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IDBI Full Form is Industrial Development Bank of India

 

What is the full form of IDBI

IDBI: Industrial Development Bank of India

 

IDBI stands for Industrial Development Bank of India. It’s an Indian government- possessed fiscal service company, headquartered in Mumbai. It was formerly known Industrial Development Bank of India. It was established in 1964 to give credit and other fiscal installations for the development of Indian assiduity. Presently, it’s one of the largest marketable banks of India which offers individualized banking and fiscal results. In the term of reach, it’s 10th largest bank of the world. It has 2912 ATMs, 1602 branches, and 1013 centers ( Including 2 overseas centers in Singapore and Beijing). Its vision is to be a largely favored and dependable bank enhancing value for all stakeholders. As of October 9, 2017,Mr. Mahesh Kumar Jain is the MD and CEO of IDBI.

 

IDBI Bank does not work only in core banking services. Piecemeal from this, It also deals in other fiscal services like Bond Trading, Equity Broking, and Depository services. IDBI was established as a attachment of RBI (Reserve Bank of India). The Government of India takes it power in Feb, 1976.

 

Key Products

Preferred Banking Royale Account, Preferred Account, PowerPlus Account.

Savings Account SuperSavings Account, SuperShakti (Womens) Account, Jubilee Plus (Senior Citizens) Accountetc.

Flexi Current Account

Corporate Payroll Account Imperial Salary Account, Star Salary Account, Prime Salary Account, Pride Salary Accountetc.

Loans Home Loan, Auto Loan, Personal Loan, Education Loan etc.

Pradhanmantri Social Security Scheme

Cards Credit Cards, Debit Cards, Prepaid Cardsetc.

Pay Apt-Mobile Wallet

24 Hours Banking Phone Banking, Mobile Banking, Internet Banking, Account Cautions etc.

Jus Tab

Trusteeship through ITSL

Sukanya Samridhi

 

IDBI Full Form

 

Financial Records and Workers

On 31st March, 2013, There were 15465 workers in IDBI. The bank records business of25.64 crores INR per hand and net profit of INR12.17 lakhs per hand during the time 2012-2013. As on 31March 2016, it had an balance distance size of Rs. 3,74,372 crore and total business of Rs. 4,81,613 crore.

 

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