What is Full form of IDBI Bank?
IDBI bank full form is Industrial Development Bank of India (IDBI). IDBI Bank was established in 1964. IDBI is an Indian government-owned financial service company. IDBI Bank’s headquartered in Mumbai. It was formerly known Industrial Development Bank of India. It currently has 3,700 ATMs, 1892 branches, including one overseas branch in Dubai, and 12, 122 centers. According to report, At present, Life Insurance Corporation of India holds 51% stake in IDBI Bank.
Who is the owner of IDBI Bank?
Sriram, who was previously the Managing Director at State Bank of India, was moved to IDBI Bank to facilitate its merger with Life Insurance Corporation of India (LIC).