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Old 22nd May 2020, 08:35 AM
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Default IDBI Is Nationalised Or Not

I am from Dubai and shifted to India planning to open an account came to know about IDBI bank searching for bank details. Will you please tell IDBI Is Nationalised Or Not provide basic details along with list of products and services offered here along with bank registered address?
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Old 22nd May 2020, 10:01 AM
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Join Date: May 2012
Default Re: IDBI Is Nationalised Or Not

IDBI was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry

We can also say that IDBI Bank Ltd and SBI are too Public Sector Bank (though not nationalised bank) as GoI has over 50% stake in these bank too.

List of some products offered by this bank:

Preferred Banking
Savings Account
Flexi Current Account
Corporate Payroll Account
Fixed Deposit & Lockers
Loans
Pradhanmantri Social Security Scheme
Cards
PayApt-Mobile WalletNew
24 Hours Banking
JusTab
Trusteeship through ITSL
Sukanya Samriddhi Account

Contact:

Registered Office:
IDBI Bank Ltd.
IDBI Tower, WTC Complex,
Cuffe Parade, Colaba, Mumbai 400005.

Swift: IBKLINBB
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