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Old December 7th, 2017, 02:23 PM
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Default Objectives Of IDBI Bank

I want to know the objective and the functions of Industrial Development Bank of India (IDBI) bank so can you tell me?
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Old December 7th, 2017, 03:14 PM
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Default Re: Objectives Of IDBI Bank

IDBI Bank was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry.

It is one among the public sector banks in India and is a nationalized bank

At present Govt holds 77% stake in IDBI Bank, has reported yet another surge in bad loans in the April-June quarter.

IDBI Objectives-

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.

Supplementing the resources of other financial institutions and there by widening the scope of their assistance.

Planning, promotion and development of key industries and diversification of industrial growth

Devising and enforcing a system of industrial growth that conforms to national priorities.

IDBI Functions-

The IDBI has been established to perform the following functions-

To grant loans and advances to scheduled banks or state co-operative banks by way of refinancing of loans granted by such institutions which are repayable in 15 years.

To grant loans and advances to IFCI, SFCs, other institutions, scheduled banks, state co-operative banks by way of refinancing of loans granted by such institution to industrial concerns for exports.

To grant loans and advances to IFCI, SFCs or any other financial institution by way of refinancing of loans granted by such institutions which are repayable within 25 year.

To discount or re-discount bills of industrial concerns.

To underwrite or to subscribe to shares or debentures of industrial concerns.

To subscribe to or purchase stock, shares, bonds and debentures of other financial institutions.

To grant line of credit or loans and advances to other financial institutions such as IFCI, SFCs, etc.

To grant loans to any industrial concern.

To guarantee deferred payment due from any industrial concern.

To guarantee loans raised by industrial concerns in the market or from institutions.

To provide consultancy and merchant banking services in or outside India.

To provide technical, legal, marketing and administrative assistance to any industrial concern or person for promotion, management or expansion of any industry.

Planning, promoting and developing industries to fill up gaps in the industrial structure in India.


Registered Office:

IDBI Bank Ltd.
IDBI Tower, WTC Complex,
Cuffe Parade, Colaba, Mumbai 400005.

Customers can contact our 24 X 7 Phone Banking numbers
from any Landline / Mobile number, our Toll free numbers are as follows:
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