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Over the years, it has grown into a pioneering financial institution offering a broad range of financialservices. The bank offers retail, business and corporate banking services such as agricultural loans, home loans, credit & debit cards, commercial loans, and more. .) .) ₹7,700 EPS ₹12.3 Price to Book Value 1.02
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The bank started off as a financial institution for industrial development and operated as such until 2004. IDBI converted into a bank on October 1, 2004, while slowly merging its subsidiaries to form one entity. IDBI Bank has almost 1900 branches nationwide, with over 3,300 ATMs and a 55-year history in financialservices.
It was listed on Indian exchanges in 2004 and changed its name to Cigniti in 2012. These are Hi-Tech and Manufacturing , Banking , FinancialServices and Insurance , and Consumer Services. The Company was founded by Mr. C V Subramanyam in 1998. It was initially called Chakkilam Infotech back in the day.
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