What does IDBL mean in BANKING
International Development Bank Ltd. (IDBL) is a financial institution dedicated to fostering economic development. Understanding its full form and meaning is crucial for comprehending its role in the business world.
IDBL meaning in Banking in Business
IDBL mostly used in an acronym Banking in Category Business that means International Development Bank Ltd
Shorthand: IDBL,
Full Form: International Development Bank Ltd
For more information of "International Development Bank Ltd", see the section below.
IDBL Meaning in BUSINESS
IDBL operates as a specialized bank, focusing on providing financial services and support to businesses. Its primary objective is to facilitate the growth and development of enterprises, both domestic and international. IDBL offers a comprehensive range of banking products and services tailored to meet the specific needs of businesses, such as:
- Business loans and financing
- Trade finance and export-import support
- Foreign exchange services
- Cash management solutions
- Project advisory and funding
Functions of IDBL
IDBL plays a significant role in promoting economic growth by performing various functions, including:
- Investment Banking: IDBL provides advisory services, debt financing, and equity investments to help businesses raise capital and expand their operations.
- Project Financing: The bank offers customized financing solutions for large-scale development projects, fostering infrastructure development and industrial growth.
- Trade Finance: IDBL supports international trade through trade finance instruments, such as letters of credit and export credit guarantees, facilitating seamless cross-border transactions.
- Financial Advisory: The bank provides expert financial advice and guidance to businesses, assisting them in making strategic decisions and managing their finances effectively.
Essential Questions and Answers on International Development Bank Ltd in "BUSINESS»BANKING"
What is International Development Bank Ltd. (IDBL)?
IDBL is a leading private commercial bank in Bangladesh, offering a comprehensive range of financial services to individuals, businesses, and institutions.
What types of accounts does IDBL offer?
IDBL offers a wide range of accounts to meet the diverse needs of its customers, including savings accounts, current accounts, fixed deposit accounts, and specialized accounts for businesses and institutions.
How can I open an account with IDBL?
You can open an account with IDBL by visiting any of its branches or through its online banking platform. The bank requires certain documents for account opening, such as proof of identity, address, and income.
What is the interest rate on IDBL savings accounts?
The interest rates on IDBL savings accounts vary depending on the type of account and the current market conditions. You can check the latest interest rates on IDBL's website or by contacting their customer service.
Does IDBL offer mobile banking services?
Yes, IDBL offers mobile banking services through its app, IDBL Mobile. You can use the app to manage your accounts, transfer funds, pay bills, and access other financial services.
What is the maximum withdrawal limit from IDBL ATMs?
The maximum withdrawal limit from IDBL ATMs varies depending on the type of card you have. You can check your withdrawal limit by contacting IDBL's customer service or visiting their website.
How do I apply for a loan from IDBL?
You can apply for a loan from IDBL by visiting any of its branches or through its online banking platform. The bank offers various types of loans, such as personal loans, business loans, and mortgages.
Final Words: International Development Bank Ltd. (IDBL) is a vital institution in the business landscape, providing specialized financial services and support to businesses to drive economic development. Understanding the full form and meaning of IDBL is essential for recognizing its significance in promoting growth and prosperity in both domestic and international markets.
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