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Question
Name any two main financial institutions in India.
Answer in Brief
Solution
Public financial institutions in India have been set up at both national and state levels. Some of the prominent institutions are as follows:
- Industrial Finance Corporation of India (IFCI) Ltd.
- Industrial Credit and Investment Corporation of India (ICICI) Bank.
- Industrial Development Bank of India (IDBI) Ltd.
- State Financial Corporations (SFCs).
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