Name: Industrial Development Bank of India (IDBI)

Post Name: Specialist Cadre Officers (SO)

No.of Vacancies: 61

Qualification: B.Com, B.Sc., Post Graduation, Graduation, CA

Salary: Rs. 50030 – 59170/-, 31705 – 45950/-

Age Limit: 28 to 40, 25 to 35, 35 to 45 years

Selection Process: Personnel Interview (PI) and/ Group Discussion (GD)

Job Location: All Over India

Last Date: 12th December 2019

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IDBI (Industrial Development Bank of India) was organized in Act of 1964 to give financial facilities and credit for the expansion of the fledgling Indian business. Originally, it served as a subsidiary of RBI (Reserve Bank of India) gave it to the Government Of India. Several institutes of public interest find their origins in IDBI (Industrial Development Bank of India) like Exim bank, Sidbi, NSDL, and NSE. The battle cry for changes in business space saw the Government Of India decreasing its stake in the bank in 2019. At now, LIC (Life Insurance Corporation) of India contains a 51% stake in the Industrial Development Bank of India. Following LIC (Life Insurance Corporation of India) getting 51% of the entire paid-up investment share resources of the bank, IDBI has been described as a private bank for administrative plans with effect from 21st Jan 2019.

The IDBI (Industrial Development Bank of India) was founded in the year 1964, Act of Parliament as a fully-owned subsidiary of the RBI (Reserve Bank of India). In the year 1976, the use of the Industrial Development Bank of India was given to the Indian Government and it was named the principal economic institution for regulating the actions of businesses engaged in promoting, financing, and developing enterprise in India. IDBI (Industrial Development Bank of India) gave financial support, both in foreign currencies and rupee, for green-field designs and also for development, diversification and modernization purposes.