Objectives Of IDBI Bank - 2017-2018 StudyChaCha

Go Back   2017-2018 StudyChaCha > StudyChaCha Discussion Forum > General Topics




  #1  
Old December 7th, 2017, 02:23 PM
Unregistered
Guest
 
Posts: n/a
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?
Reply With Quote
  #2  
Old December 7th, 2017, 03:14 PM
Educhamp's Avatar
Super Moderator
 
Join Date: May 2011
Location: Delhi
Posts: 35,175
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.

Contact-

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:
1800-200-1947
1800-22-1070
__________________
Answered By StudyChaCha Member
Reply With Quote
Sponsored Links






















Other Discussions related to this topic
Thread
USP Of IDBI Bank
IDBI Bank EKM
CIO IDBI Bank
All About IDBI Bank
Aims and Objectives of HDFC Bank
DD from IDBI Bank
IDBI Objectives
Objectives OF DRDO
Objectives Of IRDA
Objectives Of Human Relations SMU
Punjab And Sind Bank Objectives
Objectives Of Oriental Bank Of Commerce
Aims and objectives of Barclays Bank
Syndicate Bank Objectives
Objectives of Punjab National Bank
Career Objectives Do MBA
Career Objectives MBA Graduate
Medical Laboratory Objectives
MBA Program Objectives
MBA Objectives






Have a Facebook Account? Ask your Question Here



Reply


Forum Jump


All times are GMT +6.5. The time now is 10:43 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0 PL2

1 2 3 4 5 6 7 8 9