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    Business Overview: IDBI Bank

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    Seshagiri Vempati
    IDBI Bank was established in 1964 as the Industrial Development Bank of India to provide financing for Indian industry. It has since grown to become the tenth largest development bank in the world. IDBI Bank has commercial and development divisions and provides financing for projects both in India and abroad. In 2005, IDBI Bank merged with its parent company IDBI Ltd. to consolidate operations and provide economies of scale. IDBI Bank offers careers in areas like customer service, trade finance operations, and investment services.

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    Business Overview: IDBI Bank

    Uploaded by

    Seshagiri Vempati
    30 views2 pages
    IDBI Bank was established in 1964 as the Industrial Development Bank of India to provide financing for Indian industry. It has since grown to become the tenth largest development bank in the world. IDBI Bank has commercial and development divisions and provides financing for projects both in India and abroad. In 2005, IDBI Bank merged with its parent company IDBI Ltd. to consolidate operations and provide economies of scale. IDBI Bank offers careers in areas like customer service, trade finance operations, and investment services.

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    IDBI Bank was established in 1964 as the Industrial Development Bank of India to provide financing for Indian industry. It has since grown to become the tenth largest development bank in the world. IDBI Bank has commercial and development divisions and provides financing for projects both in India and abroad. In 2005, IDBI Bank merged with its parent company IDBI Ltd. to consolidate operations and provide economies of scale. IDBI Bank offers careers in areas like customer service, trade finance operations, and investment services.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    30 views2 pages

    Business Overview: IDBI Bank

    Uploaded by

    Seshagiri Vempati
    IDBI Bank was established in 1964 as the Industrial Development Bank of India to provide financing for Indian industry. It has since grown to become the tenth largest development bank in the world. IDBI Bank has commercial and development divisions and provides financing for projects both in India and abroad. In 2005, IDBI Bank merged with its parent company IDBI Ltd. to consolidate operations and provide economies of scale. IDBI Bank offers careers in areas like customer service, trade finance operations, and investment services.

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    IDBI Bank

    Business Overview

     IDBI Bank has divisions for commercial banking, as well as development


    banking
     The description below concentrates mainly on the Commercial banking division
     Predecessor entity - The Industrial Development Bank of India (IDBI)
    established in 1964 to provide credit and other facilities for the development
    of Indian industry
     IDBI Ltd is the tenth largest development bank in the world
     A few of the world-class institutions built by IDBI are
    o The National Stock Exchange (NSE)
    o The National Securities Depository Services Ltd. (NSDL)
    o Stock Holding Corporation of India (SHCIL), etc.
     IDBI Ltd entered commercial banking with the incorporation of IDBI Bank Ltd
    as its subsidiary
     IDBI and its successor entity IDBI Ltd provides financial assistance, both in
    rupee and foreign currencies, for Greenfield projects as also for expansion,
    modernization and diversification purposes
     On April 2, 2005, IDBI Bank Ltd was merged into IDBI Ltd. The merger seeks
    to consolidate business across the value chain and provide economies of scale
    to the merged entity
     IDBI’s retail assets portfolio has crossed Rs.4300 crores in record time.
     Profitability advanced by more than 27% Q2 FY05 over the corresponding
    period in the previous year
     As on March 31, 2005, IDBI Ltd. had a combined employee base of around
    4500, including over 3300 professionals in various disciplines

    IDBI Ltd. has three wholly-owned subsidiaries:

     IDBI Capital Market Services Ltd. (ICMS) was set up in December 1993 to
    offer a broad range of capital market related services, including Bond Trading,
    Retail Distribution, Mutual Funds Distribution, Equity Broking, Client Asset
    Management, Depository Services, Merchant Banking, etc. ICMS is a leading
    Primary Dealer of the country.

     IDBI Homefinance Ltd. (IHFL) In order to make a foray into retail financing,
    the erstwhile IDBI acquired the entire shareholding of Tata Finance Limited in
    Tata Homefinance Ltd. The housing finance company has since been named as
    IDBI Homefinance Ltd.
     IDBI Intech Ltd. (Intech) was set up in March 2000 to undertake information
    technology (IT) related activities. However, as IT is not a permissible business
    for banking companies under section 19 of the Banking Regulation Act, 1949,
    IDBI Ltd. is in the process of winding up the operations of Intech.

    Careers offered: (for fulltime employees)

    Position: Customer Sales & Service Managers


    Responsibilities
     To lead a team of executives to ensure service delivery consistently & quality
     To generate cross-sales from existing relationships
     Manage Branch Operations as well as administration
     Responsible for Auditory Compliance Requirements:

    Position: Manager - Trade Finance Operations


    Responsibilities
     Managing the entire gamut of Trade Finance activities
     Compliance with regulatory requirements (Both internal & external)
     Management of all processes as per laid down procedures for Trade Operations
     Overall responsibility for P&L of Trade Finance products
     Business Development and Client service

    Position: Regional Sales Manager - Investment Services


    Responsibilities
     Sales of Investment Products like Mutual Funds and Life & Non - life insurance
    products
     Service the customers on Investment related products as well as source business
    from non IDBI Bank customers
     Coordination with Relationship Managers and Branch Heads to organize
    regular investment meet for the customers
     Keep customers informed about the various investment products available

    Internship History: None (2004 – 2005)


    The company generally looks for people with good communication skills and prior
    banking experience.

    Source of information: Website - www.idbibank.com

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