IDBI Capital Markets & Securities Limited (ICMS)
ICMS, a wholly-owned subsidiary of IDBI Bank, started as a Broking and Distribution company in 1993. Currently, its businesses include Merchant Banking, Stock Broking, Distribution of Financial Products, Corporate Advisory Services, Debt Arranging and Undertaking, Portfolio Management of Pension / PF Funds & Research services.
IDBI Intech Limited (IIL)
IIL was incorporated in March 2000, as a wholly-owned subsidiary of IDBI Bank to undertake the IT-related activities of the Bank. The major business activities of the company are Information Technology Services, Information Security Practices, National Contact Center, and Outbound Sales Team.
IDBI Asset Management Limited (IAML)
IAML was incorporated on January 25, 2010, and is a subsidiary of IDBI Bank Ltd. IAML is the investment manager of schemes launched by IDBI Mutual Fund (“The Fund”). The Fund offers a bouquet of products in equity, debt, and gold to suit the diverse and varying needs and risk profile of investors.
IDBI MF Trustee Company Limited (IMTCL)
IMTCL, a wholly owned subsidiary of IDBI Bank, was incorporated on January 25, 2010. The company acts as the Trustee of IDBI Mutual Fund. As per SEBI Mutual Fund Regulation 1996, the Trustees ensure that all the activities of the Mutual Fund are carried out within the regulatory frame work.
IDBI Trusteeship Services Ltd (ITSL)
ITSL was incorporated on March 8, 2001 for carrying out trusteeship and other related business. Consequent to acquisition of additional 14.92% shares of ITSL on October 01, 2011, IDBI Bank’s shareholding in ITSL increased from 39.78% to 54.70% and it has became a subsidiary of IDBI Bank. The company’s present operations include, acting as trustees to securitization transactions, acting as Bond/Debenture trustee, Security trusteeship assignments, Share pledge Trustee, Venture Capital Fund, Safe Keeping, Escrow Agency and other trusteeship services.
Ageas Federal Life Insurance Company Limited (Ageas Federal) (previously knows as IDBI Federal Life Insurance Co. Limited)
Ageas Federal is a Joint Venture Life Insurance Company of IDBI Bank Ltd., The Federal Bank Ltd. and Ageas Insurance International (Ageas). Ageas Federal commenced operations in March 2008. IDBI Bank holds 25% equity shares, Federal Bank holds 26% and Ageas Insurance International holds the remaining 49% equity shares in Ageas Federal. The Company’s life insurance business comprises individual life and pension and group life, including non-participating, health and linked segments.