(i) The corporation grants loans and advances to industrial concerns. (ii) Granting of loans both in rupees and foreign currencies. (iii) The corporation underwrites the issue of stocks, bonds, shares etc.
What is the objective of IFCI?
The main objective of IFCI is to provide medium and long-term financial assistance to large-scale industrial undertakings , particularly in those circumstances in which banking accommodation is inappropriate or a resource to the capital market is impracticable i.e. finance could not be raised by the concerned issue of ...
What are the functions of IDBI?
- Planning, promoting and developing industries with a view to fill the gaps in the industrial structure by conceiving, preparing and floating new projects.
- Providing technical and administrative assistance for promotion, management and expansion of industry.
What is the management of IFCI?
| Management | Shakti Kumar General Manager | Suneet Shukla General Manager & Chief Risk Officer | Sunil Kumar Bansal Deputy Managing Director | V Anish Babu General Manager |
|---|
What is the main activities of IFCI?
Functions of the IFCI
First, the main function of the IFCI is to provide medium and long-term loans and advances to industrial and manufacturing concerns .
Is IDBI full form?
Industrial Development Bank of India Limited
Industrial Development Bank of India (IDBI) was constituted under the Industrial Development Bank of India Act, 1964 as a Development Financial Institution (DFI) and came into being on July 01, 1964, vide GoI notification dated June 22, 1964.
Which types of credit is provided by IFCI?
IFCI offers financial solutions in areas of corporate finance through Balance Sheet Funding, Loan Against Shares, Lease Rental Discounting, Promoter Funding, Long Term Working Capital requirements , Capital Expenditure and regular Maintenance Capex.
What is the full form of IFCI?
IFCI Ltd (IFCI) was set up as a Statutory Corporation (“The Industrial Finance Corporation of India”) in 1948 for providing medium and long term finance to industry. Currently, IFCI is a Government Company with Government of India holding 61.02% of paid-up capital of IFCI. ...
Which of the following are the objective and function of IDBI?
The main functions of IDBI are discussed below:
(i) To provide financial assistance to industrial enterprises . (ii) To promote institutions engaged in industrial development. ... (iv) To undertake market and investment research and surveys in connection with development of industry.
What is the main objective of IDBI?
The main objectives of IDBI is to serve as the apex institution for term finance for industry in India . Its objectives include: Co-ordination, regulation and supervision of the working of other financial institutions such as IFCI , ICICI, UTI, LIC, Commercial Banks and SFCs.
What is RBI and what are its functions?
In the Indian context, the basic functions of the Reserve Bank of India as enunciated in the Preamble to the RBI Act, 1934 are: “ to regulate the issue of Bank notes and the keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to ...
What are the four basic objectives of SIDBI?
The objectives of SIDBI are giving financial aid to MSMEs, refinancing banks and financial institutions, regulating the micro, small and medium enterprise financial companies, facilitating technology modernisation & upgradation .
What are the functions of Export Import Bank?
The main function of the Export and Import Bank of India is to provide financial and other assistance to importers and exporters of the country . And it oversees and coordinates the working of other institutions that work in the import-export sector.
When was banking regulation act passed?
| Act ID: 194910 | Enactment Date: 1949-03-10 | Act Year: 1949 | Short Title: The Banking Regulation Act, 1949 | Long Title: An Act to consolidate and amend the law relating to banking. |
|---|
Where is the head office of IFCI situated?
| Location Type Address | Others HIG 4/8 BDA Colony Chandrasekharpur Bhubaneswar – India Phone1 – 91-674-2302266 Email – | Registered Office IFCI Tower 61 Nehru Place P B No 4499 New Delhi – India Phone1 – 91-11-41792800/41732000/26487444 Phone2 – N.A. Email – [email protected] |
|---|
Is IDBI good bank?
Their service is good . Need to maintain a minimum balance of 1000 rupees on monthly and now there was no requirement. 0.5 5.0/5 “Blown Away!” From 2018, i have been using the salary account from IDBI bank and the banking service is good.
