WELCOME
KRISHNA CHANDRAN.V S1 MBA GIMS KADAKKAL
DEVELOPMENT BANKS
BASIC FUNCTIONS OF DEVELOPMENT BANKS
To
accelerate development. Creation & Promotion of enterprise. To ensure balanced regional development. To enhance industrial productivity. To conduct research.
Development banks
All India financial institutions
State level institutions
Other institutions
All India development banks IDBI ICICI SIDBI IIBI IFCI
Specialized financial institutions Exim banks RCTFC TFCI IDFC NEDFC
Investment institutions UTI LIC GIC
Refinance institutions NABARD NHB
SFCS
SIDCS
TCOs
ECGC
DICGC
ESTABLISH-1955
INDUSTRIAL CREDIT AND INVESTMENT CORPORATION OF INDIA(ICICI)
FUNCTIONS
It provides long-term and medium-term loans in rupees and foreign currencies. It underwrites new issues of shares and debentures. It guarantees loans raised by private concerns from other sources. It provides technical, managerial and administrative assistance to industrial concerns. It participates the equity capital of the industrial concerns.
ESTABLISH-1964
INDUSTRIAL DEVELOPMENT BANK OF INDIA(IDBI)
FUNCTIONS
Direct
loans to industries to start their new projects. Underwriting and direct subscription to shares/debentures of the industrial companies. Sanction of foreign currency loans for import of equipment or capital good. Refinance to banks and other institutions against loans granted by them. To discount or rediscount bills of industrial concerns
ESTABLISH 1989
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA(SIDBI)
FUNCTIONS
Administration for development and equity support to small industry. Providing working capital through single window scheme. Providing refinance support to banks/development finance institutions. Undertaking direct financing of SSI units. Coordination of functions of various institutions engaged in finance to SSI and tiny units.
ESTABLISH-1948
INDUSTRIAL FIANCE CORPORATION OF INDIA LTD(IFCI)
FUNCTIONS Direct financial support to industrial units for undertaking new projects, expansion, modernization, diversification etc. Subscription and underwriting of public issues of shares and debentures. Guaranteeing of foreign currency loans and also deferred payment guarantees. Merchant banking, leasing and equipment finance.
ETABLISH-1982
EXIM-IMPORT BANK OF INDIA(EXIM BANK)
FUNCTIONS
Direct
finance to exporter of goods. Direct finance to software exports and consultancy services. Finance for import and export of machinery and equipment on lease basis. Issue of guarantees. Refinance to commercial banks in India
ESTABLISH-1988
NATIONAL HOUSING BANK(NHB) FUNCTIONS
Promotion
and development of housing finance institutions. Refinance to banks and other housing finance institutions for credit facilities granted by them for housing. Inspection of books of accounts of housing finance institutions Technical, administrative and advisory assistance to housing finance institutions. Providing underwriting and guarantee facilities to housing finance institutions.
ESTABLISH-1982
NATIONAL BANK FOR AGRICULTURE AND RURAL) DEVELOPMENT(NABARD
FUNCTIONS
Providing
refinance to lending institutions in rural
areas. Provide financial assistance to cooperatives and Regional Rural Banks for their establishment. Help cooperative banks and Regional Rural Banks to prepare development actions plans for themselves.
ESTABLISH-1963
UNIT TRUST OF INDIA (UTI)
FUNCTIONS
To
mobilize the savings of the community through sale of units; To invest the savings so mobilized in corporate securities such as shares and debentures. To serve unit holders along the length and breadth of country To underwrite the issue of shares and debentures.
ESTABLISH-1956
LIFE INSURANCE CORPORATION OF INDIA (LIC)
FUNCTIONS
To
carry on capital redemption business, annuity certain business or reinsurance business. To acquire, hold and dispose of any property for the purpose of its business
ESTABILISH-1971
INDUSTRIAL INVESTMENT BANK OF INDIA (IIBI)
FUNCTIONS
Granting
medium and long term loans. Providing hire purchase of equipment , leasing finance and finance for purpose of buying assets. Underwriting shares and debentures. Guaranteeing differed payments.
ESTABLISH-1972
GENERAL INSURANCE CORPORATION(GIC)
FUNCTIONS
To
carry on any part of general insurance business and demand desirable. Advising the acquiring companies in the matter of investment of funds. Advising the acquiring companies in the matter of controlling expenses includes the payment of commission and other expenses.
SFCs
ESTABLISH-1951
STATE FINANCIAL CORPORATION (SFCS)-1951
18 SFCs in operations
FUNCTIONS Grant of loans and advances to or subscribe to debentures of, industrial concerns repayable within a short period. Guaranteeing loans raised by industrial concerns which are repayable within a period not exceeding 20 years. Underwriting of the issue of stock, shares, bonds or debentures by industrial concerns. Planning and assisting in the promotion and development of industries.
STATE INDUSTRIAL DEVELOPMENT CORPORATION (SIDCS)
28 SICDs in operation
FUNCTIONS To provide assistance in the form of term loans To promote rapid industrialization in India They give loans, lease finance and Guarantees Identification of project ideas, selection and training of entrepreneurs , provision of technical assistance etc.
TECHNICAL CONSULTANCY ORGANISATION (TCOS)-1972
17 TCOs in operation
FUNCTIONS
To
identify potential entrepreneurs and provide to them counseling technical and administrative service. To identify the industrial potential of regions. To monitor project supervision. To carry out techno-economic appraisal and market research. To prepare project profiles and reports for the help of potential entrepreneurs and state level promotional agencies.
EXPORT CREDIT AND GUARANTEE CORPORATION (ECGC )-1964
FUNCTIONS Provide a range of credit risk insurance to exporters against loss of goods and services. Assists exports in recovering bad debts. Offers insurance protection to exporters against payment rise. Makes available information on different countries with its credit ratings. Make it easy to obtain export finance from bank or financial institutions.
DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION(DICGC)
ESTABLISH-1971
RISK CAPITAL AND TECHNOLOGY FIANCE CORPORATION(RCTFC)
ESTABILISH-1988 Jan
INDIAN RENEWABLE ENERGY(IREDA)
ESTABLISH-1987
INFRASTURCTURE DEVELOPMRNT FIANCE COMPANY(IDFC)
ESTABILISH-1997 jan
TECHNOLOGY DEVELOPMENT AND INFORMATION TECHNOLOGY(TDICI)
ESTABLISH-1988 july
NORTH-ESTERN DEVELOPMENT FINANCE(NEDFI)
ESTABLISH-1995
TOURISM FINANCE CORPORATION OF INDIA LTD(TFCI)
ESATBLISH-1989
THE INDIAN INFRASTRUCTURE FIANCE COMPANY(IIFC)
ESTABLISHED-2006 JAN 5
REFERENCES Indian Financial System by Dr S.B. Deodhar published by Himalaya Publishing House Business Environment by Francis cherunilam [Link]
THANK Y0U
