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IDBI Bank Limited
Bank Aisa Dost Jaisa
Formerly
Industrial Development Bank of India Limited (1964–2008)
Company type
Public
Traded as
BSE: 500116
NSE: IDBI
Industry
Financial services
Predecessor
Industrial Development Bank of India
Founded
1 July 1964; 59 years ago (1964-07-01)[1]
Founder
Government of India (by the IDBI Act, 1964)
Headquarters
IDBI Tower, WTC Complex, Cuffe Parade,
Colaba, Mumbai, Maharashtra
,
India[2]
Key people
M. R. Kumar (Chairman)
Rakesh Sharma (MD & CEO)
Products
Investment banking
Commercial banking
Retail banking
Asset Management
Pensions
Mortgages
Credit cards
Revenue
₹25,166.91 crore (US$3.2 billion) (2023)[3]
Operating income
₹8,803.89 crore (US$1.1 billion) (2023)[3]
Net income
₹3,686.84 crore (US$460 million) (2023)[3]
Total assets
₹331,497.70 crore (US$42 billion) (2023)[3]
Total equity
₹24,455 crore (US$3.1 billion) (2020)
Owner
Life Insurance Corporation of India (49.24%) Government of India (45.5%)[4]
Number of employees
17,736 (March 2021)
Subsidiaries
IDBI Capital Markets & Securities
IDBI Intech
IDBI Asset Management
IDBI MF Trustee Company
IDBI Trusteeship Services[5]
Capital ratio
13.31%
Website
www.idbibank.in
The IDBI Bank Limited (IDBI Bank or IDBI) is a development finance institution under the ownership of Life Insurance Corporation of India and Government of India. It was established in 1964 as Industrial Development Bank of India, a development finance institution, which provided financial services to industrial sector. In 2005, the institution was merged with its commercial division, IDBI Bank, forming the present-day banking entity and was categorised as "other development finance institution" category. Later in March 2019, Government of India asked Life Insurance Corporation to infuse capital in the bank due to high NPA and capital adequacy issues and also asked LIC to manage the bank to meet the regulatory norms. IDBI was put under Prompt corrective action of the RBI and on 10 March 2021 IDBI came out of the PCA. At present direct and indirect shareholding of Government of India in IDBI Bank is approximately 95%, which Government of India (GoI) vide its communication F.No. 8/2/2019-BO-II dated December 17, 2019, has clarified and directed all Central/State Government departments to consider IDBI Bank for allocation of Government Business.
[6] Many national institutes find their roots in IDBI like SIDBI, EXIM,[7] National Stock Exchange of India, SEBI, National Securities Depository Limited.
The bank has an aggregate balance sheet size of ₹3.74 trillion as of 31 March 2016[update].[8] It has 2,005 Retail Banking Branches and 3,353 ATMs spreading all over India as on 26th April 2024, including one overseas branch in Dubai, 58 e-lounges and 1,442 Centres as of 1 August 2023[update].[9] As of September 2021[update], Life Insurance Corporation holds the 49.24% shareholding and the Government of India holds 45.48%, with LIC being in control of the management of the bank.
^"About us". IDBI Bank. Retrieved 29 January 2019.
^"Contact Us". IDBI Bank. Retrieved 29 January 2019.
^"Govt, LIC together may dilute up to 65% stake in IDBI Bank". Moneycontrol. Retrieved 22 October 2022.
^"IDBI Group". IDBI Bank. Retrieved 29 January 2019.
^Gupta, Arindam (25 August 2021). "Tumultuous journey of a development bank". Business Line. Archived from the original on 28 August 2021. Retrieved 10 January 2022.
^"Home - Exim Bank". www.eximbankindia.in.
^"About us". IDBI Bank. Retrieved 22 February 2014.
^"IDBI Bank Branch & ATM Locator". IDBI Bank. Retrieved 1 February 2020.
The IDBIBank Limited (IDBIBank or IDBI) is a development finance institution under the ownership of Life Insurance Corporation of India and Government...
owned subsidiary of IDBIBank . It was delinked from IDBI w.e.f. March 27, 2000. Its purpose is to provide refinance facilities to banks and financial institutions...
Bank were merged with State Bank of India with effect from 1 April 2017. Vijaya Bank and Dena Bank were merged into Bank of Baroda in 2018. IDBIBank...
Development Bank of India (SIDBI) in 1990 IDBI Investment Management Company (IIMCO) in 1994 IDBI Capital Market Services Ltd. (ICMS) in 1995 IDBIBank Ltd....
has tie-up arrangements with IDBIBank (136 locations), and HDFC Bank (531 locations). In 2021 the directors of the bank were fined on two occasions....
bancassurance partners HDFC Bank, SIB Bank, Federal Bank, Axis Bank Karur Vysya Bank, Bank of Baroda, Indian Bank and IDBIBank. In May 2020, Krishnan Ramachandran...
(EDII), was set up in 1983, by the erstwhile apex financial institutions like IDBI, ICICI, IFCI and SBI with the support of the Government of Gujarat as a national...
"Govt asks IDBIBank, UBI to plan merger". The Times of India. Retrieved 3 September 2014. "SBI merger with associate banks, Bharatiya Mahila Bank effective...
United Western Bank (UWB) was an Indian bank founded in 1936 that IDBIBank acquired in 2006 in a rescue. The Reserve Bank of India placed UWB under a...
The Export-Import Bank of India (Exim Bank) is a specialized financial institution in India that was established in 1982. The bank's primary function is...
December 2021. "Union government, LIC to divest over 60 per cent stake in IDBIBank". The Economic Times. Retrieved 10 November 2022. Wikimedia Commons has...
Urban Cooperative Banks. In the bank group-wise classification, IDBIBank Ltd. is included in the category of other public sector bank. With the growth...
"Annual Report of Bank of India" (PDF). Archived from the original (PDF) on 20 July 2021. Retrieved 14 January 2022. "IDBIBank Yearly results, Financial...
The Reserve Bank of India (RBI) has identified the HDFC Bank, State Bank of India, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs), which...
The deputy governor of the Reserve Bank of India is the second most senior executive of the Reserve Bank of India after its governor. Since its establishment...
residential purpose. LIC of India also holds promoter and controller status in IDBIBank Ltd. from January 2019; The company was incorporated on June 19, 1989...
in organisations including Standard Chartered Bank, IDBIBank, Development Bank of Singapore and IDBI Federal Life Insurance. The Immortals of Meluha...
following banks; State Bank of India(SBI) Bank of Baroda Punjab National Bank(PNB) IDBIBank(IDBI) Central Bank of India Bank of India(BOI) Corporation Bank Since...
Trust of India), IDBIBank, Union Bank of India and State Bank of India through IPO in 2023. Currently there are 12 Nationalised Banks in India (Government...
[unreliable source?] List of functioning banks in Leh State Bank of India, Leh HDFC Bank, Leh Axis Bank, Leh IDBIBank, Leh State-owned All India Radio Leh...
to 13 banks namely- SBI, BOB, Corporation Bank, Federal Bank Ltd, IDBIBank, Indian Overseas Bank, J&K Bank, Punjab and Sind Bank, PNB, State Bank of Mysore...
total of 17 banks have launched RuPay credit cards: Axis Bank HDFC BankIDBIBank United Bank of India Union Bank of India Punjab National Bank Punjab and...
Global Information
₹25,166.91 crore (US$3.2 billion) (2023)[3]
₹24,455 crore (US$3.1 billion) (2020)