IDBI Bank (Industrial Development Bank of India) was set up in 1964 by a Demonstration of Parliament to give credit and other financial offices for the advancement of the juvenile Indian industry. The central government is the proprietor of this bank and workers will be called as Central Government staffs. It is one among the general population area banks in India and is a nationalized bank to be dealt with comparable to SBI and other nationalized banks as per the notice dated 26th February 2013 by the fund service.
At exhibit the government holds 77% stake in IDBI Bank. For the primary quarter of the current money related year 2017-18, the bank detailed a net loss of Rs.853 crore contrasted with a benefit of Rs.241 crore amid the comparing time frame last budgetary year. In the final quarter of money related year 2016-17, the bank had detailed lost Rs.3,200 crore. While the revealed misfortune was lower than the previous quarter, awful credits kept on surging.