RBI Thiruvananthapuram RBI Thiruvananthapuram RBI Thiruvananthapuram is a branch office of the Reserve Bank of India with its jurisdiction covering the State of Kerala and the Union Territory of Lakshadweep. This regional office contains nearly all of the major Departments of Reserve Bank of India. The only exceptions are the departments of Foreign Exchange (FED) and Economic Policy & Research (DEPR), both of which are housed at the Bank's sub-office at Kochi. The office is headed by Nirmal Chand, Regional Director. RBI Thiruvananthapuram started operating on 2 January 1954, from a rented building with just one Department, viz. Department of Banking Operations
Non-bank financial institution Non-bank financial institution A non-banking financial institution (NBFI) or non-bank financial company (NBFC) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFI facilitate bank-related financial services, such as investment, risk pooling, contractual savings, and market brokering. Examples of these include insurance firms, pawn shops, cashier's check issuers, check cashing locations, payday lending, currency exchanges, and microloan organizations. Alan Greenspan has identified the role of NBFIs in strengthening an economy, as they provide "multiple alternatives to transform an economy's savings into capital investment which act