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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]
What is known today as IDB Bank first began in 1949 as a single representative office in New York City for Tel Aviv-based Discount Bank. The office had just a few employees and limited contact with the public. [3] In 1961, New York State law changed to allow foreign banks to operate full branches. [4]
This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2]At end-March 2024, India's commercial banking sector consisted of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 45 foreign banks (FBs), 12 SFBs, six PBs, 43 RRBs, and two LABs.
Small Industries Development Bank of India (SIDBI) is the apex regulatory body for overall licensing and regulation of micro, small and medium enterprise finance companies 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.
He is the chairman of IDBI Bank, He is on the board of Mahindra & Mahindra, Tech Mahindra and National Bank for Financing Infrastructure and Development (NaBFID). He was initiated into the Masonic movement in Lodge Accountants No. 194 on 27 October 1994.
IDFC First Bank (stylised as IDFC FIRST Bank) is an Indian private sector bank based in Mumbai. Founded in 2015 as a banking subsidiary of IDFC Limited , it shifted focus from infrastructure financing to retail banking in the years after its 2018 merger with Capital First . [ 6 ]
State Bank of India: $71,844 232,296 The bank is a state-owned, multi-national financial services entity, founded in 1806 as the Bank of Calcutta. The firm operates in more than 36 countries. 180 Oil and Natural Gas Corporation: $71,466 36,549 State-owned largest crude oil and gas company in India.