IDBI Bank

IDBI Bank

5%

interest per annum

monthly

payment of interest

$1,400

deposit guarantee

6-12 mo.

duration

allowed

early withdrawal

EURUSDGBP

term deposit currencies

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IDBI Bank

About IDBI Bank

billions USD

Assets

millions of

Clients

thousands of

Employees

1964

year of

Founding

Rating

Fitch

BB+

Medium safety

IDBI Bank (Industrial Development Bank of India) was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry. It is owned by the Government of India. It is one among the public sector banks in India and is a nationalized bank to be treated on par with State Bank of India (SBI) and other nationalized banks in accordance with the notification dated 26 February 2013 by the finance ministry. It currently has 13,722 ATMs, 1 899 branches, including one overseas branch in Dubai. IDBI Bank's equity shares are listed on Bombay Stock Exchange and the National Stock Exchange of India.

India

India

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