| 3rd April 2020 05:38 PM | |
| Arvind Kumar | Re: Role Of IDBI Bank PDF IDBI Bank was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry Role of IDBI As an apex development bank, the IDBI’s major role is to co-ordinate the activities of other development banks and term-financing institutions in the capital market of the country. Providing technical and administrative assistance for promotion, management and expansion of industry thus performing promotional and development functions Direct Assistance: 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. Indirect Assistance: Providing refinancing facilities to the IFCI, SFCs and other financial institutions approved by the government. IDBI subscribes to the shares and bonds of the financial institutions and thereby provide supplementary resources. 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. Subsidiaries of IDBI Bank IDBI Capital Market Services Limited (ICMS) IDBI Intech Limited (IIL) IDBI Asset Management Limited (IAML) IDBI MF Trustee Company Limited (IMTCL) DBI Trusteeship Services Ltd (ITSL) Contact: Registered Office: IDBI Bank Ltd. IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai 400005. Swift: IBKLINBB |
| 3rd April 2020 05:12 PM | |
| Unregistered | Role Of IDBI Bank PDF I am MBA student and got an assignment to make project on the topic IDBI Bank searching for this bank details. Will you provide me details about the role of IDBI Bank so that I can put details in my project report also provide list of subsidiaries available for IDBI Bank? |
