Pronunciation: [ˈɪdba͡ɪ] (IPA) 
The correct spelling of the word "IDBI" is /aɪ.di.biː/. This is a phonetic transcription using the International Phonetic Alphabet (IPA) to represent the sounds of each individual letter in the word. The "i" and "d" sounds are pronounced as they are in the English alphabet, while the "b" sound is pronounced with the lips pressed together. The final "i" sound is pronounced with a longer "ee" sound, rather than the short "i" sound in "bit."
IDBI stands for Industrial Development Bank of India. It is a renowned financial institution in India that was established in 1964 under an Act of Parliament as a wholly owned subsidiary of the Reserve Bank of India. The primary objective of IDBI is to provide financial assistance and support the growth and development of industries in India.
IDBI functions as a commercial bank and offers a wide range of banking and financial services to its customers. These services include corporate banking, retail banking, treasury operations, and investment banking. The bank also provides various loan products, including working capital loans, term loans, and project finance loans, to cater to the financial needs of businesses and industries.
In addition to its core banking operations, IDBI actively contributes to the economic progress of the country. It plays a significant role in the implementation of various development schemes and initiatives aimed at accelerating industrial growth and promoting entrepreneurship.
IDBI has branches and offices spread across the country, making its services easily accessible to businesses in different regions. Over the years, it has earned a strong reputation for its expertise in industry-specific financing and financial advisory services.
As a prominent financial institution, IDBI is well-regulated and supervised by regulatory bodies such as the Reserve Bank of India and the Securities and Exchange Board of India. This ensures transparency, accountability, and adherence to regulatory standards in its operations.
