IDBI Bank was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry. Which of the following is the tagline of IDBI Bank?

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Together we can
B	Honors Your Trust
C	Trusted Family Bank
D	Banking For All

Explanation:

Detailed explanation-1: -Industrial Development Bank of India (IDBI): Industrial Development Bank of India was established under the Industrial Development Bank of India Act, 1964. It is the principal financial institution that provides credit and other facilities for developing industries and assisting development institutions.

Detailed explanation-2: -Industrial Development Bank of India (IDBI) was constituted under the Industrial Development Bank of India Act, 1964 as a Development Financial Institution (DFI) and came into being on July 01, 1964, vide GoI notification dated June 22, 1964.

Detailed explanation-3: -The objective of the IDBI includes: Coordinating, supervising, and controlling the activities of Finacial Institutions like ICICI, LIC, etc. The Collection of resources for other financial institutions and providing financial assistance. Planning and promoting key industries to enhance industrial growth.

Detailed explanation-4: -(2) The Development Bank shall be a body corporate with the name aforesaid having perpetual succession and a common seal with power, subject to the provisions of this Act, to acquire, hold and dispose of property and to contract, and may, by that name sue or be sued.

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