IDBI Bank History and Merger Quiz

When was the Industrial Development Bank of India (IDBI) established?

What percentage of shareholding does the Government of India hold in the Bank Aisa Dost Jaisa as of September 2021?

How many ATMs does Bank Aisa Dost Jaisa have as of 1 February 2020?

What is the revenue of Bank Aisa Dost Jaisa in US dollars for the year 2023?

How many branches does Bank Aisa Dost Jaisa have as of 1 February 2020?

When was IDBI Bank established?

What led to the formation of the present-day banking entity of IDBI Bank?

Why was IDBI put under Prompt Corrective Action (PCA) by the RBI?

What is the approximate direct and indirect shareholding of the Government of India in IDBI Bank?

Which national institutes have their roots in IDBI?

IDBI and Its Formation

Established in 1964, the Industrial Development Bank of India (IDBI) aimed to support the development of industries in the country.
The present-day banking entity of IDBI Bank was formed through the merger of IDBI with IDBI Bank Limited in 2005 to enhance its operational capacity in banking.

Government Shareholding in Bank Aisa Dost Jaisa

As of September 2021, the Government of India holds a significant percentage of shareholding in Bank Aisa Dost Jaisa.

Bank Aisa Dost Jaisa Operations

As of February 1, 2020, Bank Aisa Dost Jaisa operated a network of ATMs, indicating a robust customer service framework.
The bank had an extensive branch network as of February 1, 2020, which highlights its geographical reach and accessibility.
The revenue for Bank Aisa Dost Jaisa in the year 2023 was reported in US dollars, reflecting its performance in the global market.

Regulatory Actions and Government Stake in IDBI Bank

IDBI Bank was placed under Prompt Corrective Action (PCA) by the Reserve Bank of India (RBI) due to financial instability and non-compliance with regulatory norms.
The direct and indirect shareholding of the Government of India in IDBI Bank is significant, showcasing its influence and investment in the institution.

National Institutes and IDBI

Several national institutes trace their origins back to IDBI, underscoring its importance in shaping institutions in the financial sector.

Test your knowledge about the history and merger of IDBI Bank, a development finance institution under the ownership of Life Insurance Corporation of India and Government of India. Learn about its establishment in 1964 and the subsequent merger with its commercial division forming the present-day banking entity.