#1
18th October 2017, 11:03 AM
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Objective And Working Of IDBI
Hii sir, I Wants to get the Information About the Functions And Objectives of the Industrial Development Bank of India ?
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#2
18th October 2017, 11:40 AM
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Re: Objective And Working Of IDBI
Industrial Development Bank of India (IDBI) established under Industrial Development Bank of India Act, 1964, is the principal financial institution for providing credit and other facilities for developing industries and assisting development institutions. Objective 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. Supplementing the resources of other financial institutions and there by widening the scope of their assistance. Planning, promotion and development of key industries and diversification of industrial growth. Devising and enforcing a system of industrial growth that conforms to national priorities. Function The IDBI has been established to perform the following functions- To grant loans and advances to IFCI, SFCs or any other financial institution by way of refinancing of loans granted by such institutions which are repayable within 25 year. To grant loans and advances to scheduled banks or state co-operative banks by way of refinancing of loans granted by such institutions which are repayable in 15 years. To grant loans and advances to IFCI, SFCs, other institutions, scheduled banks, state co-operative banks by way of refinancing of loans granted by such institution to industrial concerns for exports. To discount or re-discount bills of industrial concerns. To underwrite or to subscribe to shares or debentures of industrial concerns. To subscribe to or purchase stock, shares, bonds and debentures of other financial institutions. To grant line of credit or loans and advances to other financial institutions such as IFCI, SFCs, etc. To grant loans to any industrial concern. To guarantee deferred payment due from any industrial concern. To guarantee loans raised by industrial concerns in the market or from institutions. To provide consultancy and merchant banking services in or outside India. |
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