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30th September 2017, 12:09 PM
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Join Date: Aug 2012
Re: Explain The Role Of IDBI

Don t worry I will let you know Indian Bank, types of roles and functions so that you can go through them.

Role performed by bank

Providing technical and administrative assistance for promotion, management and expansion of industry thus performing promotional and development functions.

The IDBI grants loans and advances to industrial concerns.

The bank guarantees loans raised by industrial concerns in the open market from the State Co operative Banks, the Scheduled Banks, the Industrial Finance Corporation of India (IFCI) and other notified financial institutions.

Providing refinancing facilities to the IFCI, SFCs and other financial institutions approved by the government.

Coordinating the activities of financial institutions for the promotion and development of industries.

IDBI is the leader, coordinator and innovator in the field of industrial financing in our country. Its major activity is confined to financing, developmental, co-ordination and promotional functions.

Planning, promoting and developing industries with a view to fill the gaps in the industrial structure by conceiving, preparing and floating new projects.

Functions
1. Planning, promoting and developing industries with a view to fill the gaps in the industrial structure by conceiving, preparing and floating new projects.

2. Providing technical and administrative assistance for promotion, management and expansion of industry.

3. Providing refinancing facilities to the IFCI, SFCs and other financial institutions approved by the government.

4. Coordinating the activities of financial institutions for the promotion and development of industries.

5. Purchasing or underwriting shares and debentures of industrial concerns.

6. Guaranteeing deferred payments due from industrial concerns and for loans raised by them.

7. Undertaking market and investment research, surveys and techno-economic studies helpful to the development of industries.



Address:-
Indian Bank
PB No: 5555, 254-260, Avvai Shanmugam Salai,
Royapettah, Chennai - 600 014

Phone:-
044 28134300


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