What can we say about a functor that has both left and right adjoints?
I vaguely recall hearing that it is then an equivalence of category. Is it true?
If not, then under what conditions it is true?
What can we say about a functor that has both left and right adjoints?
I vaguely recall hearing that it is then an equivalence of category. Is it true?
If not, then under what conditions it is true?
No, it's not necessarily an equivalence of categories. For example, if $\varphi: R\to S$ is a homomorphism of rings, the forgetful functor $S\text{-Mod}\to R\text{-Mod}$ always has both the left adjoint $\text{Ind}_R^ S := -\otimes_R S$ and the right adjoint $\text{CoInd}_R^S:=\text{Hom}_R(S,-)$. It can even happen that these coincide without $S\text{-Mod}\to R\text{-Mod}$ being an equivalence: for example, if $R={\mathbb k}$ is a field and $S = {\mathbb k}G$ is the group algebra of a finite group $G$ over ${\mathbb k}$, then $\text{Ind}_{\mathbb k}^{{\mathbb k}G}\cong\text{CoInd}_{\mathbb k}^{{\mathbb k}G}$, but still ${\mathbb k}G\text{-Mod}\to{\mathbb k}\text{-Mod}$ is not an equivalence if $|G|>1$.
It also happens often that the inclusion of a subcategory has both a left and a right adjoint.
I don't know of a useful criterion telling you that a functor which has both left and right adjoints + satisfies certain extra properties has to be an equivalence of categories.