Development Financial Institutions

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.