Who is the owner of IDBI Bank | wiki

Industrial Development Bank of India (IDBI), an Indian largest nationalized Bank. Know more about the owner of IDBI and Company more information. IDBI, is one of India’s largest commercial Banks. 

Industrial Development Bank of India (IDBI), incorporated in the year 1964 by an Act of Parliament. Owing to the sole purpose of offering credit and other financial facilities for the development of the amplifying Indian industry. Headquartered in Mumbai.

Government of India is the owner of IDBI bank.

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Company Name	Industrial Development Bank of India (IDBI)
Official Website	www.idbi.com
Founder / Owner	Indian Government
Founded	1 July 1964
CEO	MR. Rakesh Sharma
Status	Active
Head Office	Mumbai, India
Address	IDBI Tower, WTC Complex, Cuffe Parade, Colaba,Mumbai 400005.
Customer Care	Official Page 1800-200-1947

In reality, The Indian central government, is the owner of IDBI bank. And its employees are called Central Government staffs. In fact, it is one among the public sector banks in India and is a nationalized bank to be treated coequally with SBI and other nationalized banks in harmony with the notification dated 26th February 2013 by the finance ministry.

• Mr. Rakesh Sharma – (Managing Director & CEO)
• Suresh Kishinchand Khatanhar – (Deputy Managing Director)

IDBI Bank, basically a Universal Bank. Moreover, as a core banking and project finance domain, it has a conventional presence in associated financial sector businesses like investment Banking, Capital Market, and Mutual Fund Business.

Industrial Development Bank of India (IDBI), embodied under Industrial Development Bank of India Act, 1964 as a Development Financial Institution. Later, came into existence on July 01, 1964. By the same token, IDBI was regarded as a Public Financial Institution in terms of the provisions of Section 4A under the Companies Act, 1956. In addition, it continued to serve as a DFI for 40 years till the year 2004. Eventually,  transformed into a Bank.

Presently, It has 3,817 ATMs, 1,995 branches, including one overseas branch in Dubai, and 1,382 centers.

In 2006, IDBI Bank acquired United Western Bank (headquartered at Satara) in a recovery fashion. Eventually, IDBI Bank more than doubled the number of its branches from 195 to 425.

IDBI Bank Ltd contracted a loan bond for USD 340 million with KfW, Germany over its  Branch in Dubai(DIFC),. In general, the loan has a maturity of 10 years and carries a vying rate of interest.

• 1800-22-1070
• 800-22-6999
• (+91-22) 6693 7000
• 1800-22-8444