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Ifcl Industrial Finance Corporation Of India Recruitment

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  • Recruitment For Manager Post
    Post Name Assistant Manager No of Vacancy 16 Posts Pay Scale Rs. 17100-33200 - Post Name Manager No of Vacancy 18 Posts Pay Scale Rs. 21000-36400 - Educational Qualification For Assistant Manager BE B.Tech in computer Science or MCA or MBA or CA. For Manager MBA or equivalent preferably with BE B.Tech or CA or LLM LLB. Age Limit For Assistant Manager 22 to 30 years For Manager 30 to 35 years Age Relaxation For OBC Candidates 03 years For SC ST Candidates 05 years For PWD Candidates 10 years Job Location New Delhi Application Fee Candidates belonging to General OBC Category have to pay Rs. 500 - through Online. Applicants belonging to SC ST PWD Persons With Disability are exempted from such payment of processing fee. How to Apply for IFCI Vacancy Interested Eligible candidates may apply Online......

About Ifcl Industrial Finance Corporation Of India

At the time of independence in 1947, India's capital market was relatively under-developed. Although there was significant demand for new capital, there was a dearth of providers. Merchant bankers and underwriting firms were almost non-existent and commercial banks were not equipped to provide long-term industrial finance in any significant manner.

It is against this backdrop that the government established The Industrial Finance Corporation of India (IFCI) on July 1, 1948, as the first Development Financial Institution in the country to cater to the long-term finance needs of the industrial sector. The newly-established DFI was provided access to low-cost funds through the central bank's Statutory Liquidity Ratio or SLR which in turn enabled it to provide loans and advances to corporate borrowers at concessional rates.

By the early 1990s, it was recognized that there was need for greater flexibility to respond to the changing financial system. It was also felt that IFCI should directly access the capital markets for its funds needs. It is with this objective that the constitution of IFCI was changed in 1993 from a statutory corporation to a company under the Indian Companies Act, 1956. Subsequently, the name of the company was also changed to "IFCI Limited" with effect from October 1999.

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