Answer to Question #50295 in Other Management for Subramanian
It is currently 10th largest development bank in the world in terms of reach. IDBI Bank is on a par with nationalized banks and the SBI Group as far as government ownership is concerned. It is one among the 27 commercial banks owned by the Government of India. IDBI bank is considered as govt of India owned bank.
The Bank has an aggregate balance sheet size of INR 3.2 trillion as on 31 March 2013.
IDBI Bank's equity shares are listed on Bombay Stock Exchange and the National Stock Exchange of India.
As on 31 March 2014, Government of India held 76.72% shares in IDBI Bank. Over 4 lakh public shareholders owned 8.75% of its shares. Insurance companies held approx. 12.32% of the shares while remaining 7.21% shares were held by others.
Need a fast expert's response?Submit order
and get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!