Similarly, IDBI Bank Ltd. is also a public sector bank but not one of the nationalised banks of India. IDBI Bank was established in (IDBI Act. RBI reclassified IDBI as a private sector lender in January, after LIC acquired a 51% stake in the bank. Thus, now it is functioning as " IDBI Bank Limited". As it was already a government company since its inception, it will be wrong to call it nationalized bank, but it.
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Is idbi bank is nationalised bank -At first, it was a subsidiary of Reserve Bank of India and later got transferred to the Indian government in The bank's business rose and reached Rs 3. Indian industrial development banking company. As of 22 January , Government of India held The bank is one of the oldest public sector banks in the country. In India, the banking sector is categorized into two broad categories namely scheduled and non-scheduled banks. Post to Cancel. The bank was established on the auspicious day of Vijayadashami Day and hence the bank was named as 'Vijaya Bank'. Hidden categories: Articles with short description Short description is different from Wikidata Use Indian English from October All Wikipedia articles written in Indian English Use dmy dates from October All articles with unsourced statements Articles with unsourced statements from August Official website different in Wikidata and Wikipedia. The banks is idbi bank is nationalised bank amalgamated based on the use of same CBS platform core banking solution used in the bank which will help in quick realization of gains. The bank was nationalized in the year Namespaces Article Talk. Bank Ltd.
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