Government-Owned Banks in India

Government-Owned Banks in India

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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 26. Chapters: IDBI Bank, Bank of Baroda, State Bank of India, Corporation Bank, Andhra Bank, Oriental Bank of Commerce, Canara Bank, Central Bank of India, State Bank of Travancore, Punjab National Bank, Indian Overseas Bank, Small Industries Development Bank of India, Syndicate Bank, Indian Bank, State Bank of Bikaner a Jaipur, Allahabad Bank, State Bank of Indore, Bank of Maharashtra, Vijaya Bank, United Bank of India, Dena Bank, Union Bank of India, State Bank of Hyderabad, State Bank of Saurashtra, State Bank of Mysore, Punjab a Sind Bank, State Bank of Patiala, UCO Bank. Excerpt: The Industrial Development Bank of India Limited (IDBI) (BSE: 500116 ) is one of India's leading public sector banks and 4th largest Bank in overall ratings. RBI categorised IDBI as an qother public sector bank.q It was established in 1964 by an Act of Parliament to provide credit and other facilities for the development of the fledgling Indian industry. It is currently 10th largest development bank in the world in terms of reach with 1300 ATMs, 758 branches and 513 centers. Some of the institutions built by IDBI are the National Stock Exchange of India (NSE), the National Securities Depository Services Ltd (NSDL), the Stock Holding Corporation of India (SHCIL), the Credit Analysis a Research Ltd, the Export-Import Bank of India(Exim Bank), the Small Industries Development Bank of India(SIDBI), the Entrepreneurship Development Institute of India, and IDBI BANK, which today is owned by the Indian Government, though for a brief period it was a private scheduled bank. To meet emerging challenges and to keep up with reforms in financial sector, IDBI has taken steps to reshape its role from a development finance institution to a commercial institution. With the Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003, IDBI attained the ...Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 26.

Title:Government-Owned Banks in India
Author: Books Group
Publisher:Books LLC, Wiki Series - 2011-06-25

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