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Question
Name any two main financial institutions in India.
Short Answer
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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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