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Generated with AI from 11 reviews on Trustburn

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Sanjeev Wadhwa
Reviews 1

I had a great experience with Ifci. The customer service was excellent and they were able to provide me with all the information I needed. The website was easy to navigate and the overall process was smooth. I would definitely recommend Ifci to others.

Deniz Turgut
Reviews 1

Ifci has been a reliable and trustworthy company in my experience. The customer service is efficient, and the website is user-friendly. The services provided are accurate and detailed. I would recommend Ifci to anyone in need of financial services. 👍

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About Ifci

At the time of independence in 1947, India's capital market was relatively under-developed. Although there was significant demand for new capital, there was a dearth of providers. Merchant bankers and underwriting firms were almost non-existent and commercial banks were not equipped to provide long-term industrial finance in any significant manner.

It is against this backdrop that the government established The Industrial Finance Corporation of India (IFCI) on July 1, 1948, as the first Development Financial Institution in the country to cater to the long-term finance needs of the industrial sector. The newly-established DFI was provided access to low-cost funds through the central bank's Statutory Liquidity Ratio or SLR which in turn enabled it to provide loans and advances to corporate borrowers at concessional rates.

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Banking