Industrial Development Bank of India(IDBI)

IDBI is the leader in the Indian capital market. It has both regulatory and developmental functions. Industrial Development Bank of India (IDBI) established under Industrial Development Bank of India Act, 1964, is the principal financial institution for providing credit and other facilities for developing industries and assisting development institutions.

Till 1976, IDBI was a subsidiary bank of RBI. In 1976 it was separated from RBI and the ownership was transferred to Government of India. IDBI is the tenth largest bank in the world in terms of development. The National Stock Exchange (NSE), the National Securities Depository Services Ltd. (NSDL), Stock Holding Corporation of India (SHCIL) are some of the Institutions which has been built by IDBI.

The role of IDBI in the market is to promote and develop industries as per the planned projections of the Government, to provide technical and consultancy assistance for the expansion and modernization of industry and for rediscount and refinance facilities to financial institutions.

IDBI as the leader in the market coordinates guides and monitors the credit facilities by all India and State level financial institutions and development corporations. It undertook the responsibility for promoting and financing the small and cottage industries and also the import-export trade of the country until separate bodies namely Exim Bank and Small Industries Development Bank of India (SIDBI) were set up.

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