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    IDBI

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    Marinba Jamir
    IDBI Bank was established in 1964 as the Industrial Development Bank of India to provide financing to support the development of Indian industry. It was initially a subsidiary of the Reserve Bank of India but was later transferred to ownership by the Government of India. Currently, Life Insurance Corporation of India holds a 51% stake in IDBI Bank. IDBI Bank has over 3,700 ATMs and 1,800 branches across India as well as an overseas branch in Dubai. Its vision is to be the most preferred and trusted bank, enhancing value for stakeholders, while its mission includes delighting customers, expanding its retail footprint, acting ethically, and deploying world-class technology.

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    IDBI

    Uploaded by

    Marinba Jamir
    30 views2 pages
    IDBI Bank was established in 1964 as the Industrial Development Bank of India to provide financing to support the development of Indian industry. It was initially a subsidiary of the Reserve Bank of India but was later transferred to ownership by the Government of India. Currently, Life Insurance Corporation of India holds a 51% stake in IDBI Bank. IDBI Bank has over 3,700 ATMs and 1,800 branches across India as well as an overseas branch in Dubai. Its vision is to be the most preferred and trusted bank, enhancing value for stakeholders, while its mission includes delighting customers, expanding its retail footprint, acting ethically, and deploying world-class technology.

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    a bank project

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    IDBI Bank was established in 1964 as the Industrial Development Bank of India to provide financing to support the development of Indian industry. It was initially a subsidiary of the Reserve Bank of India but was later transferred to ownership by the Government of India. Currently, Life Insurance Corporation of India holds a 51% stake in IDBI Bank. IDBI Bank has over 3,700 ATMs and 1,800 branches across India as well as an overseas branch in Dubai. Its vision is to be the most preferred and trusted bank, enhancing value for stakeholders, while its mission includes delighting customers, expanding its retail footprint, acting ethically, and deploying world-class technology.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    30 views2 pages

    IDBI

    Uploaded by

    Marinba Jamir
    IDBI Bank was established in 1964 as the Industrial Development Bank of India to provide financing to support the development of Indian industry. It was initially a subsidiary of the Reserve Bank of India but was later transferred to ownership by the Government of India. Currently, Life Insurance Corporation of India holds a 51% stake in IDBI Bank. IDBI Bank has over 3,700 ATMs and 1,800 branches across India as well as an overseas branch in Dubai. Its vision is to be the most preferred and trusted bank, enhancing value for stakeholders, while its mission includes delighting customers, expanding its retail footprint, acting ethically, and deploying world-class technology.

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    BANK PROJECT

    (INDEX)

    Commercial banks:
    Meaning of commercial bank
    Importance of commercial bank in the economy

    Central bank
    Meaning of a central bank
    Difference btw a central bank & a commercial bank

    IDBI Bank

    INTRODUCTION
    Industrial Development Bank of India (IDBI Bank Limited) was established in 1964 by
    an Act to provide credit and other financial facilities for the development of the fledgling
    Indian industry. Initially it operated as a subsidiary of Reserve Bank of India RBI transferred
    it to GOI.
    Many institutes of national importance finds their roots in IDBI like Sidbi, Exim bank, NSE
    and NSDL.
    At present, Life Insurance Corporation of India holds 51% stake in IDBI Bank. Following Life
    Insurance Corporation of India (LIC) acquiring 51 per cent of the total paid-up equity share
    capital of the bank, IDBI Bank has been categorised as a other public sector bank for
    regulatory purposes with effect from January 21, 2019.
    Heaquarters: IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai, Maharashtra
    No. of employees: 18000 (as of March 2019)
    It currently has 3,702 ATMs, 1892 branches, including one overseas branch in Dubai, 58 e-
    lounges and 1407 centers.

    HISTORY

    Overview of development banking in India-


    Development Banking emerged after the Second World War and the Great Depression in
    the 1930s. The demand for reconstruction funds for the affected nations compelled in
    setting up of national institutions for reconstruction. At the time of Independence in 1947,
    India had a fairly developed banking system. The adoption of bank dominated financial
    development strategy was aimed at meeting the sectoral credit needs, particularly of
    agriculture and industry. The commercial banking network was expanded to cater to the
    requirements of general banking and for meeting the short-term working capital
    requirements of industry and agriculture. Specialised development financial
    institutions (DFIs) such as the IDBI were set up to meet the long-term financing
    requirements of industry and agriculture.
    The Industrial Development Bank of India (IDBI) was established in 1964 under an Act of
    Parliament as a wholly owned subsidiary of the Reserve Bank of India. In 1976, the
    ownership of IDBI was transferred to the Government of India and it was made the principal
    financial institution for coordinating the activities of institutions engaged in financing,
    promoting and developing industry in India. After the public issue of IDBI in July 1995, the
    government shareholding in the bank came down from 100% to 75%.
    As of 22 January 2019, Government of India held 46.46% shares in IDBI Bank and Life

    Insurance Corporation of India held approximately 51% of the shares. But now LIC owns the
    bank with capped voting right.

    VISION & MISSION

    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

     Encouraging a positive, dynamic and performance-driven work culture to nurture


    employees grow them and build a passionate and committed work force

     Expanding our global presence

     Relentlessly striving to become a greener bank.

    Services offered:

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