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.
Table of Content
- Full Form of IDBI
- Functions of IDBI
- Products and Services of IDBI
- Subsidiaries of IDBI
- Conclusion