Page 69 - VIRANSH COACHING CLASSES

8) Investment Bank:
These banks provide financial and advisory assistance to their customers. Their clients gener-
ally include business firms and government organisations. Investment banks facilitate mergers
and acquisitions by undertaking research and providing advice on investment decisions. Gen-
erally, investment banks do not directly deal with general public.

9) Specialised Banks:
These banks cater to the requirements and provide overall support for setting up business in
specific areas.
i) Export and Import Bank (EXIM):
This bank provides fmancial assistance to exporters and importers and functions as the prin-
cipal financial institution for coordinating the working of institutions engaged in financing
export and import of goods and services with a view to promoting the country's international
trade.

ii) Small Industries Development Bank of India (SIDBI):

Small Industries Development Bank of India (SIDBI) set up on 2nd April 1990 under an Act
of Indian Parliament, acts as the principal financial institution for promotion,
financing and development of the Micro, Small and Medium Enterprise (MSME) sector as
well as for co-ordination of functions of institutions engaged in similar activities.
iii) National Bank for Agriculture and Rural Development (NABARD):

60 61