Industrial Development Bank of India (IDBI), an Indian largest nationalized Bank. Know more about the owner of IDBI and the Company more information. IDBI is one of India’s largest commercial Banks.
About the owner of the Industrial Development Bank of India (IDBI)
The Industrial Development Bank of India (IDBI), was 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.
About The IDBI Bank Limited Wiki
|Company Name||Industrial Development Bank of India (IDBI)|
|Founder / Owner||Indian Government|
|Founded||1 July 1964|
|CEO||MR. Rakesh Sharma|
|Head Office||Mumbai, India|
|| IDBI Tower, WTC Complex,
Cuffe Parade, Colaba, Mumbai 400005.
Details of the owner of IDBI Bank (Industrial Development Bank of India)(Wiki)
In reality, The Indian central government is the owner of IDBI bank. And its employees are called Central Government staff. In fact, it is one of 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)
Details of the Company
IDBI Bank, is basically a Universal Bank. Moreover, as a core banking and project finance domain, it has a conventional presence in associated financial sectors businesses like investment Banking, Capital markets, and Mutual Fund businesses.
The Industrial Development Bank of India (IDBI), embodied under the Industrial Development Bank of India Act, 1964 is 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, of 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.
IDBI Bank India Limited customer care
- (+91-22) 6693 7000