Question
Till November 2021, how many All India Financial
Institutions does our country have?Solution
There are 4 All India Financial Institutions in India, these are-
-
Industrial Development Bank of India (IDBI)
-
Industrial Finance Corporation of India (IFCI)
-
Export - Import Bank of India (Exim Bank)
-
Industrial Reconstruction Bank of India (IRBI) now Industrial Investment Bank of India.
All India Financial Institutions (AIFI) are a group of financial regulatory bodies also known as the "financial instruments" that play a vital role in the financial markets in the proper allocation of resources, sourcing from businesses that have a surplus and distributing to others who have deficits, to have a continuous circulation of money in the economy.
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