Establishment of IDBI Bank
IDBI Bank is India's leading public sector bank and the largest development bank of its class. IDBI Bank was established in 1964 as Industrial Development Bank of India, as a separate entity under RBI to support and finance industries for the development. In the year 2003 by an Act of Parliament, namely, Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 the bank became a public limited company and started functioning as a private arm of the government of India. By this the bank started venturing in to normal banking operations with special emphasis to development project financing. The bank now is one of the fastest growing banks and a technology driven corporation.
IDBI Bank Ltd is an equal opportunities employer providing its employees and all qualified applicants with equal opportunities without regard to their race, caste, religion, colour, ancestry, marital status, sex, age, nationality, disability etc. The bank has actively involved in many activities for the improvement of the quality of life of the people in the communities in which it operates with the objective of making them self reliant.