REGULATING COMMERCIAL BANKING

Banks are fundamental to the nation's financial system. The central bank has a critical role to play in ensuring the safety and soundness of the banking system-and in maintaining financial stability and public confidence in this system.

Press Release

(201 kb)

Date : Mar 14, 2019

Re-categorization of IDBI Bank Ltd. as a Private Sector Bank

IDBI Bank Limited has been categorized as a ‘Private Sector Bank’ for regulatory purposes by Reserve Bank of India with effect from January 21, 2019 consequent upon Life Insurance Corporation of India acquiring 51% of the total paid-up equity share capital of the bank.

Jose J. Kattoor
Chief General Manager

Press Release: 2018-2019/2194

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