IDBI Bank PO Allotment List Released

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IDBI bank has activated the link for candidates who are finally selected and allotted to the bank as Probationary Officer through IBPS-V.

The bank has also activated a link for the the candidates who are finally selected and allotted to the bank as Probationary Officer through IBPS-IV in the 2nd allotment list.

About The IDBI Bank :
IDBI Bank (Hindi:आई.डी.बी.आई बैंक) is an Indian government-owned financial service company, formerly known as Industrial Development Bank of India, headquartered in Mumbai, India. It was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry.

It is currently 10th largest development bank in the world in terms of reach, with 3340 ATMs, 1848 branches, including one overseas branch at Dubai, and 1378 centers.It is one of 27 commercial banks owned by the Government of India.

The Bank has an aggregate balance sheet size of INR 3.74 trillion as on 31 March 2016.

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 provided financial assistance, both in rupee and foreign currencies, for green-field projects as also for expansion, modernisation and diversification purposes. In the wake of financial sector reforms unveiled by the government since 1992, IDBI also provided indirect financial assistance by way of refinancing of loans extended by State-level financial institutions and banks and by way of rediscounting of bills of exchange arising out of sale of indigenous machinery on deferred payment terms.

After the public issue of IDBI in July 1995, the Government shareholding in the Bank came down from 100% to 75%.

IDBI played a pioneering role, particularly in the pre-reform era (1964–91), in catalyzing broad based industrial development in India in keeping with its Government-ordained ‘development banking’ charter.
IDBI Bank PO Allotment List Released IDBI Bank PO Allotment List Released Reviewed by Ramesh Reddy on 05:09:00 Rating: 5
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