IDBI Bank has received an approval for initiating the process for divestment of bank’s shareholding in Stock Holding Corporation of India (SHCIL), partly or wholly, subject to compliance with all applicable laws, regulations and guidelines. The board of directors at its meeting held on February 28, 2014 has approved for the same.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking Information Technology platform. This enables the Bank to offer personalized banking and financial solutions to its clients through its 1,217 branches and 2,101 ATMs.
