What is the work of industrial development Bank of india (IDBI)?

The Industrial Development Bank Of India (IDBI) is an Indian private sector including all the banking and financial services. It was established in 1964. It provides the financial help to all the industrial sectors. IDBI is nothing but a development financial institution. It is responsible for the Coordinating, supervising, and controlling the activities of Finacial Institutions like ICICI, LIC, etc. It plans and promote key industries to enhance industrial growth. It is help to build a system that adheres to national priorities.

Also Read :- What is the agricultural bank ?

The Industrial Development Bank of India (IDBI) is a government-owned financial institution in India that was established in 1964. Its primary objective is to promote industrial development in the country by providing financial assistance and other support to industries.

Some of the key functions of IDBI are:

1. Project Financing: IDBI provides financial assistance to various industries for their project financing needs, including long-term loans, working capital finance, and non-fund-based assistance such as guarantees and letters of credit.

2. Refinancing: IDBI also acts as a refinance agency for various financial institutions such as banks, state-level financial corporations, and other specialized institutions, providing them with long-term loans at concessional rates.

3. Investment Banking: IDBI provides investment banking services to companies in the form of the underwriting securities, merchant banking, and corporate advisory services.

4. Technology Support: IDBI provides technical assistance to industries in the form of technical consultancy services, technology transfer, and modernization of industrial units.

5. Promotion of Small Industries: IDBI also promotes the development of small-scale industries in the country by providing them with various financial and non-financial assistance schemes.