IDBI Bank is governed under IDBI act which was amended in
1994 to allow 49% private ownership (as shown in the extract below taken from
June 2015 investor presentation). As per Memorandum of Articles of Associations
minimum govt shareholding in the IDBI Bank has to be 51% (As shown in the
second shapshot taken from the presentation). Use the link in brackets to open June 2015 investor's presentation ( http://www.idbi.com/pdf/investor/IDBI_Investor_Presentation_June_2015.pdf)
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| Snapshot1: IDBI Bank History |
