Question

ame one financial institution which was formed by transforming The Industrial Reconstruction Bank of India.

Answer 1

Answer:

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IRBI

With a view to converting the institution into a full-fledged development financial institution, IRBI was incorporated under the Companies Act 1956, as Industrial Investment Bank of India Ltd. (IIBI) in March 1997.

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Answer 2

Hello,

Industrial Development Bank of India (IDBI Bank Limited or IDBI Bank or IDBI) was established in 1964 by an Act to provide credit and other financial facilities for the development of the fledgling Indian industry.

Thanks