study material on finance 21

May 14th, 2015
Studypool Tutor
Adelphi University
Price: $20 USD

Tutor description

it was made the principal financial institution for coordinating the activities of institutions engaged in financing, promoting and developing industry in the country.

Word Count: 674
Showing Page: 1/10
Industrial Development Bank ofIndia(IDBI) The Industrial Development Bank of India wasestablished in theyear 1964 by the Act ofParliamentIt is wholly owned subsidiary of the Reserve Bank was made the principal financial institution forcoordinating the activities of institutions engaged infinancing, promoting and developing industry in thecountry.It is currently 10th largest development bank inthe world in terms of reach with 1594 ATMs, 1000branches including one overseas branch at DIFC,Dubai and 678 centers including two overseascentres at Singapore & Beijing.INDUSTRIAL CREDIT AND INVESTMENT CORPORATION OFINDIA LIMITED(ICICI) Industrial Credit and InvestmentCorporation of India Limited (ICICI) wasestablished in 1955 as public limitedcompany to encourage and assist industrialunits in the countryIts objectives, inter alia, include providingassistance in the creation, expansion andmodernisation of industrial enterprises,encouraging and promoting participation ofprivate capital both internal and external, insuch enterprises, encouraging and promotingindustrial development and helpingdevelopment of capital markets.It providesterm loans in Indian and foreign currencies,underwrites issues of shares and debentures,makes direct subscriptions to these issuesFunctions ofthe ICICI(i) It provides long-term andmedium-term loans in rupees andforeign currencies.(ii) It underwrites new issues ofshares and debentu

Review from student

Studypool Student
" Great stuff, glad they allow me to choose tutors. Would definitely come back for this tutor. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1828 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors