Keep a Close eye at IDBI - Rahul Mohindar

It was a IDBI Bankfeeble day for the stock markets followed by instability and indecision due to sub prime mortgage concerns.

Sensex lost 207.83 points at 15100.15, while the Nifty ended 58.90 points down at 4403.20.

Rahul Mohindar of is optimistic on IDBI

The Industrial Development Bank of India Limited (IDBI) is one of India's top public sector banks. It was founded in 1964 by an Act of Parliament as a wholly owned subsidiary of the RBI to offer credit and other facilities for the growth of the fledgling Indian business.

At present, it is the 10th biggest development bank in the world. A few of the institutions established by IDBI are The National Stock Exchange of India (NSE), The National Securities Depository Services Ltd. (NSDL) and the Stock Holding Corporation of India (SHCIL)