What is IDBI?

What is IDBI?

IDBI is a specialised financial institution in India that plays a crucial role in promoting industrial and infrastructure development in the country. It was established in 1964 under an Act of Parliament as a wholly-owned subsidiary of the Reserve Bank of India (RBI) and was later transferred to the Government of India. IDBI serves as the principal financial institution for providing long-term finance and credit to various industrial and developmental projects....

Full Form of IDBI

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Functions of IDBI

IDBI stands for Industrial Development Bank of India. IDBI is a financial institution having a number of subsidiaries, which mainly focus on removing the difficulties related to finances....

Products and Services of IDBI

1. Project Financing: IDBI provides financial assistance to industrial and infrastructure projects. It offers long-term loans and credit to companies and organisations for establishing new projects, expanding existing ones, and modernising operations. This support helps in the growth and development of various industries in the country....

Subsidiaries of IDBI

1. Loans and Advances...

Conclusion

After the merger of IDBI Bank with LIC Housing Finance Limited, its subsidiaries are as follows:...