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Home » Finance Job-Consultants » Industrial Finance Corporation of India (IFCI) Limited


Industrial Finance Corporation of India (IFCI) Limited

Name Industrial Finance Corporation of India (IFCI) Limited
Description 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 Development 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.
Location Bhopal
Address Paryavas Bhawan, 2nd Block, 3rd Floor, Mother Teresa Road, Bhopal-462011 Telephone: +91-755-2555143, 4269146 Fax: +91-755-426914
Website http://ifciltd.com



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