Economics · Banking institutions
What is the unique apex role historically assigned to IDBI that distinguished it from other development banks?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It handles the foreign exchange reserves and currency printing of the nation.
- 2It acts as the sole regulatory authority for all commercial banks in India.
- 3Providing financial assistance directly to industrial units, as well as refinancing loans granted by other financial institutions.✓
- 4It exclusively grants short-term working capital loans to micro enterprises.
Correct answer
Providing financial assistance directly to industrial units, as well as refinancing loans granted by other financial institutions.
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