3. Development Banking In INDIA
Development banking was started after the World War II. It provided finance to
reconstruct the buildings and industries which were destroyed in the war.
In India, development banking was started immediately after independence.
At that time Indian economy was highly backward and static. So there was a need to
make rapid growth by replacing old technology but there was no such agency which
could make progress at a large scale.
In 1948 Industrial Financial Corporation of India and in 1955, Industrial Credit and
Investment Corporation of India were stablished. They all were known as financial
institutions. Narasimham Committee (1991) has called them a development finance
institution.
6. Industrial
Development
Banks
Industrial Finance Corporation
of India (IFCI)
Industrial Development Bank
of India (IDBI)
Small Industries
Development Bank of India
(SIDBI)
Agricultural
Development Banks
National Bank for
Agriculture & Rural
Development
(NABARD)
8. 0 50 100 150 200 250 300 350
Europian Investment Bank
World Bank
Asian Development Bank
Inter-Amarican Development Bank
African Development Bank
Asian Infrastucture Investment Bank
BRICS Development
Islamin Development
Europian Bank Of Reconstruction…
331
223
163
129
103
100
50
47
20
VALUES IN $ MULTIPLY BY A BILLION
BANKS
Approximate Capital Base
9. 0 500 1000 1500 2000 2500
Uzbekestan
Vietnam
India
China
Bangladesh
Thailand
Indonasia
Pakistan
Philippines
Kazakhastan
644
322.2
2418
1809
435.1
214.7
1232.8
343.1
775
496.3
239.6
468.3
7.1
20.3
663.1
0.5
2.7
75.7
5.9
1.2
2421
1821.6
285.2
272.8
536.5
1145.3
52.2
656.1
242.3
187
Values In $ Multiply by A Million
Banks
Top Asian Development
Cofinancing Reserve Speacial Funds Reserves Ordinary Capital Resource
11. To promote and develop small-scale
industries (SSI) in India.
To finance the development of the
housing sector in India.
To facilitate the development of large-
scale industries (LSI) in India.
12. To help the development of
agricultural sector and rural India.
To enhance the foreign trade of India.
To help to review (cure) sick industrial
units.
13. •To encourage the development of Indian
entrepreneurs.
•To promote economic activities in
backward regions of the country.
•To contribute in the growth of capital
markets.
16. Industrial Sector
National Level
Industrial Development Banks of India
1964
Industrial Finance Corporation of India
1982
Industrial Credit And Investment
Corporation Of India 1955 Industrial
Development Bank Of India 1964
Small scale Industries Development Bank
Of India 1990
State Level
State Finance Corporation 1951
State Industrial Development Corporation
1960
17. Investment Sector
Unit Trust Of India
1964
Indian Life
Insurance
Corporation (1956)
General Insurance
Corporation Of
India (1972)