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PRESENTED BY: Click to edit Master subtitle style AGARWAL & SINGH MONIKA SWAPNIL
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INTRODUCTION
Development banks are the institutions engaged in the promotion and development of industry, agriculture and other key sectors. National or regional financial institution designed to provide medium- and long-term capital for productive investment. Such investment is usuallyaccompanied by technical assistance. Some development banks are governmentowned, while others are private.Many have been established under the auspices of the World Bank.
Among the largest are the Inter-American Development Bank, the Asian Development 3/30/12 Bank, and the African Development Bank.
DEFINITION
D.M. Mithani: A development bank may be defined as a financial institution concerned with providing all types of financial assistance (medium as well as long-term) to business units in the form of loans, 3/30/12underwriting, investment and
was felt very strongly immediately after India attained independence. The country needed a strong capital goods sector to support and accelerate the pace of industrialization. The existing industries required long term funds for their reconstruction, modernization, expansion & diversification programs while the new industries required enormous investment for setting up projects in the capital good sectors.
DEVELOPMENT FINANCIAL INSTITUTIONS (DFIs) IN INDIA financial institutions The need for development
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All India Development banks IDBI (1964) ICICI (1955) SIDBI (1990) IIBI (1997) IFCI (1948)
Investment Institutions
Refinance Institutions
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MANAGEMENT OF IDBI:
The management of IDBI is vested with the BOD consisting of 22 members nominated by the central govt. The board constitutes different Committees in order to assist in its operations.
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OBJECTIVES OF IDBI
To coordinate, supplement & integrate the activities of other existing financial institutios. To provide term finance to industry. To provide direct financial assistance to industrial concerns.
MODE OF ASSISTANCE:
CHANGE AGENT REGIONAL DEVELOPM ENT
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