IDBI Is Nationalized Or Not

Is the Industrial Development Bank of India (IDBI) bank Nationalized or Not? Also provide me the detaiks of the bank?

[Arvind Kumar]

IDBI Bank is one among the public sector banks in India and is a nationalized bank to be treated on par with SBI and other Nationalized banks with reference to the notification dated 26th February 2013 by finmin.

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

At present Govt holds 77% stake in IDBI Bank, has reported yet another surge in bad loans in the April-June quarter.

It is currently has 3817 ATMs, 1995 branches, including one overseas branch at Dubai, and 1382 centers.

IDBI Bank was ranked #1197 in the Forbes Global 2000 in May 2013.

It received the 'Overall Best Bank' and 'Best Public Sector Bank' awards in the Dun & Bradstreet Banking Awards, 2011.

In 2011, it received Banking Technology awards for best use of Business Intelligence and the best Risk Management from Indian Banks Association.

Contact-

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

Customers can contact our 24 X 7 Phone Banking numbers
from any Landline / Mobile number, our Toll free numbers are as follows:
1800-200-1947
1800-22-1070