INDUSTRIAL FINANCE CORPORATION OF INDIA
At the time of independence in 1947, India's capital market was relatively under-developed. Although there was significant demand for new capital, there was a dearth of providers. Merchant bankers and underwriting firms were almost non-existent and commercial banks were not equipped to provide long-term industrial finance in any significant manner. It is against this backdrop that the government established The Industrial Finance Corporation of India (IFCI) on July 1, 1948, as the first Dev... elopment Financial Institution in the country to cater to the long-term finance needs of the industrial sector. The newly-established DFI was provided access to low-cost funds through the central bank's Statutory Liquidity Ratio or SLR which in turn enabled it to provide loans and advances to corporate borrowers at concessional rates.
INDUSTRIAL FINANCE CORPORATION OF INDIA
Social Links:
Industry:
Finance Financial Services
Founded:
1947-01-01
Address:
New Delhi, Delhi, India
Country:
India
Website Url:
http://www.ifciltd.com
Total Employee:
1+
Status:
Active
Contact:
91 11 4179 2800
Email Addresses:
[email protected]
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http://www.ifciltd.com Semrush global rank: 1.8 M Semrush visits lastest month: 12.73 K
- Host name: static-103-27-86-240.ctrls.in
- IP address: 103.27.86.240
- Location: India
- Latitude: 20.0063
- Longitude: 77.006
- Timezone: Asia/Kolkata
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