Industrial Development Bank of India

IDBI Bank

IDBI Bank, originally established in 1964 as a development finance institution, was transformed into a full-service commercial bank in 2004. It operates under the jurisdiction of the Ministry of Finance, Government of India. IDBI Bank offers a wide range of financial services including retail and corporate banking, SME lending, and investment services. Although it was initially wholly owned by the Government of India, a majority stake was later acquired by the Life Insurance Corporation of India (LIC). Headquartered in Mumbai, the bank plays a significant role in supporting industrial and economic development in the country.