
In this chapter, we study the need for nancial institutions, develop-
ment banks including IFCI, ICICI, IDBI, IIBI, SIDBI, SFCs, SIDCs, NSIC and
SSIDCs, their salient features and evaluation of the role of nancial
institutions in the Indian capital market. After reading this chapter,
you will be able to understand and appreciate the role of various
nancial institutions in the Indian capital market.
In response to the varied and growing demands of industry in
the context of its special needs in a developing economy, several
specialized fi nancial institutions have been set up in India, both at
all India level and at the State level. T