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Industrial
Development Bank of India Ltd.
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|
 |
|
|
Type
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Public
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Trade
As
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(BSE:
500116)
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Industry
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Banking
Financial services |
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Founded
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July
1964
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Headquarters
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Mumbai,
India
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Key
people
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Shri
R M Malla, CMD
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Products
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Finance
and insurance
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Employees
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14,000
|
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Website
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IDBI Bank Limited (IDBI Bank) :-The Industrial
Development Bank of India (IDBI) was established on 1 July 1964 under an Act of
Parliament as a wholly owned subsidiary of the Reserve Bank of India. In 16
February 1976, the ownership of IDBI was transferred to the Government of India
and it was made the principal financial institution for coordinating the
activities of institutions engaged in financing, promoting and developing
industry in the country. , Government of India now owns 65.17% stake in IDBI
Bank. Hence IDBI Bank is also referred as 'The New Age Government owned Bank'.
It has now a network of 933 branches, 621 centres and 1514 ATMs as on October
13, 2011.
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