Google trend - IFCI

IFCI - 10 things to know with detail

• Full form: IFCI stands for Industrial Finance Corporation of India. It is a government-owned financial institution in India that provides financial assistance to various industrial projects.
• History: IFCI was established in 1948 as the first development finance institution in India. It played a crucial role in the industrial development of the country by providing long-term finance to industrial projects.
• Objectives: The main objective of IFCI is to promote industrial development in India by providing financial assistance to industrial projects, especially in the areas of infrastructure, manufacturing, and services.
• Financial services: IFCI offers a wide range of financial services such as term loans, project finance, working capital finance, and advisory services to industrial projects.
• Shareholding: IFCI is a government-owned financial institution with the Government of India holding a majority stake in the company. However, it is also listed on the stock exchanges, and private investors can also hold shares in the company.
• Regulatory supervision: IFCI is regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) to ensure compliance with financial regulations and guidelines.
• NPA issues: IFCI has faced challenges in managing its non-performing assets (NPA) in recent years, which has affected its profitability and financial stability.
• Restructuring: In order to address its NPA issues and improve its financial performance, IFCI has undergone restructuring and has taken steps to strengthen its balance sheet.
• Role in economic development: IFCI has played a significant role in supporting the growth of the Indian economy by providing financial assistance to key sectors such as infrastructure, manufacturing, and small and medium enterprises.
• Future outlook: Despite facing challenges, IFCI continues to play a vital role in supporting industrial development in India. The company is focusing on improving its financial performance and expanding its services to support the government's initiatives for economic growth and development.