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Which of the following banks is known as the first development bank of India?

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Which of the following banks is known as the first development bank of India?
1. IDBI
2. IFCI
3. ICICI
4. SFC
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Correct Answer - Option 2 : IFCI

IFCI

  • IFCI, previously Industrial Finance Corporation of India, is a Non-Banking Finance Company in the public sector.
  • Established in 1948 as a statutory corporation, IFCI is currently a company listed on BSE and NSE.
  • IFCI has seven subsidiaries and one associate
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