2007-03-18 22:50:53 · 5 answers · asked by MADAN K 1 in Business & Finance ➔ Other - Business & Finance
We can't call IDBI as a nationalised banks, it is an autonomous body where management is officially divorced from its ownership. The ownership is mainly with Government and select financial institutions whereas the management of its affairs is controlled by professionals supposedly independent of government.
At all legal platforms, its working, depositors-shareholders-constituents interests, it is separate from the government and the government is not directly responsible for its misdeeds.
2007-03-19 01:08:40 · answer #1 · answered by helpaneed 7 · 1⤊ 0⤋
IDBI is the Industrial Development Bank Of India.
It has been set up by the Indian government to assist the development of industries, provide technical support and to advance loans. Another example of an industrial bank is IFCI.
Yes it is a nationalized bank.
2007-03-19 06:04:05 · answer #2 · answered by Prateek07 2 · 0⤊ 0⤋
Yes, it is a nationalized bank.
2007-03-23 04:10:18 · answer #3 · answered by Varghese P 1 · 0⤊ 0⤋
i dont think so. only Indian Bank, Indian Overseas Bank, Statebank are nationalised banks
2007-03-22 03:34:59 · answer #4 · answered by Raki 2 · 0⤊ 0⤋
no it is not. it is IDBI Bank Ltd.,
2007-03-20 03:47:08 · answer #5 · answered by bala k 2 · 0⤊ 0⤋