Industrial Development Bank of India (IDBI) was established in the year? [#913] | SPPMMC

Industrial Development Bank of India (IDBI) was established in the year? [#913]

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Q1. Industrial Development Bank of India (IDBI) was established in the year?
Q1. Industrial Development Bank of India (IDBI) was established in the year?

(A) 1955
(A) 1955
(B) 1935
(B) 1935
(C) 1940
(C) 1940
(D) 1964
(D) 1964
Answer: (D) 1964
Answer: (D) 1964
The Industrial Development Bank of India (IDBI) was established on July 1, 1964. It was established by the Government of India as a Development Financial Institution (DFI) under the Industrial Development Bank of India Act, 1964. IDBI is a wholly-owned subsidiary of the Reserve Bank of India (RBI). In 1976, the Union Government of India took over IDBI's charge and it became the main institution for coordinating financial activities for the development of the industrial sector.
The Industrial Development Bank of India (IDBI) was established on July 1, 1964. It was established by the Government of India as a Development Financial Institution (DFI) under the Industrial Development Bank of India Act, 1964. IDBI is a wholly-owned subsidiary of the Reserve Bank of India (RBI). In 1976, the Union Government of India took over IDBI's charge and it became the main institution for coordinating financial activities for the development of the industrial sector.

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2024-03-03

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