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Development Financial Institutions. A financial agencies that provide medium and long-term financial assistance and engaged in promotion and development of industry, agriculture and other key sectors.
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Development Financial Institutions • A financial agencies that provide medium and long-term financial assistance and engaged in promotion and development of industry, agriculture and other key sectors. • Ex: International Bank for reconstruction and Development (IBRD) also known as World Bank & International Monetary Fund (IMF)
Development Financial Institutions • Industrial Finance Corporation of India Ltd. (IFCI) • Industrial Development Bank of India (IDBI) • Industrial Investment Bank of India Ltd. (IIBI) • Small Industrial Development Bank of India (SIDBI) • Export Import Bank of India (EXIM) • National Bank For Agriculture & Rural Development (NABARD)
Universal Banking • One stop shop of financial products & services – everything from term finance, working capital, project advisory services etc. • Encompassing commercial banking and investment banking, including investment in equities and project finance.
Industrial Finance Corporation of India Ltd. • Set-up in 1948 to provide institutional credit to medium and large industries. • Project financing: Medium/Long term credit for setting up new project, expansion schemes, financial assistance by way of rupee loans, loans in foreign currencies, underwriting of direct subscription of shares/debentures. • Financial Services and corporate advisory services.
Industrial Development Bank of India • Established in 1964 for coordinating the working of institutions at national level and state levels engaged in financing, promoting and developing industries. • Provides merchant banking & corporate advisory services as a part of its fee based activities. • Provide advice & services for issue management, private placement of equity/debt instrument, project evaluation, corporate restructuring etc.
Small Industrial Development Bank of India • Set up in 1990, the principal financial institution for the promotion, financing and development of industries in the small sector and to co-ordinate the functions of other institutions engaged in similar activities. • An apex institution, SIDBI makes use of the network of the banks and state financial institutions. • Financial Products- Micro finance, venture capital, project finance, assistance for technology development, export finance etc.
Export-Import Bank of India • An apex institution which promotes foreign trade. • Creating export capability by arranging competitive financing at various stages of export cycle. • Bank provides export credit on deferred payment terms on exports of indian machinery, manufactured goods and technology services.
National Bank for Agriculture & Rural Development • An apex institution set up for providing & regulating credit and other facilities for the promotion & development of agriculture, small scale industries, cottage & village industries, handicrafts and other rural crafts and other allied economic activities in rural areas.
Industrial Credit & Investment Corporation of India Ltd. • First development bank in the world to be set up in the private sector • Objective is to provide medium-term & long-term financing to Indian business. • ICICI Securities & Finance Co. Ltd. • ICICI Venture Funds Management Co. Ltd. • ICICI Prudential Life Insurance • ICICI Home Finance Co. Ltd. • ICICI Investment Management Co. Ltd.