Edp Development
Edp Development
Edp Development
INSTITUTIONS
A financial agencies that provide medium and
long-term financial assistance and engaged in
promotion and development of industry,
agriculture and other key sectors.
Investment institutions
IFCI
IDBI
ICICI
EXIM
IFCI (INDUSTRIAL FINANCE CORPORATION
OF INDIA)
It was established in 1948
First development bank of India
Resources of IFCI
ownership capital
Set up in 1964
It was fully owned subsidiary of RBI but in 1976
delinked from RBI and made as autonomous
body of GOI
H.O in Mumbai 11 branch offices
Sanction(crores)
Purpose IFCI IDBI
New projects 15919.6 67498
ICICI is now the largest bank with total assets of more than 3000
billions
More than 700 branches and over 2200 ATM spread all over the
country
It mainly deals in
3) Acting as Special Purpose Vehicle for securitising the housing loan receivables.
INVESTMENT INSTITUITIONS
Are those who invest the money collected in further
securities and investments outside .LIKE
LIC
GIC
LIC (LIFE INSURANCE CORPORATION
Set up in 1956
LIC was formed by nationalizing 245 life
insurance companies.
The main aim was to
spread insurance
Mobilize savings
Investing funds
Act as trustees
CONTINUE…..
LIC International EC
VISION & MISSION
Mission
"Explore and enhance the quality of life of people
through financial security by providing products and
services of aspired attributes with competitive
returns, and by rendering resources for economic
development."
Vision
"A trans-nationally competitive financial
conglomerate of significance to societies and Pride
of India."
G.I.C. (GENERAL INSURANCE
CORPORATION)
It was incorporated on 22 November 1972.
The Government of India (GOI), through
Nationalisation took over the shares of 55 Indian
insurance companies and the undertakings of 52
insurers carrying on general insurance business.
Main objective:-
GIC was formed for the purpose of superintending,
controlling and carrying on the business of general
insurance.
VISION & MISSION
Vision
“To be a leading global reinsurance and risk solution provider”
Mission:-
Building long-term mutually beneficial relationship with
business partners
Practicing fair business ethics and values
Applying “state-of-art” technology, processes including
enterprise risk management and innovative solutions.
Developing and retaining highly motivated professional team of
employees
Enhancing profitability and financial strength befitting the
global position
STATE FINANCIAL CORPORATION’S
(SFCS)
State Financial Corporations (SFCs) To meet the
financial needs of small and medium enterprises, the
government of India passed the State Financial
Corporation Act in 1951
Under the Act, SFCs have been established by State
governments to meet the financial requirements of
medium and small sized enterprises. There are 18
SFCs at present.
OBJECTIVES OF SFC’S
1) Provide financial assistance to small and medium industrial
concerns.
2) Provide long and medium-term loan repayable ordinarily within
a period not exceeding 20 years.
3) Grant financial assistance to any single industrial concern
under corporate or co-operative sector with an aggregate
upper limit of rupees Sixty lakhs.
4) To lay special emphasis on the development of backward
areas and small scale industries
FUNCTIONS OF STATE FINANCIAL
CORPORATION
1) Grant of loans and advances to or subscribe to debentures of industrial
concerns repayable within a period not exceeding 20 years.
2) Underwriting of the issue of stock, shares, bonds or debentures by
industrial concerns.
3) Subscribing to, or purchasing of, the stock, shares, bonds or debentures
of an industrial concern subject to a maximum of 30 percent of the
subscribed capital, or 30 percent of paid up share capital and free
reserve, whichever is less.
4) Planning and assisting in the promotion and development of industries.