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IDBI Bank was established in 1964 to provide credit and financial facilities for developing Indian industry. It initially operated as a subsidiary of the Reserve Bank of India before being transferred to the Government of India. Over the years, IDBI Bank played a pioneering role in catalyzing industrial development in India. In recent years, the bank has faced financial difficulties and reported losses, but is expected to return to profitability. In 2019, LIC acquired a 51% stake in IDBI Bank, making it the

Author

amit

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EN