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The IDBI Bank Limited (IDBI Bank or IDBI) is a Scheduled Commercial Bank under the ownership of Life Insurance Corporation of India (LIC) and Government of India.It was established by Government of India as a wholly owned subsidiary of Reserve Bank of India in 1964 as Industrial Development Bank of India, a Development Finance Institution, which provided financial services to industrial sector.
Rakesh Sharma (born 2 July 1958) is an Indian banker who is the Managing Director & Chief Executive Officer of IDBI Bank. [1] Sharma was the MD and CEO of Lakshmi Vilas Bank and Canara Bank. He has also held positions at State Bank of India during his 33-year tenure with the lender. [2]
Jain served as the MD & CEO of IDBI Bank before being appointed as the Deputy Governor of the Reserve Bank Of India. Before joining IDBI Bank, he headed Indian Bank . [ 2 ] [ 3 ]
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. It was delinked from IDBI w.e.f. March 27, 2000.
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How healthy are your finances, really? Part two: 4 more money questions to ask yourself (FujiCraft via Getty Images)
Opioids accounted for about 82,000 U.S. deaths in 2022, ten times the number in 1999, according to the U.S. Centers for Disease Control and Prevention.
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%. [3] By the end of September 2004, the IDBI asset base was Rs. 36850 ...