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What is IDBI Establishment and Functions about?

Industrial Development Bank of India (IDBI) was established in 1964 as a wholly owned subsidiary of the Reserve Bank of India to provide long-term financing to industries. IDBI is currently the 10th largest development bank globally with over 1000 branches. It is headquartered in Mumbai and provides financing to industries as well as refinancing and rediscounting of commercial bank loans to industries. IDBI has established several important financial institutions in India and works to coordinate financial i

Author

Mohit Gupta

Language

EN