By: Jill Modi (A-35)
Institutions that provide necessary funds to the
individuals or artificial individuals for the purpose of development are called Development Institutions. Helps to overcome the scarcity of funds and aids in
overall expansion and advancement of the borrowers.
E.g. IDBI, SIDBI, HUDCO, etc.
It was the apex Development Financial Institution (DFI) (July 1,
1964 to September 30, 2004)
Thereafter as a full-service commercial Bank (October 1, 2004
Headquarter in Mumbai.
Vision: To be the most preferred and trusted bank enhancing value
Mission: Delighting customers with our excellent service and
comprehensive suite of best-in-class financial solutions. Expanding our global presence. Relentlessly striving to become a greener bank.
Share holding pattern:- Promoters (70.52) : Public (29.48) Merger of United Western bank with IDBI Ltd. on October 03,
Promoting new entrepreneurs Up-gradation of technology for economical up-liftment. Provision of consultancy services for small and medium enterprises.
The institutions built by IDBI are: Securities and Exchange Board of India (SEBI), National Stock Exchange of India (NSE), National Securities Depository Limited (NSDL), Stock Holding Corporation of India Limited (SHCIL), Credit Analysis & Research Ltd, Exim Bank (India)(Exim Bank), Small Industries Development Bank of India(SIDBI), Entrepreneurship Development Institute of India (EDI)
Established on April 2, 1990. Headquarter in Lucknow. Vision: To emerge as a single window for meeting the financial and
developmental needs of the MSME sector to make it strong, vibrant and globally competitive, to position SIDBI Brand as the preferred and customer - friendly institution and for enhancement of share holder wealth and highest corporate values through modern technology platform....
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