#1
8th January 2014, 04:54 PM
|
|||
|
|||
Details of Industrial Finance Corporation of India subsidiary companies?
Industrial finance corporation of india has set up how many subsidiary companies and what are they?
|
#2
16th January 2014, 06:18 PM
|
|||
|
|||
Re: Details of Industrial Finance Corporation of India subsidiary companies?
I.F.C.I --- INDUSTRIAL FINANCE CORPORATION OF INDIA LTD
This IFCI was established under the IFCI Act 1948 during July as first India’s Development bank . It’s main objective is to make medium and Long term credit available to the Industrial undertakings .Also it assists them in creation of industrial facilities . This IFCI sets up a new industrial undertaking , and for expansion and diversification of existing industrial undertaking . It meets the working capital requirements of industrial concerns in some exceptional cases . Ans subscription and undertaking of public issues of shares and debentures . It assures Direct financial support to the industrial units for undertaking new Projects , expansion , modernization and diversification and more . The industrial Finance corporation of India has made a wide range of contributions in the various sectors in Indian Industry . IFCI has also been quite subservient in implementing the number of things that the Government of India Planned up to ensure financial benefits in to services . IFCI carried out all the responsibilities regarding the Government’s Industrial policy initiatives till the establishment of ICICI in 1956 and IDBI in 1964 . Some of the noteworthy contributions of IFCI include improvement of Indian Industry , export promotion , import permutation , development in business , pollution control measures , energy preservation , and rendering direct and indirect employment . During the 1994 , IFCI was converted into a joint stock company and came out with a public issues of shares . It is basically managed by the Board of Directors . The floated institutions are like :: TFCI , ICRA. |
Related Topics: |
||
Thread | Replies | Last Post |
Shipping Corporation of India Limited papers for MBA Finance stream | 1 | 15th May 2020 06:02 PM |
Sample papers for executive-finance in Power Grid Corporation of India ltd? | 13 | 17th February 2011 10:36 PM |
|