Industrial Development Bank of India
Industrial Development Bank of India as a full service universal bank, provides a wide gamut of financial products and services encompassing deposits, loans, payment services and investment solutions. We are committed to understanding our customers’ needs and aim at consistently delivering relevant financial solutions and excellent customer service.
Industrial Development Bank of India (IDBI) was constituted under Industrial Development Bank of India Act, 1964 as a Development Financial Institution (DFI) and came into being as on July 01, 1964 vide GoI notification dated June 22, 1964. It was regarded as a Public Financial Institution in terms of the provisions of Section 4A of the Companies Act, 1956. It continued to serve as a DFI for 40 years till the year 2004 when it was transformed into a Bank.
Industry: Finance & Insurance