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      Explore Electronic Training Institute, Bengaluru Courses

      Have a question related to Electronic Training Institute, Bengaluru ?

      What authorities does the Industrial Reconstruction Bank of India have?

      The IRBI has the authority to take control of sick industrial units, lease them out or sell them as going concerns, or develop plans for rebuilding by reducing liabilities with the Government of India's agreement.

      What was the Industrial Reconstruction Bank of India renamed to?

      Under the Companies Act of 1956, IRBI was established, and in March 1997, it changed its name to the Industrial Investment Bank of India (IIBI).

      When was the Industrial Reconstruction Bank of India founded?

      The Industrial Reconstruction Bank of India Act, 1984, may be referred to as such. Its purposes include acting as the primary credit and reconstruction agency for the revival of India's industrial sector, coordinating similar work by other institutions involved in the sector, and assisting in and promoting rapid industrialisation as well as renovating industrial concerns.

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