Question

India Investment Fund was established by

• A. IFCI
• B. Grindlays Bank
• C. State Bank
• D. Can Bank

Hint:

Canara Bank (Can Bank) has promoted several financial institutions like Canbank Mutual Fund and India Investment Fund to enhance industrial finance in India.

Answer 1

The Correct Option is D

Step 1: Understanding the India Investment Fund.
The India Investment Fund was established as a financial initiative to promote investment opportunities and industrial development in India.
The fund aimed to attract both domestic and foreign investors by providing structured investment opportunities and promoting the Indian economy’s growth potential.
Step 2: Establishing authority.
The India Investment Fund was established by the Canara Bank (Can Bank) through its financial subsidiaries.
Can Bank is a major public sector bank in India that has been instrumental in setting up various financial institutions and investment funds to support industrial and infrastructure growth.
Step 3: Role of Can Bank.
Can Bank’s role was crucial in promoting capital formation, supporting industrial expansion, and fostering financial inclusion through long-term investments.
Step 4: Analysis of options.
- (1) IFCI: Focuses mainly on industrial finance, not on the India Investment Fund.
- (2) Grindlays Bank: A foreign bank, not involved in establishing this fund.
- (3) State Bank: A leading public bank but not associated with this specific fund.
- (4) Can Bank: Correct — India Investment Fund was established by Canara Bank.
Step 5: Conclusion.
Hence, the India Investment Fund was established by Can Bank.