May 2024
Intermediate to advanced
688 pages
51h 31m
English
Content preview from Business Environment, 1st Edition by Pearson
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Part VII: Financial Systems
trends in the markets, protecting the interest of the investor,
effi cient utilization of the resources, etc.
(ii) Establishment of development banks and expansion of the
public sector : Starting with the establishment of the Industrial
Finance Corporation of India (IFCI), a number of development
banks have been established at the national and regional levels
to provide fi nancial assistance to enterprises. These institutions
today account for a large chunk of the industrial fi nance.
The expansion of the public sector in the money and capital
markets has been accelerated by the nationalization of the insur- ...
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