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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.
Children. 2. Rakesh Sharma (born 2 July 1958) is the Managing Director & Chief Executive Officer of IDBI Bank. [1] He is one of the first two private bankers to lead a state-run bank. Previously, Sharma was the MD and CEO of Lakshmi Vilas Bank and Canara Bank. He has also held several key positions at State Bank of India during his 33-year ...
Indian Bank is an Indian public sector bank, established in 1907 and headquartered in Chennai.It serves over 100 million customers with 40,187 employees, 5,847 branches with 4,937 ATMs and Cash deposit machines.
M. Damodaran. Meleveetil Damodaran is an Indian corporate advisor, mentor, and former senior government official. He is a director on the boards of Biocon and InterGlobe Aviation (IndiGo). He was previously on the boards of Larsen & Toubro, Hero MotoCorp, Tech Mahindra and CRISIL . He is the founder Chairperson of Excellence Enablers Private ...
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 branches.
Industrial Development Bank of India (IDBI) initially set up the fund by the execution of a deed under which IDBI was the only Sponsor, Settlor, and Principal Trustee, with an initial amount of Rs. 1 lakh and an additional amount of Rs. 24.99 crore was settled as the trust corpus.
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