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The bank has been playing a role of nation-building for over a period of 40 years, initially as Development Financial Institution (DFI) from 1 July 1964 to 30 September 2004 in the financial sector and later as a full service commercial Bank from 1 October 2004 on wards. IDBI was converted into a banking organization on 1 October 2004 which is today known as Industrial Development Bank of India Limited(IDBI).
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LIC Housing Finance Ltd. is one the leading Housing Finance organization in India.
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