Economy, asked by PerinKrishna761, 1 year ago

Explain the functions of Industrial Investment Bank of India Ltd (IIBI).

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Answered by newday

To provide financial assistance as well as to revive and revitalise sickindustrial units in public/private sectors, an institution called theIndustrial Reconstruction Corporation of India (IRCI) was set up in 1971 with a share capital of Rs. 10 crores.

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