- Public Sector Banks
- July 1964
- Mumbai, India
- India and Worldwide
- Consumer Banking, Corporate Banking, Finance and Insurance, Investment Banking, Mortgage Loans, Private Banking, Private Equity, Wealth Management, Agriculture Loan
- Rs. 254.89 billion (US$3.9 billion) (2012)
• IDBI Bank Branches in Alphabetical OrderA | B | C | D | E | F | G | H | I | J | K | L | M | N | P | R | S | T | U | V | W | Y
IDBI Bank Ltd.
IDBI Tower, WTC Complex,
Cuffe Parade, Colaba
IDBI Bank Limited is an Indian banking & financial service company. The headquarters of the bank is located at Mumbai. On October 1, 2004, the erstwhile IDBI Bank converted into a Banking company to undertake the complete gamut of banking and financial activities while continuing to play its DFI (Development Financial Institution) role.
After the mergers of the former IDBI Bank with its parent company (IDBI Ltd.) on April 2, 2005, the bank became a new generation Bank with majority shareholding of the government. IDBI Bank is on a par with other nationalized banks as far as government ownership is concerned. It is one of the 26 commercial banks owned by the Government of India. The bank later acquired the erstwhile United Western Bank Ltd. on October 3, 2006.
IDBI was established in 1964 by an Act of Indian Parliament to provide credit and other facilities for the development of Indian industry. IDBI has been instrumental in helping to build numerous top institutions such as the National Stock Exchange of India NSE), Securities and Exchange Board of India (SEBI), the Stock Holding Corporation of India Limited (SHCIL), the National Securities Depository Limited (NSDL), the Credit Analysis & Research Ltd, the Exim Bank (India), the Small Industries Development Bank of India (SIDBI), the Entrepreneurship Development Institute of India.
IDBI bank offers consumer banking, corporate banking, investment banking, finance and insurance, mortgage loans, private equity, private banking, wealth management and agriculture loan services.