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What is Industrial Investment Bank of India mean?
The Industrial Investment Bank of India (IIBI) was a government of India-owned financial investment institution that operated from its inception in 1971 until it was closed down by the Indian government in 2012. It was a type of development bank with the aim of rehabilitating sick industrial companies in India. IIBI offered a wide range of products and services, including term loan assistance for project finance, short duration non-project asset-backed financing, working capital/other short-term
referencePosted on 21 Sep 2024, this text provides information on Miscellaneous in Banking related to Banking. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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