A discussion paper by G. A. Tadas.


The development finance institutions (DFIs) like IFCI, IDBI and ICICI formed post-Independence contributed significantly towards India’s industrialization. However, with financial sector reforms since 1991, access to low cost funds for DFIs gradually stopped and the pioneering institutions like IDBI and ICICI had to transform themselves into commercial banks, while IFCI has been undergoing financial strain. Development banks world over, whether in developed or developing countries, were formed in response to failures of the markets to provide the financing necessary for entrepreneurial activity to boost new or existing companies.

Click here for the link to the paper. 

Files