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The Industrial Development Bank of India (IDBI) was established in 1964 under an Act of Parliament. It was initially set up as a wholly owned subsidiary of the Reserve Bank of India (RBI) with a mandate of providing credit and other facilities for balanced industrial development. In 1976, the ownership of IDBI was transferred to the Government of India and it was accorded the status of principal financial institution in the country for co-ordinating the working of institutions, engaged in financing, promoting and developing industry, and also assisting in the development of such institutions. Following amendment to IDBI Act in October 1994 to permit public ownership up to 49% of its issued capital, IDBI went in for a public issue in July 1995. The shareholding of Government of India in IDBI currently stands at 58.47%.

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.

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Kotak Mahindra Capital Company (KMCC) helps leading Indian corporations, banks, financial institutions and government companies access domestic and international capital markets. KMCC has the most current understanding of investor appetite, having been the leading book runner/lead manager in public equity offerings in the period FY 2002-06.

Loansdirect is initiated by group of experienced persons and started its operations in Chennai. The team was engaged in the financial services from the past 15 years and operated DSAs/DMAs for many banks. During the tenure, the team found gaps between prospective customer and bank services, which made to think further to provide qualitative & appropriate services to our valuable customer. Now, Loansdirect.in is now into online services for retail loans in India and guides you with required information on all Bank Loans. Ours web portal, not only provides information on loans, but also developed supportive systems in loan comparison, market updates and directory of lenders. Customers are busy with their day to day commitments either at home or at work place and we knows that you are not having time to spend at banks. Moreover, thanks to our globalization, now everything is possible at one click.

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