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introduction
Industrial finance is a very complicated
problem. It is of vital importance as
development of any country depends on
industrial development of that country’s
economy.
Why there is need of finance…
1)Long term
2)Medium term
3)Short term
Continue….
Long term capital is also known as block
capital or fixed capital. it is needed to acquire
-fixed and permanent assets.
Medium term capital is required for repairs,
replacements, maintenance of machines and
building etc.
Short term capital is needed for purchase of raw
material, and to meet day to day expenses.
Types of financial institutions
Term lending
Refinance institutions
Investment institutions
State level institutions
Term lending
IFCI
IDBI
ICICI
IIBI
EXIM
TFCI
REFINANCE INSTITUtIONS
NABARD
SIDBI
NHB
INVESTMENT INSTITUITIONS
LIC
GIC
UTI
STATE LEVEL INSTITUTIONS
SFC
SIDC
IFCI (INDUSTRIAL Finance CORPORATION OF
INDIA)
Itwas established in 1948
First development bank of India
Objective was to make medium and long term
credits more readily available
Management
Set up in 1964.
It was fully owned subsidiary of RBI but in 1976
delinked from RBI and made as autonomous
body of GOI.
H.O in Mumbai 11 branch offices.
It is managed by a chairman and MD appointed
by central govt, a deputy governor nominated
by RBI, 20 other directors.
With effect from 1 oct,2004 it has renamed as
IDBIL. It has been accepted as a deemed
banking co under banking regulation act. The
govt holds the majority (58.47%) shares of
IDBI LTD.
During last 40 years IDBI has given a qualitative
dimension to the process of industrial
development of the country.
Industrial Credit and Investment Corporation of
India (ICICI)
Established in 1955 As a public ltd co, at the
initiative of world bank.
The objectives of ICICI is to encourage
establishment of new industries, to help in
expansion and modernization, technical and
managerial aid to increase production and
employment.
Continue…
In October 2001 .BOD Approved ICICI LTD. AND
ICICI BANK LTD. Wef. MAY 2002 it is simply
ICICI bank .
ICICI is now the largest bank with total assets of
more than 3000 billions.
More than 700 branches and over 2200 ATM spread
all over the country.
It mainly deals in Retail banking, wholesale
banking, project finance, international business
and special assets mgt.
Continue…
ICICI is first Indian co. listed in New York stock
exchange.
Foreign financial investor own around 38% shares.
Technology, strategy, low cost branches
innovations are key reasons of its success.
They are the first to introduce mobile banking, on
line financial information, portals to allow
accounts and information on line.
It was the first to introduce e-commerce.
It has the largest no of call centers.
export import bank (EXIM)
Established on1st JAN,1982.
Authorized capital 1000 crores and paid up is
650 crores.
Exim bank came into existence when
international finance division of IDBI was
transferred to Exim bank in 1982.
Exim started its working from march 1982
The issued capital is wholly subscribed by
central govt.
Continue…
The main objective of EXIM is to provide
financial assistance to exporters and importers.
It coordinates the working of those institutions
which can promote international trade.
Management is MD+17 other directors
representing Govt., RBI, ECGC, Public sector
banks.
Industrial Investment Bank of India (IIBI)
Established in 1985.
One of oldest banks in India.
Provides financial products and services.
Headquarter in Kolkata, India.
Pursues in a kind of fund based and non-fund
based activities, including project finance;
short duration, and working capital/other
short-term loans to companies in India and
globally.
The Industrial Reconstruction Corporation of
India Ltd., set up for rehabilitation of sick
industrial companies, was reconstituted as
Industrial Reconstruction Bank of India in
1985 under the IRBI Act, 1984. With a view to
converting the institution into a full-fledged
development financial institution, IRBI was
incorporated under the Companies Act, 1956,
as Industrial Investment Bank of India Ltd.
(IIBI) in March 1997.
TOURISM FINANCE CORPORATION OF
INDIA (TFCI)
Inaccordance with the above decision, the IFCI
Ltd. along with other All-India
Financial/Investment Institutions and
Nationalized Banks promoted a Public Limited
Company under the name of "Tourism Finance
Corporation of India Ltd. (TFCI)" to function
as a specialized All-India Development
Financial Institution to cater to the financial
needs of tourism industry.
Refinancing institutions
Are those which do not give finance
directly but they create such structure
by which the funds are allocated up to
the minimum level.
national bank for agriculture and rural
development (nabard)
Started functioning from 1july 1982.
Set up with an initial capital of 100 crores, now it is
2000 crores fully subscribed by GOI & RBI.
H.O in Mumbai, with 28 regional and 391 district
offices.
It is an apex organization for policies, planning and
operations of agriculture, SSI, handicraft and
village industries
It mainly deals in credit,developmental,regulatory
functions
Small Industries Development Bank of India
(Sidbi)
SIDBI was established under SIDBI Act 1988
and commenced its operations w.e.f. April 02,
1990 with head-quarters in Lucknow and
branches all over the country, as a subsidiary of
IDBI. The objective of establishment of SIDBI,
in particular, is to strengthen and broad-base
the existing institutional arrangement to meet
the requirement of SSI and tiny industries.
Small Industries Development Bank of India
(Sidbi)