<P> 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 . </P>
<P> 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 . </P>
what is the long form of idbi bank
what is the long form of idbi bank
The Industrial Development Bank of India
The Industrial Development Bank of India