IDBI is an Indian public sector bank. The main aim of Indian parliament behind the establishment of this bank in 1964 was to promote the growth of Indian industries by helping them with credit and other financial service needs. The bank is headquartered in Mumbai, India. M.S. Raghavan is the CMD of IDBI bank from july 2013. Initially IDBI bank was subsidiary of Reserve Bank of India. Later the ownership of IDBI was given to Government of India in 1976. IDBI currently provides consumer banking and corporate banking services. IDBI also provides mortgage loans, insurance and investment banking services. IDBI has more than INR 20.32 billion net income.
| Full Form | Category | Term |
|---|---|---|
| Industrial Development Bank of India | Public Sector Bank in India | IDBI |
| Industrial Developmental Bank of India | Banking | IDBI |
| IDBI Bank Limited | NSE Company Symbol | IDBI |
| Industrial Development Bond Issuer | Stock Exchange | IDBI |
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