QuiZ 8-What is the Full Form of IDBI Bank?

Today Question is: What is the Full form of IDBI Bank

IDBI Bank was established in 1964 by an Act to provide credit and other financial facilities for the development of the fledgling Indian industry. It is a Development finance institution and now a subsidiary of Life Insurance Corporation.

• CEO: Rakesh Sharma (10 Oct 2018–)
• Headquarters: Mumbai

Is IDBI Bank private or government?

Reserve Bank of India has clarified vide a Press Release dated 14 March 2019, that IDBI Bank stands re-categorized as a Private Sector Bank for regulatory purposes with effect from 21 January 2019.

Full-Form of IDBI Bank

• Industrial Developer Bank of India
• Industrial Development Bank of India
• Indian Development Bank of India
• Insurance Development Bank of India
  

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