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Industrial Finance Corporation of India
 The Industrial Finance Corporation of India (IFCI) , the first All-India term-lending
institution was set up in 1948 with the primary objective of providing medium and long-term
credit to industry.
 It is headquartered in New Delhi.
 The sources of funds for IFCI are Paid-up capital, reserves, repayment of loans, market
borrowings, loans from the Government of India, advances from the Industrial Development
Bank of India and foreign lines of credit from KfW (West Germany), BFCE (France),
ODA(UK) and others.
MANAGEMENT :-
The Corporation has 13 member Board of Directors.
Chairman :- Appointed by Govt. of India after consulting IDBI.
12 Directors :- Four are nominated by IDBI
Two by scheduled Banks
Two by Cooperative Banks
Two by other financial Institutions
Two outside persons as Directors
(Expert in the Fields of Industry, Labour and Economics)
Financial Resources :
1 .Share Capital : The IFCI was set up with an authorised capital of Rs.10 crores consisting of 20,000
shares of Rs. 5,000 each. In March 2003 it was Rs. 1068 crores.
2 .Bonds & Debentures : The bonds and debentures stood at figure of Rs. 57.69 crores in 1971 and
rose to Rs. 15366.5 crores as on March 31,2003.

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3. Borrowings : Borrowings from IDBI and Govt. of India were Rs. 975.6 crore and total assets
Rs.22866 crore on March 31,2003
FUNCTIONS :
 FINANCIAL ASSISTANCE
 PROMOTIONAL ACTIVITIES
FINANCIAL ASSISTANCE:-
i. Granting Loans
ii. Underwriting the issue of industrial securities
iii. Subscribing shares of public ltd. Companies
iv. Guaranteeing of deferred payments
v. Guaranteeing of loans
vi. Act as agent of the Central Bank
PROMOTIONALACTIVITIES:
i. Development of Backward Areas
ii. Promotional Schemes
iii. Subsidy for Adopting Indigenous Technology
iv. Meeting Cost of Market Studies
v. Meeting Cost of Feasibility Studies
vi. Promoting Small Scale and Ancillary Industries.
vii. Revival of Sick Units
viii. Self-development and Self-employment Scheme

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Industrial Credit Industrial Corporation of India{ICICI}
ICICI
 Establishment:- 1955
 Head Quarter:- Mumbai
 ICICI Bank is India's second-largest bank with total assets of about Rs.112,024 crore
 The Industrial Credit and Investment Corporation of India Limited (ICICI) was incorporated
at the initiative of World Bank, the Government of India and representatives of Indian
industry, with the objective of creating a development financial institution for providing
medium-term and long-term project financing to Indian businesses.
 In 1994, ICICI established Banking Corporation as a banking subsidiary. Formerly known as
Industrial Credit and Investment Corporation of India, ICICI Banking Corporation was later
renamed as 'ICICI Bank Limited'. ICICI founded a separate legal entity, ICICI Bank, to
undertake normal banking operations - taking deposits, credit cards,car loans etc.
RecentDevelopment :-
It is the second largest bank in India and the largest private sector bank in India by market
capitalization. The bank also has a network of 2,016 branches (as on 31 March 2010) and about 5,219
ATMs in India and presence in 18 countries, as well as some 24 million customers (at the end of July
2007).
Functions of ICICI
To provide medium & long term project finance & infrastructure to private industries in India.
To provide asset credit.
To make funds available for investments by revolving investment as rapidly as possible.
To provide supplier’s line of credit.
To provide treasury & custodial services to private sector industries.
To provide lease financing facility.

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To provide brokerage facilities.
To supply venture capital.
To raise fund’s from the market through floatation of bonds, loans & through acceptance of deposits.
To render retail banking & internet banking services.
To provide mutual funds & assets management facilities.
INDUSTRIAL DEVELOPMENT BANK OF INDIA(IDBI)
Establishment :- 1964
Head Quarter:- Mumbai
It is the India’s largest financial institution, with assets at the end of 1999 aprox. Rs.600 billion.
It is also 10th
largest development bank in the world.
Objectives of IDBI:-
Overall corporate purpose of setting up IDBI was to propel the wheels of industrial sector to achieve
maximum growth by eliminating the gaps in the capital market and supplying the sinews of
development to all financial agencies engaged in this work. Keeping this purpose in mind the bank set
the objective of providing the financial as well as non financial support at reasonable cost to all the
deserving project belonging to industries of national importance and spread over different regions of
the country.
Institutions build by IDBI :-
NSE (National stock exchange),
NSDL(National security depository services ltd),
SHCIL(Stock holding corporation of India ltd),
EXIM Bank,
SIDBI(Small industries development bank of india) & IDBI Bank.
Role of IDBI:-

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Planning, promoting & developing industries.
Co-ordinating the working of institutions engaged in their development.
Providing technical & administrative assistance.
Undertaking market & investment research.
Operations Of IDBI :-
IDBI initially provided long term assistance to Industries. The assistance was mainly in the form of
long term loans or in the form of project lending.
IDBI began a role in assisting the SFCs of various states.(1964)
IDBI entered into rediscounting of machinery bills to promote the sale of indigenous machinery on
deferred payment basis.(1965)
IDBI entered into financing export on different payment basis till the time EXIM Bank was formed in
1982.
IDBI creat a Small Industries Development Fund(SIDF) to provide a special focus to the needs of
small scale sector.
Recent developments :-
To meet emerging challenges and to keep up with reforms in financial sector, IDBI has taken steps to
reshape its role from a development finance institution to a commercial institution.
Subsequently, the RBI issued the requisite notification on 30 September 2004 incorporating IDBI as
a 'scheduled bank' under the RBI Act, 1934. Consequently, IDBI, formally entered the portals of
banking business as IDBIL from 1 October 2004.
The commercial banking arm, IDBI BANK, was merged into IDBI. In March 2008, IDBI Bank
entered into a joint venture with Federal Bank and Fortis Insurance International to form IDBI Fortis
Life Insurance , of which IDBI Bank owns 48 percent. The company ended the year with over 300 Cr
in premiums as on 31 March 2009.