Important Information
About the organization
IDBI Bank Limited (IDBI Bank or IDBI) is a development finance institution under the ownership of the Life Insurance Corporation of India and the Government of India. It was established in 1964 as the Industrial Development Bank of India, a development finance institution, which provided financial services to the industrial sector. In 2005, the institution was merged with its commercial division, IDBI Bank, forming the present-day banking entity and was categorized as "other development finance institution" category. Later in March 2019, the Government of India asked Life Insurance Corporation to infuse capital into the bank due to high NPA and capital adequacy issues and also asked LIC to manage the bank to meet the regulatory norms. IDBI was put under Prompt corrective action of the RBI and on 10 March 2021 IDBI came out of the PCA. At present direct and indirect shareholding of the Government of India in IDBI Bank is approximately 95%, which Government of India (GoI) vide its commun
About the notification
IDBI Bank Jr Assistant Grade ‘O’ Recruitment 2024 – Apply Online for 500 Posts