The United Forum of IDBI
Officers and Employees has given the call to protest against the move.
Among these banks was the IDBI
Bank which granted a king size loan worth ` 950 crore to the airline in tatters, indicating a questionable connection between the two entities.
Bank, formerly Industrial Development Bank of India (IDBI
) was a development financial institution that was converted into a public sector commercial bank in 1994.
Our partnership with IDBI
is going to be long-term.
Singh, Deputy Managing Director, IDBI
Bank said, "We believe that the MENASA Region has considerable growth potential and our presence in Dubai through the DIFC branch will offer significant business opportunities.
is the India s largest public sector bank aimed at providing credit and other facilities.
Bank's DIFC office will meet the corporate financing needs not only of its Indian clientele but also of clients in the Middle East.
It is a testimony to the global importance of Dubai that IDBI
Bank has now opened its first overseas branch at the DIFC," added Minister of State for Finance, Government of India, Namo Narain Meena.
Banks results this year show that deposits have jumped significantly while lending has gone up somewhat cautiously.
-PRINCIPAL Asset Management Company Limited is a joint venture between IDBI
, India's leading financial institution, and the Principal Financial Group.
The Hon'ble Minister of State for Finance, Government of India, Namo Narain Meena said: "In India, IDBI
Bank has been a forerunner in the area of industrial financing and has therefore played a pivotal role in financing, developing and nurturing the industrial and financial architecture in India.
Kishor Kharat, managing director & chief executive director of IDBI
Bank, said, 'We have got huge oversubscription more than USD1.