<P> IDBI Bank ( Industrial Development Bank of India ) was established in 1964 by an Act of Parliament only to provide credit and other financial facilities for the development of the fledgling Indian industry . The central government is the owner of this bank and employees will be called as Central Government staffers . It is one among the public sector banks in India and is a nationalized bank to be treated on par with SBI and other nationalized banks in accordance with the notification dated 26th February 2013 by the finance ministry . At present the government holds 77 % stake in IDBI Bank . For the first quarter of the current financial year 2017 - 18 , the bank reported a net loss of Rs. 853 crore compared to a profit of Rs. 241 crore during the corresponding period last financial year . In the fourth quarter of financial year 2016 - 17 , the bank had reported a loss of Rs. 3,200 crore . While the reported loss was lower than the preceding quarter , bad loans continued to surge . In the quarter ending September 2017 the bank bounced back with a loss of Rs. 198 crore compared to a loss of over Rs. 2,000 crore in the previous quarter . The bank is expected to return to profit in the near future . </P>
<P> IDBI Bank ( Industrial Development Bank of India ) was established in 1964 by an Act of Parliament only to provide credit and other financial facilities for the development of the fledgling Indian industry . The central government is the owner of this bank and employees will be called as Central Government staffers . It is one among the public sector banks in India and is a nationalized bank to be treated on par with SBI and other nationalized banks in accordance with the notification dated 26th February 2013 by the finance ministry . At present the government holds 77 % stake in IDBI Bank . For the first quarter of the current financial year 2017 - 18 , the bank reported a net loss of Rs. 853 crore compared to a profit of Rs. 241 crore during the corresponding period last financial year . In the fourth quarter of financial year 2016 - 17 , the bank had reported a loss of Rs. 3,200 crore . While the reported loss was lower than the preceding quarter , bad loans continued to surge . In the quarter ending September 2017 the bank bounced back with a loss of Rs. 198 crore compared to a loss of over Rs. 2,000 crore in the previous quarter . The bank is expected to return to profit in the near future . </P>
idbi bank is public sector or private sector
idbi bank is public sector or private sector
public sector
public sector