Regional development banks and industrialisation

To meet the financial requirements of industries, besides encouraging commercial banks to parti cipate, special non-bank financial institutions known as Development Banks, such as IFCI, ICICI, IDBI, SIDCS and SIICS, were establish ed as special financing agencies by Indian Government, immediately after Independence.

This study evaluates and assesses the efficiency and efficacy of this array of Development Banks in the field of large and medium industries. Their financial procedures, policies and opera tions have been investigated. Ability of these institutions in channeling funds towards large and medium industries has been evaluated empirically. The study also highlights the shortcomings and inadequacies of these institu tions inhibiting them in performing their role.

This outstanding book will be of great use to teachers and scholars of economics, commerce and management, bankers and policy-makers, and to all those interested in the study of development banks.