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SPEEDY Railway Book (English)

All India Financial Institution

Fast Facts on All India Financial Institutions
Important For SBI PO, IBPS PO, SSC CGL, UPSC CIVIL SERVICE PRE.




Name of the Financial Institution
Headquarters
Established
Purpose
IDFC
(Industrial Finance Corporation of India)
New Delhi
1948
To grant loans advances to industrial concerns and subscribe to debentures floated by them.
SFC
(State Finance Corporations)
NA
1951
To finance the needs of the small-scale and medium sized industries in respective states. Currently there are 28SFCs are in operations along with 28 States Industrial Development corp.


IDBI
(Industrial Development Bank of India)
Mumbai
1964
To meet the financial needs of industrialisation and co-ordinate with all other agencies concerned with industrial development finance. It is a wholly owned subsidiary of RBI till 1976. Now merged with IDBI Bank in 2004.
IIBI
(Industrial Investment Bank of India)
Kolkata
1985
To assists the industrial units in Eastern Region of India.
SIDBI
(Small Industries Development Bank of India)
Lucknow
1990
To promote, finance and development industry in small scale sectors.
UTI
(Unit Trust of India)
Mumbai
1964
It was setup as an investment institutions to stimulate and pool the savings of the middle and low income groups.
Exim Bank
Mumbai
1982
To finance,facilitate and promote foreign trade in India. It is a specialised financial institution. There are 4 institutions namely Exim Bank, NABARD, NBH and SIDBI regulated by the RBI as all India financial institutions.
NHB
(National Housing Bank)
New Delhi
1988
It is the apex body of housing finance in India and is a wholly owned subsidiary of the RBI.
ICICI
(Industrial Credit and Investment Corporation of India)
Mumbai
1955
To stimulate the promotion of new industries and assist in modernisation of existing industries. In 2002 ICICI merged with ICICI Bank.
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