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We Are the Leaders
In Financial Services
Since 1964

Committed to understanding our Customer’s needs
and aim at consistently delivering relevant financial
solutions and excellent customer service.
  • Digital
    Services
  • Pan India
    Network
  • 24x7
    Customer Care
  • Safe & Secure
    Services
  • Product
    Convenience
  • Innovation in
    Services
Vision

To be the most preferred and trusted bank enhancing value for all stakeholders.

Mission

Delighting customers with our excellent service and comprehensive suite of best-in-class financial solutions.

Touching more people’s lives with our expanding retail footprint while maintaining our excellence on corporate and infrastructure financing.

Continuing to act in an ethical, transparent, and responsible manner, becoming the role model for corporate governance.

Deploying world class technology, systems and processes to improve business efficiency and exceed customer’s expectations;

Relentlessly striving to become a greener bank

Expanding our global presence.

Encouraging a positive, dynamic, and performance-driven work culture to nurture employees, grow them, and build a passionate and committed workforce.

Company Profile

IDBI Bank Ltd., today, is operating as a full service universal bank that serves the customers from all segments.

IDBI Bank Ltd. has inherited a rich legacy from its predecessor entity - Industrial Development Bank of India – which was an apex Development Financial Institution (DFI) in the realm of industry from July 1, 1964 to September 30, 2004. As a DFI, the erstwhile IDBI stretched its canvas beyond mere project financing to cover an array of services that contributed towards balanced geographical spread of industries, development of identified backward areas, emergence of a new spirit of enterprise and evolution of a deep and vibrant capital market.

On October 1, 2004, the erstwhile IDBI was converted into a banking company – IDBI Ltd. - to undertake the entire gamut of banking activities while continuing to play its secular DFI role. Desirous of fuelling its business growth, IDBI Ltd. merged its subsidiaries - the erstwhile IDBI Bank, IDBI Home Finance Ltd., IDBI Gilts, the erstwhile United Western Bank Ltd., with itself over a period of time. IDBI Ltd. also changed its name to IDBI Bank Ltd. to reflect its widened business functions.

As an universal bank, IDBI Bank Ltd. touches the lives of millions of Indians through a wide array of banking products and services. Besides, the Bank has an established presence in associated financial sector businesses including capital market, investment banking and mutual fund business. The Bank’s very business philosophy is characterised by the commitment to provide relevant financial solutions, ensure maximum customer convenience through easy access to branches and ATMs as well as digital offerings and excellence in customer service.

Going forward, IDBI Bank is strongly committed to work towards emerging as ‘most preferred and trusted bank enhancing value for all stakeholders’.

55+

Years
of providing Banking Solutions since July 1, 1964

1890+

Branches
Across India

3300+

ATMs
Across India

₹2,97,764

Crore
Balance Sheet size as on March 31, 2021
Our Journey

1964

2004

2006

2008

2011

2019

2020

1964

Industrial Development Bank of India Limited

Industrial Development Bank of India (IDBI) was constituted under the Industrial Development Bank of India Act, 1964 as a Development Financial Institution (DFI) and came into being on July 01, 1964, vide GoI notification dated June 22, 1964. It was regarded as a Public Financial Institution in terms of the provisions of Section 4A of the Companies Act, 1956. It continued to serve as a DFI for 40 years till the year 2004 when it was transformed into a Bank.

2004

Industrial Development Bank of India Limited

In response to the felt need and on commercial prudence, it was decided to transform IDBI into a Bank. For the purpose, the Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 [Repeal Act] was passed repealing the Industrial Development Bank of India Act, 1964. In terms of the provisions of the Repeal Act, a new company under the name of Industrial Development Bank of India Limited (IDBI Ltd.) was incorporated as a Banking Company under the Companies Act, 1956 on September 27, 2004. Thereafter, the undertaking of IDBI was transferred to and vested in IDBI Ltd. with effect from October 01, 2004.

2006

Merger of United Western Bank with IDBI Ltd

The United Western Bank Ltd. (UWB), a Satara-based private sector bank, was amalgamated with IDBI Ltd., in terms of the provisions of Section 45 of the Banking Regulation Act, 1949. The merger came into effect on October 03, 2006.

2008

Change of name of IDBI Ltd. to IDBI Bank Ltd.

To truly capture its widened business functions, the name of the Bank was changed to IDBI Bank Ltd. with effect from May 07, 2008, upon the issue of the Fresh Certificate of Incorporation by Registrar of Companies, Maharashtra.

2011

Merger of IDBI Home Finance Ltd. and IDBI Gilts with IDBI Bank Ltd.

Two wholly-owned subsidiaries of IDBI Bank Ltd., viz. IDBI Home Finance Ltd. and IDBI Gilts Ltd. were amalgamated with IDBI Bank Ltd.

2019

Re-categorization of IDBI Bank Ltd. as a Private Sector Bank

The Bank was categorized as a 'Private Sector Bank' for regulatory purposes by the Reserve Bank of India with effect from 21 January 2019 consequent upon Life Insurance Corporation of India acquiring 51% of the total paid-up equity share capital of the bank.

2020

Industrial Development Bank of India Limited

In response to the felt need and on commercial prudence, it was decided to transform IDBI into a Bank. For the purpose, the Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 [Repeal Act] was passed repealing the Industrial Development Bank of India Act, 1964. In terms of the provisions of the Repeal Act, a new company under the name of Industrial Development Bank of India Limited (IDBI Ltd.) was incorporated as a Banking Company under the Companies Act, 1956 on September 27, 2004. Thereafter, the undertaking of IDBI was transferred to and vested in IDBI Ltd. with effect from October 01, 2004.

Board of Directors
Mr. M R Kumar
Chairman
Mr. Rakesh Sharma
Managing Director & CEO
Mr. Samuel Joseph Jebaraj
Deputy Managing Director
Mr. Suresh Khatanhar
Deputy Managing Director
Ms. Meera Swarup
Govt. Nominee Director (Non‐Executive Director)
Mr. Anshuman Sharma
Govt. Nominee Director (Non‐Executive Director)
Mr. Rajesh Kandwal
LIC Nominee Director (Non‐Executive Director)
Mr. Gyan Prakash Joshi
Independent Director
Mr. B B Joshi
Independent Director
Mr. Samaresh Parida
Independent Director
Mr. N. Jambunathan
Independent Director
Mr. Deepak Singhal
Independent Director
Mr. Sanjay Gokuldas Kallapur
Independent Director
Ms. P V Bharathi
Additional Director
Executive Directors
Mr. P. Sitaram
Executive Director
Dr. Saumya S. Banerjee
Executive Director
Mr. Ajay Sharma
Executive Director
Mr. Shailendra Nadkarni
Executive Director
Mr. Jorty Chacko
Executive Director
Mr. P. K. Das
Executive Director
Mr. Ashok Kumar Gautam
Executive Director
Mr. Ajoy Nath Jha
Executive Director
Mr. Rajeev Kumar
Executive Director
Mr. Nagaraj Garla
Executive Director
Ms. Baljinder Kaur Mandal
Executive Director
Mr. Anil C. Raj
Executive Director
Mr. Shalil Awale
Executive Director
Mr. Sunit Sarkar
Executive Director
Mr. Sanjay Deshpande
Executive Director
You can now
Download Our Statute
Transfer of Undertaking & Repeal Act, 2003
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Memorandum of Association
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Articles of Association
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Financial Reports
Classification of IDBI Bank

IDBI Bank Limited has been categorized as a ‘Private Sector Bank’ for regulatory purposes by Reserve Bank Of India with effect from January 21, 2019, consequent upon Life Insurance Corporation Of India acquiring 51% of the total paid-up equity share capital of the bank. [Press Release: 2018-2019/2194 Dated March 14, 2019]

Department of Cooperative Bank Regulation, Reserve Bank of India has issued a clarification that for the purpose of maintenance of cash reserves (CRR) by non-scheduled co-operative banks in terms of Section 18 read with Section 56 of the Banking Regulation Act, 1949, the ‘net balance in current accounts’ shall, in relation to a co-operative bank, continue to include, inter alia, the excess, if any, of the aggregate of the credit balances in the current account maintained by that co-operative bank with IDBI Bank Ltd over the aggregate of the credit balances in current accounts held by IDBI Bank Ltd with such co-operative bank, till further instructions.

Department of Financial Services (DFS), Government of India (GoI) vide its communication F.No. 8/2/2019-BO-II dated December 17, 2019, has directed all Central/State Governments/Departments/ Agencies /Institutions to continue to consider IDBI Bank for allocation of Government Business keeping in view that the direct and indirect shareholding of GoI in IDBI Bank is over 97%.

Based on GoI’s above communication, Railway Board, Ministry of Railways has advised all Railway units accordingly vide letter no. 2019/ACII/9/11 dated January 2, 2020. The DFS has also advised the Ministry Of Shipping separately vide office memorandum dated January 6, 2020, for parking of surplus funds by Port Trusts with IDBI Bank.

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