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The Industrial Development Bank of India (IDBI) was established in 1964 under an Act of Parliament as a wholly owned subsidiary of the Reserve Bank of India.In 1976, the ownership of IDBI was transferred to the Union government and it was made the principal financial institution for coordinating the activities of institutions engaged in financing, promoting and developing industry in India.
Nationality. Indian. Occupation. MD & CEO of IDBI Bank. Children. 2. Rakesh Sharma (born 2 July 1958) is an Indian banker who is the Managing Director & Chief Executive Officer of IDBI Bank. [1] Sharma was the MD and CEO of Lakshmi Vilas Bank and Canara Bank. He has also held positions at State Bank of India during his 33-year tenure with the ...
The bank achieved a profit after tax (PAT) of ₹2,437 crore in the financial year 2023, maintaining a capital adequacy ratio of 16.82%. The bank's retail loans showing a gross non-performing asset (NPA) ratio of 1.65% and a net NPA ratio of 0.55% as of March 31, 2023. The overall gross NPA ratio is 2.51%, while the net NPA ratio is 0.86%.
State Co-operative Banks (SCBs) There are 33 state co-operative banks in India. The Andaman and Nicobar State Co-operative Bank Ltd. The Andhra Pradesh State Co-operative Bank Ltd. The Arunachal Pradesh State co-operative Apex Bank Ltd. The Assam Co-operative Apex Bank Ltd. The Bihar State Co-operative Bank Ltd.
Central Bank of India (93.08%) UCO Bank (95.39%) Indian Overseas Bank (96.38%) Punjab and Sind Bank (98.25%) Presently there are 43 Regional Rural Banks in India Since 1 April 2020.[9] Andhra Pradesh. Andhra Pragathi Grameena Bank [10] Chaitanya Godavari Gramin Bank. Saptagiri Gramin Bank.
www.sidbi.in. Small Industries Development Bank of India (SIDBI) is the apex regulatory body for overall licensing and regulation of micro, small and medium enterprise finance companies in India. It is under the jurisdiction of Ministry of Finance, Government of India headquartered at Lucknow and having its offices all over the country.
v. t. e. Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that ...
Established on 20 August 1907, this was the first bank established at Satara. At the time of the merger with IDBI, UWB had some 230 branches spread over 47 districts in 9 states, controlled by five Zonal Offices at Mumbai, Pune, Kolhapur, Jalgaon, and Nagpur. By acquiring UWB, IDBI was able to increase its branch network from 195 to 425 ...
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