Financial Institutions of different kinds. Perhaps RBI is of the few central banks which are unique in this aspect.

My BQ piece (behind paywall) tracks this interesting journey, which is one of several in RBI’s history.

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