Who is the owner of IDBI Bank | wiki

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About the owner of Industrial Development Bank of India (IDBI)
Government of India is the owner of IDBI bank.
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About The IDBI Bank Limited Wiki
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 |
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Company Logo
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Details of the owner of IDBI Bank (Industrial Development Bank of India)(Wiki)
- Mr. Rakesh Sharma – (Managing Director & CEO)
- Suresh Kishinchand Khatanhar – (Deputy Managing Director)
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Details of the Company
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.
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IDBI Bank India Limited customer care
- 1800-22-1070
- 800-22-6999
- (+91-22) 6693 7000
- 1800-22-8444