India at a Glance
  Advantage India
  Economy
  Investment
  Trade
  States & UTs
  Industry & Services
  Doing Business
  Studies & Surveys
  Visitor's Guide
 
 
INVESTMENT

NATIONAL LEVEL FINANCIAL INSTITUTIONS

Small Industries Development Bank Of India [SIDBI]

SIDBI has been set up by the Government of India with its headquarters in Lucknow, Uttar Pradesh, as the principal financial institution for promotion, financing and development of industries in the small scale sector and to coordinate functions of the institutions engaged in similar activities.

SIDBI aim is to serve as the principal financial institutions for promotion financing and development of industry in the small scale sector and to co-ordinate the functions of the institutions engaged in promoting, financing or developing industry in the small scale sector.

For more details please visit

Industrial Development Bank of India

IDBI was a wholly owned subsidiary of RBI up to February 1976. It was delinked from RBI w.e.f. February 1976 and was made an autonomous corporation fully owned by the Government of India. The IDBI is the apex financial institution and besides providing financial assistance on consortium basis, the major function of coordination between the various institutions is looked after by the bank. It also provides refinance facility to the eligible financial institutions including term loans. The bank sanctions the financial assistance to the industrial concerns engaged in the manufacture or processing of goods, mining, transport generation and distribution of power etc. both in private and public sectors. There is no restriction on the quantum of assistance or the maximum or minimum limits.

IDBI finances new projects/ expansions/ diversification/ modernizations of projects.It provides refinance facility to the primary lending institutions i.e. SFC/SIDC/Commercial Banks etc.

For more details please visit

Industrial Finance Corporation of India

The Industrial Finance Corporation of India (IFCI) was established on July 1, 1948, as the first Development Financial Institution in the country to cater to the long-term finance needs of the industrial sector. The newly-established DFI was provided access to low-cost funds through the central bank's Statutory Liquidity Ratio or SLR which in turn enabled it to provide loans and advances to corporate borrowers at concessional rates.

IFCI has fulfilled its original mandate as a DFI by providing long-term financial support to all segments of Indian Industry. It has also been chiefly instrumental in translating the Government's development priorities into reality. Until the establishment of ICICI in 1956 and IDBI in 1964, IFCI remained solely responsible for implementation of the government's industrial policy initiatives. Its contribution to the modernization of Indian industry, export promotion, import substitution, entrepreneurship development, pollution control, energy conservation and generation of both direct and indirect employment is noteworthy. For

For more details please visit

National Bank For Agriculture And Rural Development (NABARD)

NABARD is established as a development Bank, in terms of the Preamble of the Act, "for providing and regulating Credit and other facilities for the promotion and development of agriculture, small scale industries, cottage and village industries, handicrafts and other rural crafts and other allied economic activities in rural areas with a view to promoting integrated rural development and securing prosperity of rural areas and for matters connected therewith or incidental thereto."

NABARD

(i) serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas;

(ii) takes measures towards institution building for improving absorptive capacity of the credit delivery system, including monitoring, formulation of rehabilitation schemes, restructuring of credit institutions, training of personnel, etc. ;

(iii) co-ordinates the rural financing activities of all institutions engaged in developmental work at the field level and maintains liaison with Government of India, State Governments, Reserve Bank of India (RBI) and other national level institutions concerned with policy formulation; and

(iv) undertakes monitoring and evaluation of projects refinanced by it.

For more details please visit

ICICI Bank

ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary.

ICICI Bank is India's second-largest bank.ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital, asset management and information technology.

For more details please visit

State Bank of India

State Bank of India was constituted on 1 July 1955. More than a quarter of the resources of the Indian banking system thus passed under the direct control of the State. Later, the State Bank of India (Subsidiary Banks) Act was passed in 1959, enabling the State Bank of India to take over eight former State-associated banks as its subsidiaries (later named Associates).

The Bank is actively involved since 1973 in non-profit activity called Community Services Banking. All the branches and administrative offices throughout the country sponsor and participate in large number of welfare activities and social causes. Business is more than banking because we touch the lives of people anywhere in many ways.

For more details please visit

 

 

 

 
 
Home
About India In Business
Business Events
Business News
Contact Us
   
   
  India at a Glance
  Advantage India
  Economy
  Investment
  Trade
   
   
  States & UTs
  Industry & Services
  Doing Business
  Studies & Surveys
  Visitor Guide
     
     
Best viewed in 1024 x 800 pxl Disclaimer