Industrial Development Bank of India

The Industrial Development Bank of India (IDBI) was established in 1964 to promote industrial growth in India. It functions as a financial institution that provides funding and support to industries, helping them expand and modernize. IDBI offers various services such as loans, credit facilities, and financial advisory to businesses across different sectors. Over time, it evolved from a development bank into a commercial bank, serving both industrial and retail customers, with the goal of fostering economic development by facilitating access to finance for enterprise growth.