INDUSTRIAL DEVELOPMENT BANK OF INDIA

It's about Industrial Development Bank Of India.It's history,formation,objectives and functions in brief

1. INDUSTRIAL DEVELOPMENT BANK OF INDIA BY MOHAN SATHVIK

2. INTRODUCTION IDBI Bank (Industrial Development Bank of India) was established in 1964 by an  Act of Parliament It is owned by the Government of India At present the government holds 77% stake in IDBI Bank 2

3. History Industrial Development Bank of India (IDBI) was constituted under Industrial Development Bank of India Act, 1964 as a Development Financial Institution ( DFI) It continued to serve as a DFI for 40 years till the year 2004 when it was transformed into a Bank . It was regarded as a Public Financial Institution in terms of the provisions of the Companies Act, 1956 3

4. Formation of Industrial Development Bank of India (IDBI) In 1976, the ownership of IDBI was transferred to the Government of India. Some of the institutions built with the support of IDBI are the Securities and Exchange Board of India (SEBI), National Stock Exchange of India (NSE), the National Securities Depository Limited (NSDL 4

5. Last Subsequently, in September 2004, the Reserve Bank of India incorporated IDBI as a 'scheduled bank' under the RBI Act, 1934. First A committee formed by RBI recommended the development financial institution (IDBI) to diversify  . Second   IDBI reshaped its role from a development finance institution to a commercial institution . 5 Conversion of IDBI into a commercial bank

6. The main objectives of IDBI is to serve as the apex institution for term finance for industry in India. Its objectives include: Co-ordination, regulation and supervision of the working of other financial institutions such as IFCI , ICICI, UTI, LIC, Commercial Banks and SFCs. 6 Objectives and functions of IDBI

7. Functions 7

8. 1. TO PROVIDE FINANCIAL ASSISTANCE TO INDUSTRIAL ENTERPRISES. 8

9. 2. TO PROMOTE INSTITUTIONS ENGAGED IN INDUSTRIAL DEVELOPMENT. 9

10. 3 . TO PROVIDE TECHNICAL AND ADMINISTRATIVE ASSISTANCE FOR PROMOTION MANAGEMENT OR EXPANSION OF INDUSTRY. 10

11. 4 . TO UNDERTAKE MARKET AND INVESTMENT RESEARCH AND SURVEYS IN CONNECTION WITH DEVELOPMENT OF INDUSTRY . . 11

12. INDIRECT ASSISTANCE IDBI ASSISTANCE DIRECT ASSISTANCE 12

13. Thanks! Any questions? 13

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