In this chapter, we study the need for financial institutions, development banks including IFCI, ICICI, IDBI, IIBI, SIDBI, SFCs, SIDCs, NSIC and SSIDCs, their salient features and evaluation of the role of financial institutions in the Indian capital market. After reading this chapter, you will be able to understand and appreciate the role of various financial 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 financial institutions have been set up in India, both at all India level and at the State level. Today, there are more than 60 financial institutions each performing a specific ...

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