IDBI SO - SPLessons

Industrial Development Bank of India Introduction

Chapter 1

SPLessons 5 Steps, 3 Clicks
5 Steps - 3 Clicks

Industrial Development Bank of India Introduction

shape Introduction

Industrial Development Bank of India, popularly known as IDBI, conducts Online Examination for recruitment of suitable candidates into IDBI banks. Industrial Development Bank of India, IDBI Bank Ltd., a leading provider of a complete range of retail and corporate banking services to its clients and a company within the meaning of the Companies Act, 2013, has majority shareholding by Government of India.

IDBI Bank Established in 1964 by an Act of Parliament, Industrial Development Bank of India (IDBI) provides credit and other financial facilities for the development of the fledgling Indian industry.

shape IDBI

  • The Industrial Development Bank of India (IDBI) was established in 1964 under an Act of Parliament as a wholly owned subsidiary of the Reserve Bank of India.

  • In 1976, the ownership of IDBI was transferred to the Government of India and it was made the principal financial institution for coordinating the activities of institutions engaged in financing, promoting and developing industry in India.

  • IDBI is the 10th largest Developments in the world in terms of Branches and ATMs.

  • It is one of 27 Commercial Banks tackled by the Government of India(GOI).

  • IDBI is the youngest, new generation and public sector universal banking system in India.

  • IDBI provides a huge range of retail and corporate banking, investment banking, agriculture loan, mortgage loan, finance&insurance, etc.

  • IDBI Bank was ranked 1197 in the Forbes Global 2000 in May 2013.

  • It received the Overall Best Bank and Best Public Sector Bank awards in the Dun & Bradstreet Banking Awards, 2011.

  • In 2011, it received Banking Technology awards for best use of Business Intelligence and the best Risk Management from Indian Banks Association.

Industrial Development Bank of India provides standardized systems for recruitment of young graduates in IDBI Bank in India. The recruitment is primarily categorized as below:

  • IDBI Executives

  • Engagement of Advisor (Human Resources)

  • Engagement of Expert/Professional (Information Technology)

  • Engagement of Advisor (Financial & Accounting System Analyst & Data Analytics)

  • Recruitment of Specialist Officers in Grade D, C & B