Dr. Rafiya: SUBMITTED BY: Ghanshyam Kumar Reg - No-22202509003 Imab'S
Dr. Rafiya: SUBMITTED BY: Ghanshyam Kumar Reg - No-22202509003 Imab'S
Dr. Rafiya: SUBMITTED BY: Ghanshyam Kumar Reg - No-22202509003 Imab'S
website www.idbi.com
BRIEF HISTORY
IDBI Bank was founded on July 1, 1964. It was established as a wholly
owned subsidiary of RBI (Reserve Bank of India). The ownership was
however transferred to the Government of India on February 16, 1976. It
worked as the main financial institution, whose main goal was to coordinate
with other institutions associated with financing, developing and promoting
the industry. With the public issue of IDBI Bank released in July 1995, the
share holding of the Government came down below 100%. However, the
majority of the share was still owned by the government, which is currently
52.3%. IDBI Bank started offering a wide array of products and services to
its customers, which covered entire range of industrial activities including
services and manufacturing.
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