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Daily Archives: June 26, 2024

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Industrial Development Bank of India (IDBI)

Indian Financial SystemBy Surendra NaikJune 26, 2024

At the beginning of post-independence, the role of commercial banking in India was limited to working capital financing on a short-term basis, so the thrust of DFIs was on long-term finance to the industry and infrastructure sector in India. The role of DFIs was to recognize the gaps in institutions and markets in our financial…

Industrial   Credit   Investment   Corporation   of   India (ICICI)

Indian Financial SystemBy Surendra NaikJune 26, 2024

The Industrial Credit and Investment Corporation of India (ICICI), the first development finance institution in the private sector, came to be set up in January 1955, with the backing and funding of the World Bank. The primary objective of   ICICI was to develop small and medium industries in the private sector.  After the merger of…

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