Specialized Financial Institutions in India

Overall Rating: star ratingstar ratingstar ratingstar ratingstar rating[5/5]Total Votes [ 12 ]  
Rate this page:
The list of specialized financial institutions in India mainly includes, Export-Import Bank Of India, Board for Industrial & Financial Reconstruction, Small Industries Development Bank of India, National Housing Bank. They are government undertakings established with a view to offer financial as well as technical assistance to the Indian industries.

Export-Import Bank Of India

The Export-Import Bank Of India ranks high among the specialized financial institutions in India.

It was set up in the year 1981 to enhance International Trade in India with the aid of a two-way approach. It offers financial assistance to the exporters and importers and also by acting as a link between the various financial institutions to ensure overall development of the Indian financial market. The bank offers financial assistance to the various sectors like agriculture, export, import, and film industry. For the agricultural sector the bank has arranged for unique financial programs like posting shipment credit, terming loans etc. The category of term loans are issued for modernization, purchase of equipments, acquisitions etc. For the exporters the bank provides warehousing finance, export lines of credit facilities. The funded capital scheme of the bank includes long-term working capital, cash flow financing, and the non funded capital scheme include letter of credit limits, guarantee limits. For the film industry the bank has arranged for cash flow financing for film production, funds for exhibition in overseas market. The bank is engaged in offering specialized services Human Resource Management, Research and Planning, Internal Audit etc. The Export-Import Bank Of India has set up offices through out India and in foreign countries as well. The head office is located at Mumbai and Shri. T. C. Venkat Subramanian acts as the Chairman and Managing Director of the bank.

Small Industries Development Bank of India

The Small Industries Development Bank of India also ranks high among the specialized financial institutions in India. It was founded in the year 1990 to develop the small-scale industry in India with the aid of advisory services. The bank offers financial assistance to the small and medium scale industries and coordinated the functioning of the other financial institutions that caters to the need of the agro-industries in India. The Small Industries Development Bank of India offers financial assistance for significant issues like infrastructure development, rehabilitation for sick industrial units. The investors can take the advantage of the unique fixed deposit scheme offered the bank. For the recently launched companies the bank provides composite loan, technology up gradation fund, direct credit scheme etc. The existing members are allowed direct credit scheme, credit linked capital subsidy etc. For the up gradation of the standard of Indian women and to help them achieve financial independence the bank offers two specialized financial program named as marketing fund for women and Mahila Udhyam Nidhi. The bank is located at Lucknow and Shri Rajender Mohan Malla acts as its Chairman and managing director.

National Housing Bank

The National Housing Bank was established in the year 1988 as per the guidelines of the National Housing Bank Act, 1987 with a view to accelerate the growth of the Housing Financing Institutions by providing them with financial and other required assistance. The company extends financial assistance for entire infrastructural development offers refinance to the existing housing finance companies etc. The bank has set up specialized divisions like Development and Risk Management, Project Finance, Refinancing Operations, Resource Mobilization and Management etc. The head office is located at New Delhi and Shri S. Sridhar acts as the Chairman & Managing Director of the bank.

Board for Industrial & Financial Reconstruction

The Board for Industrial & Financial Reconstruction was set up in the year 1987 in order to advise on all the aspects that need to be up graded for a sick industrial unit. The Sick Industrial Companies (Special Provisions) Act, 1985 guides the activities of the board. The board assesses the type of sickness and the industrial units that eligibility criteria. The main eligibility criteria for the companies are that they should be registered under the Companies Act for at least 5 years.
The bank is located at
Jawahar Vyapar Bhawan, 1, Tolstoy Marg,
New Delhi and Shri A.K. Goswami acts as its Chairman.