What are the activities of IFCI?
Activities of the IFCI:
- Soft Loan Assistance:
- Entrepreneur Development:
- Industrial Development in Backward Areas:
- Subsidised Consultancy:
- Management Development:
What are the functions and objectives of IFCI explain?
Objectives. The main objective of IFCI is to provide medium and long-term financial assistance to large scale industrial undertakings, particularly when ordinary bank accommodation does not suit the undertaking or finance cannot be profitably raised by the concerned issue of shares.
What are the various financial assistance provided by IFCI?
Corporate Finance: IFCI offers financial solutions in areas of corporate finance through Balance Sheet Funding, Loan Against Shares, Lease Rental Discounting, Promoter Funding, Long Term Working Capital requirements, Capital Expenditure and regular Maintenance Capex.
What is IFCI in entrepreneurship?
IFCI, previously Industrial Finance Corporation of India, is a development finance institution under the jurisdiction of Ministry of Finance , Government of India . Established in 1948 as a statutory corporation, IFCI is currently a company listed on BSE and NSE.
What is the main objective of IFCI?
Industrial Finance Corporation of India (IFCI) is actually the first financial institute the government established after independence. The main aim of the incorporation of IFCI was to provide long-term finance to the manufacturing and industrial sector of the country.
What is the objective of IFCI?
The main objective of IFCI is to provide medium and long-term financial assistance to large-scale industrial undertakings, particularly in those circumstances in which banking accommodation is inappropriate or a resource to the capital market is impracticable i.e. finance could not be raised by the concerned issue of …
What is full form of IFCI?
IFCI Ltd (IFCI) was set up as a Statutory Corporation (“The Industrial Finance Corporation of India”) in 1948 for providing medium and long term finance to industry.
What are the objectives of sidbi?
Objective of SIDBI The objective and goal of SIDBI is to offer short-term loans and refinancing solutions to companies listed in the Micro, Small and Medium Enterprises (MSME) sector as well as for financial institutions directly related to such companies – offering loans for development and sustenance.
What are the functions and role of DFHI?
Role of Discount and Finance House of India (DFHI)! The main objective of this money market institution is to facilitate smoothening of the short-term liquidity imbalances by developing an active secondary market for the money market instruments. Its authorized capital is Rs. 250 crores.
What are the role and functions of RBI?
– The central bank issues and regulates currency notes. It keeps reserves with a view to securing monetary stability and is called banker to banks. It regulates and supervise banks and other financial institutions. The RBI plays a vital role in economic growth of the country and maintaining price stability.
What is DFHI?
The Discount and Finance House of India Ltd. (DFHI) was set up in April 1988 by the Reserve Bank of India (RBI) to develop the money market and to provide liquidity to money market instruments.
What is vaghul committee?
Notes: The Vaghul Committee (1987) suggested that call money market should be purely an inter-bank market and therefore, the restrictions on entry into call market prevailing at that point of time should continue.
What is Ghosh Committee?
GHOSH COMMITTEE RECOMMENDATIONS ON INTERNAL INSPECTION AND AUDIT. The Reserve Bank of India had constituted a High Level Committee, under the chairmanship of Shri A. Ghosh, the then Deputy Governor of RBI, to enquire into the various aspects relating to frauds and malpractices in banks.
What was the recommendation of Narasimham Committee?
It recommended a three tier banking structure in India through establishment of three large banks with international presence, eight to ten national banks and a large number of regional and local banks.
How many types of NPA are there?
Banks are required to classify nonperforming assets into one of three categories according to how long the asset has been non-performing: sub-standard assets, doubtful assets, and loss assets. A sub-standard asset is an asset classified as an NPA for less than 12 months.
What is NPA and its types?
NPA or Non Performing Asset is those kinds of loans or advances that are in default or in arrears. In other words, these are those kinds of loans wherein principal or interest amounts are late or have not been paid. In our country, the timeline given for classifying the asset as NPA is 180 days.
What is standard asset?
Standard asset for a bank is an asset that is not classified as an NPA. The asset exhibits no problem in the normal course other than the usual business risk. More specifically, according to RBI circular, sub-standard asset is an asset that has continued to remain an NPA for a period less than or equal to 1 year.