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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.
It is under the jurisdiction of Ministry of Finance, Government of India headquartered at Lucknow and having its offices all over the country.The SIDBI was established on April 2, 1990, by Government of India, as a wholly owned subsidiary of IDBI Bank . It was delinked from IDBI w.e.f. March 27, 2000.
The IDBI was established to provide credit for major financial facilities to assist with the industrial development of India. It was established in 1964 by RBI, and was transferred to the government of India in 1976. The government holdings in IDBI, after the IPO, is 51.4%. By the end of September 2004, the IDBI asset base was Rs. 36850 crore.
Bank of India. Bank of India ( BOI) is an Indian public sector bank headquartered in Bandra Kurla Complex, Mumbai. Founded in 1906, it has been government-owned since nationalisation in 1969. BoI is a founding member of SWIFT (Society for Worldwide Inter Bank Financial Telecommunications), which facilitates provision of cost-effective financial ...
If you look at a bank-issued check, you’ll see a series of numbers printed along the bottom edge of the check. The first set of numbers is the nine-digit bank routing number. The second set of ...
National Securities Depository Limited (NSDL) is an Indian central securities depository under the jurisdiction of Ministry of Finance, Government of India based in Mumbai. The enactment of Depositories Act, December 1995 paved the way for establishment of NSDL. It was established in 1995 as the first electronic securities depository in India ...
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IDBI Bank: 1964: Mumbai, Maharashtra: 2,005 ₹ 298,652 crore (US$37 billion) ₹ 24,803 crore (US$3.1 billion) IDFC First Bank: 2015: Mumbai, Maharashtra: 707 ₹ 163,071 crore (US$20 billion) ₹ 18,221 crore (US$2.3 billion) IndusInd Bank: 1994: Mumbai, Maharashtra: 2,015 ₹ 362,903 crore (US$45 billion) ₹ 28,999 crore (US$3.6 billion ...