From Nehru’s Vision to Fairfax’s Deal: The IDBI Story
From Nehru’s Vision to Fairfax’s Deal: The IDBI Story
Industrial Development Bank of India
Industrial Development bank of India (IDBI) was constituted under the Industrial Development
Bank of India Act, 1964 as a Development Financial Institution and came into being as on July
01, 1964 vide GoI notification dated June 22, 1964. It was regarded as a Public Financial
Institution in terms of the provisions of Section 4A of the Companies Act, 1956. It continued to
serve as a DFI for 40 years till the year 2004 when it was transformed into a Bank.