Total amount of assistance advanced by all these corporations between the period 1971 to 1993 was to the tune of Rs 15,630 crore. State Financial Corporation’s (SFCs) 2. We also reference original research from other reputable publishers where appropriate.

The sum is divided into shares of equal value of which 25 per cent of the shares can he held by public and the remaining 75 per cent of the shares are normally held by State Government, the Reserve Bank, the scheduled banks, insurance companies, investment trusts, co-operative banks and other financial institutions. Retail banking consists of basic financial services, such as checking and savings accounts, sold to the general public via local branches. Individuals and businesses use insurance companies to protect against financial loss due to death, disability, accidents, property damage, and other misfortunes. It acts as the principal financial institution for the promotion, financing and development of the Micro, Small and Medium Enterprises (MSME) sector and also for the coordination of functions of the institutions engaged in similar activities. ICICI has also started leasing operation in 1983 for modernisation, computerisation, energy conservation, export orientation etc. A lender gives a loan to an entity, which is then expected to … (a) Refinances long term loans repayable within 3 to 25 years given by IFCI, SFC and other financial institutions, (b) Refinances medium term loan repayable within 3 to 10 years advanced by scheduled banks and State Co-operative banks, (c) Refinances export credit given by scheduled banks and the State co-operative banks. Life Insurance Corporation of India was set up in 1956 and at that time, life insurance business in India was nationalized. What Is Lending? lending institution: Organization such as a bank, credit union, or finance company that makes loans. As the scope of IFCI was limited, thus it was felt that financial institutions should also be set up in each state to provide sufficient finance to medium and small scale industries for promoting industrial development there. To know which financial institution is most appropriate for serving a specific need, it is important to understand the difference between the types of institutions and the purposes they serve. European Investment Bank (EIB) 2. Financial intermediation is the process by which financial institutions transfer funds from those who save money to those who borrow money. These include white papers, government data, original reporting, and interviews with industry experts. Asian Development Bank (ADB) 4. International Fund for Agricultural Development (IFAD). Customers of brokerage firms can place trades of stocks, bonds, This website includes study notes, research papers, essays, articles and other allied information submitted by visitors like YOU. One of the more common examples of a lending institution is a bank. It may or may not also be a depository institution. Business banking is a company's financial dealings with an institution that provides business loans, credit, savings accounts, and checking accounts. But in 1976 the IDBI was delinked from the RBI and was taken over by the Government of India.
The IDBI has created a special fund known as “Development Association Fund” for assisting those industrial units which are not in a position to secure fund in normal course due to its low rate of return. The Industrial Development Bank of India (IDBI) 5. With its 12.42 lakh agents and 1.16 lakh employees, it maintains its largest field organisation in the country.

Total amount of loan sanctioned by UTI decreased from Rs 8332.6 crore in 1993-94 to Rs 6770 crore in 2000-01 and then further declined drastically to Rs 991 crore in 2001-02. Till June 1993, total number of Unit Holders registered with the Trust was nearly 20 million and their total amount of investment was Rs 34,000 crore. Till the end of March 1997, the IDBI had sanctioned financial assistance to the extent of Rs 81,857 crore out of which Rs 48,094 crore was disbursed. The following points highlight the top seven term lending institutions in India. The bank is undertaking promotional activities like marketing, investment research surveys, techno-economic studies and providing technical and administrative guidance to any industrial unit for its promotion, management and expansion. The management of SFCs is similar to that of IFCI.
List of Banks in India.