Question
Download Solution PDFIn which of the following states is the headquarters of IDBI (Industrial Development Bank of India) located?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Maharashtra.
- The headquarters of IDBI (Industrial Development Bank of India) is located in Maharashtra.
Key Points
- The full form of the abbreviation IDBI is the Industrial Development Bank of India.
- It was established in 1964 and came into operation on July 1, 1964, to provide credit and other financial facilities for the development of industries in India.
- IDBI Bank has been categorized as a private sector bank by the Reserve Bank of India, with effect from January 21, 2019.
- The move came following the acquisition by Life Insurance Corporation of India (LIC) having a 51% stake in the bank.
Last updated on Jun 13, 2025
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