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Examveda

What is the full form of "IDBI"?

A. Insurance and Business Development Inc.

B. Investor Development Bar Identification

C. Interest Deduction by Banking Investment

D. Industrial Development Bank of India

Answer: Option D

Solution(By Examveda Team)

Industrial Development Bank of India (IDBI Bank Limited or IDBI Bank or IDBI) was established in 1964 by an act to provide credit and other financial facilities for the development of the fledgling Indian industry. It is a development finance institution and a wholly owned subsidiary of Life Insurance Corporation.

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