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The IDBI Bank Limited (IDBI Bank or IDBI) is a Scheduled Commercial Bank under the ownership of Life Insurance Corporation of India (LIC) and Government of India.It was established by Government of India as a wholly owned subsidiary of Reserve Bank of India in 1964 as Industrial Development Bank of India, a Development Finance Institution, which provided financial services to industrial sector.
Small Industries Development Bank of India (SIDBI) is the apex regulatory body for overall licensing and regulation of micro, small and medium enterprise finance companies in India. It is under the jurisdiction of Ministry of Finance , Government of India headquartered at Lucknow and having its offices all over the country.
United Western Bank (UWB) was an Indian bank founded in 1936 that IDBI Bank acquired in 2006 in a rescue. [1] The Reserve Bank of India placed UWB under a moratorium to protect the interest of public and depositors as growing losses eroded its capital.
IDBI Bank was categorised as a private bank with effect from January 2019 on account of LIC acquiring the shares from GoI. [ 7 ] On 30 August 2019, Minister of Finance Nirmala Sitharaman announced the government's plan for further consolidation of public sector banks.
Sh. Unnikrishnan A, Legal Adviser, Reserve Bank of India 10. Part Time Member Dr. Krishnamurthy Subramanian, Former Chief Economic Advisor, Government of India 11. Part Time Member Sh. B. Sriram, Former Managing Director & CEO of IDBI Bank Ltd.
IDFC in 2005 via IPO cutdown ownership from 100% to 34.91% [35] In October 2024 IDFC merged into IDFC Bank leading to full privatization. [ 36 ] Protean eGov Technologies , formerly known as NSDL e-Gov Infrastructure Limited(a subsidiary of NSDL ), Government of India to sell stakes via SUUTI(Specified Undertaking of The Unit Trust of India ...
A tender announcement from the Indonesian Ministry of Finance. An invitation to tender (ITT, also known as a call for bids [1] or a request for tenders) is a formal, structured procedure for generating competing offers from different potential suppliers or contractors looking to obtain an award of business activity in works, supply, or service contracts, often from companies who have been ...
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