The bank is expected to combine commercial, promotional and re – financing activities. It will subscribe to or buy stocks, shares, bonds or debentures of the S.F.C or any other Scheduled Bank / financial institutions. The bank can arrange technical or administrative assistance of any industrial concern or person for promotion, management or expansion of any industry. It will also plan, promote and develop industries to cover the gaps in the existing capital structure. The bank may also undertake research and survey for evaluating or dealing with marketing or investments.
Up to 1976, the IDBI functioned as a wing of the Reserve Bank of India. To enable it to play a more dynamic role in promoting the growth of industries, it was delinked from the RBI. It now functions as an autonomous institution under the control of the Government of India, having a separate board of directors, fully professionalized and specialized in three areas:
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