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RBI categorizes IDBI Bank as private sector bank

15 Mar 2019 Evaluate

Reserve Bank of India (RBI) has categorized IDBI Bank as a Private Sector Bank for regulatory purposes with effect from January 21, 2019 consequent upon Life Insurance Corporation of India acquiring 51% of the total paid up equity share capital of the Bank.

IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.

Peers
Company Name CMP
HDFC Bank 787.00
ICICI Bank 1569.00
Axis Bank 1320.00
Kotak Mahindra Bank 480.00
Indusind Bank 910.00
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