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Industrial Finance Corpn Of India

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INDUSTRIAL-FINANCE-CORPN-OF-INDIA

INDUSTRIAL FINANCE CORPN OF INDIA
Financiers
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Address: 1 C, Ifci Bhavan, Sector 27, Sector 27, 27A, Sector 27, Chandigarh, 160019
Phone Number: +91-172-2656096
Email ID: n/a (Edit business Listing)
Website: ifciltd.com
Products Services: 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.

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Industrial Finance Corpn Of India
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