Question

10. Write a short note on IRBI​

Answer 1

.

${\fbox{\fbox{\fbox{\fbox{\fbox{\fbox{\fbox{\fbox{\fbox{\fbox{\fbox{\fbox{\fbox{\fbox{\fbox{\fbox{\fbox{\fbox{\fbox{\fbox{\fbox{\fbox{\fbox{\fbox{\fbox{IRBI was established in March 1985 to take over IRCI, Now IRBI has to function as the principal all-India credit a reconstruction agency for industrial revival, assisting and promoting industrial development and rehabilitating industrial concerns. It has also to co-ordinate with similar institutions}}}}}}}}}}}}}}}}}}}}}}}}}}$

Answer 2

Answer:

In 1984, the Government of India handed an Act converting the Industrial Reconstruction Corporation of India (IRCI) into the Industrial Reconstruction Bank of India (IRBI). IRBI was mounted in March 1985 to take over IRCI.

Explanation:

The Government of India installed the Industrial Reconstruction Corporation of India (IRCI) in April 1971, below the Indian Companies Act particularly to appear after unique issues of ill units’ and offer help for their rapid reconstruction and rehabilitation. Now IRBI has to feature as the important all-India credit a reconstruction corporation for commercial revival, supporting and selling commercial improvement and rehabilitating commercial concerns. It has additionally to co-ordinate with comparable institutions.

The accepted capital of the financial institution is Rs. two hundred crore, out of which the preliminary paid-up capital is Rs. 50 crore. The financial institution is empowered to complement its sources through issuing and promoting bonds and debentures, accepting deposits from the public, borrowing from RBI and different institutions.

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