IDBI Bank Limited is a subsidiary of Life Insurance Corporation. The bank provides banking and financial services. The bank was established in 1964 as the Industrial Development Bank of India. Its primary purpose was to provide financial services to the industrial sector. IDBI full form includes the name, address, contact details, and other information. However, the bank’s purpose has since changed. Now, IDBI provides financial services to a variety of industries including agriculture, manufacturing, and retail.
Industrial Development Bank of India is referred to as IDBI. It is a Mumbai-based financial services corporation that is controlled by the Indian government. Industrial Development Bank of India was its previous name. It was founded in 1964 to offer credit and other financial resources for the growth of the Indian industrial sector. It is currently one of India’s biggest commercial banks and provides specialized banking and financial solutions. It ranks as the tenth largest bank in the world in terms of reach. It has 1602 branches, 2912 ATMs, and 1013 centers (Including 2 overseas centers in Singapore and Beijing). Being a highly regarded and trustworthy bank that increases value for all stakeholders is its vision. Mahesh Kumar Jain is the MD and CEO of IDBI as of October 9, 2017.
Industrial Development Bank of India is a government-owned financial service company headquartered in Mumbai. The bank provides credit, technical assistance, and research to Indian industries. In addition to these services, IDBI also raises funds through the market through bonds, deposits, and lines of credit. IDBI has offices across India, including many cities. IDBI provides financial services to both the private and public sector. IDBI also has a vast network of offices and ATMs nationwide.
In addition to providing credit to Indian industry, IDBI also provides a variety of financial services. Its products include various types of savings accounts, credit cards, fixed deposits, and loans for education, cars, and other properties. IDBI also offers a customer care service and a balance enquiry form. IDBI is the largest bank in India, and is one of the country’s largest private banks. IDBI full form:
In addition to offering a wide range of services, IDBI offers guaranteed deferred payments on loans and exports. Furthermore, IDBI can guarantee liabilities that arise as a result of underwriting by banks and other financial institutions. In this way, the Industrial Development Bank can create an enabling environment for federal underwriting in India. The bank also offers refinancing facilities for long-term loans, ranging from three to twenty-five years, and more than ten years.
IDBI offers net banking, mobile banking, and Emi payments. Its services are quick, hassle-free, and free of charge. IDBI bank is one of the best banks to open a savings account. Its customer service is unsurpassed, and IDBI is a top choice for many people. For more information, please visit IDBI Bank’s website. The full form can be obtained by clicking the link below.
The Industrial Development Bank of India (IDBI) was established by an Act of Parliament in 1964. After that, it became a prominent financial institution promoting industrial development in India. IDBI also helped to establish national importance institutions by offering long-term loans. It also undertakes market research to identify investment opportunities. IDBI also promotes institutions working towards industrial development. If you’d like to get in touch with IDBI, feel free to contact us.
