Correct Option: D

IDBI Bank Limited is an Indian financial service company headquartered Mumbai, India. RBI categorised IDBI as an “other public sector bank”. It was established in 1964 by an Act of Parliament to provide credit and other facilities for the development of the fledgling Indian industry. The Industrial Development Bank of India (IDBI) was established on 1 July, 1964 under an Act of Parliament as a wholly owned subsidiary of the Reserve Bank of India. In 16 February, 1976, the ownership of IDBI was transferred to the Government of India and it was made the principal financial institution for coordinating the activities of institutions engaged in financing, promoting and developing industry in the country.