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  1. The definition of a nationalised bank is like this: A privately held bank being taken over by the govt. either with a 100% or a dominant majority stakeholding (i.e., more than 50%). All such banks are also called Public Sector Banks

    Now, to IDBI: IDBI bank is a public sector bank, but it functions as a new age bank quite similar to a Private bank like ICICI Bank or HDFC Bank

    I guess http://www.idbi.com will give you the background of the bank