IDBI BANK LIMITED
IDBI BANK LIMITED IDBI Bank Limited was established in 1964 as Industrial Development Bank of India, a development finance institution, which provided financial services to the industrial sector. In 2005, the institution was merged with its commercial division, IDBI Bank, forming the present-day banking entity and was categorised as ‘other development finance institution’ category. Later in March 2019, Government of India asked to infuse capital in the bank due to high NPA and capital adequacy issues and also asked LIC to manage the bank to meet the regulatory norms. Many national institutions find their roots in IDBI like SIDBI, EXIM, National Stock Exchange of India, SEBI, National Securities Depository Limited. The emblem of the bank promises fair and transparent transactions, safety and capital growth. The sign shows that the structure invests in the development of the country. It has an orange lotus, which represents Indianness. It also resembles the head of...