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    Idbi Bank: ABOUT THE SECTOR: Financial Services

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    Prachi Mehta
    IDBI Bank is an Indian financial services company that provides banking and investment products and services. It was re-categorized in January 2019 by the Reserve Bank of India as a private sector bank after Life Insurance Corporation of India acquired 51% of IDBI Bank's total equity share capital, making it a majority private owner. IDBI Bank operates as a universal bank offering deposits, loans, payments, and investment solutions.

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    Idbi Bank: ABOUT THE SECTOR: Financial Services

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    Prachi Mehta
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    IDBI Bank is an Indian financial services company that provides banking and investment products and services. It was re-categorized in January 2019 by the Reserve Bank of India as a private sector bank after Life Insurance Corporation of India acquired 51% of IDBI Bank's total equity share capital, making it a majority private owner. IDBI Bank operates as a universal bank offering deposits, loans, payments, and investment solutions.

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    IDBI Bank is an Indian financial services company that provides banking and investment products and services. It was re-categorized in January 2019 by the Reserve Bank of India as a private sector bank after Life Insurance Corporation of India acquired 51% of IDBI Bank's total equity share capital, making it a majority private owner. IDBI Bank operates as a universal bank offering deposits, loans, payments, and investment solutions.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    13 views1 page

    Idbi Bank: ABOUT THE SECTOR: Financial Services

    Uploaded by

    Prachi Mehta
    IDBI Bank is an Indian financial services company that provides banking and investment products and services. It was re-categorized in January 2019 by the Reserve Bank of India as a private sector bank after Life Insurance Corporation of India acquired 51% of IDBI Bank's total equity share capital, making it a majority private owner. IDBI Bank operates as a universal bank offering deposits, loans, payments, and investment solutions.

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    Download as docx, pdf, or txt
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    IDBI BANK

    ABOUT THE SECTOR: Financial services:

    ABOUT THE COMPANY:


    IDBI Bank Ltd., as a full service universal bank, provides a wide gamut of financial products and services
    encompassing deposits, loans, payment services and investment solutions.

    Classification of IDBI Bank

    Re-categorization of IDBI Bank Ltd. as a Private Sector Bank


    IDBI Bank Limited has been categorized as a ‘Private Sector Bank’ for regulatory purposes by Reserve Bank Of India with effect from
    January 21, 2019 consequent upon Life Insurance Corporation Of India acquiring 51% of the total paid-up equity share capital of the
    bank. [Press Release: 2018-2019/2194 Dated March 14, 2019]

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