study material on finance 21

May 14th, 2015
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it was made the principal financial institution for coordinating the activities of institutions engaged in financing, promoting and developing industry in the country.

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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 ofIndia.it 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

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