BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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small-scale industries
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medium-scale industries
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large-scale industries
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All of the above
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Detailed explanation-1: -Functions and Activities of ICICI Bank Assistance in the formation, development, and modernization of business in the non-public sector. Provides medium and long-term loans in rupees and foreign currencies. Underwrites new issues of debentures and shares. Provides equipment finance.
Detailed explanation-2: -Small Industries Development Bank of India has been established under an Act of the Parliament in 1990.
Detailed explanation-3: -IFCI Ltd (IFCI) was set up as a Statutory Corporation (“The Industrial Finance Corporation of India”) in 1948 for providing medium and long term finance to industry..
Detailed explanation-4: -ICICI provides project finance to industries for establishment cost, modernization or expansion of manufacturing and processing activities. This assistance provided in the form of the rupee and foreign loans, underwriting, subscription to shares and debentures and guarantees to supply of equipment and foreign donors.