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 in Corporate, keeping in mind the evolving challenges and opportunities such as climate risk, green financing etc.
Deploying world class technology, systems and processes to improve business efficiency, comply with regulatory norms and adopt best risk management and compliance practices
Encouraging a positive, dynamic and performance-driven work culture focused on holistic development of employees, to build a passionate, committed and future-ready workforce.
Continuing to act in a fair, transparent and ethical manner, to be a benchmark for good corporate governance.
Relentlessly striving to become a greener and socially responsible bank.
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
2000+
Branches
Across India
3300+
ATMs
Across India
₹3,30,502
Crores
Balance Sheet size as on March 31, 2023
Our Journey
1964
2004
2006
2008
2011
2019
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.
Board of Directors
Mr. T. N. Manoharan
Independent Director & Part – Time Chairman
Mr. Rakesh Sharma
Managing Director & CEO
Mr. Jayakumar Subramonia Pillai
Deputy Managing Director
Shri Manoj Sahay
Government Nominee Director
Shri Sushil Kumar Singh
Government Nominee Director
Mr. Mukesh Gupta
LIC Nominee Director
Mr. Raj Kumar
LIC Nominee 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
Smt. P V Bharathi
Independent Director
Mr. Ajay Prakash Sawhney
Independent Director
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Chief Vigilance Officer
Smt. Asha Rajiv
Chief Vigilance Officer
Executive Directors
Mr. Shailendra Nadkarni
Executive Director
Mr. Nagaraj Garla
Executive Director
Ms. Baljinder Kaur Mandal
Executive Director
Mr. Shalil Awale
Executive Director
Mr. Sunit Sarkar
Executive Director
Mr. Murali Sourirajan
Executive Director
Mr. Iswar Padhan
Executive Director
Mr. Trilok Sharma
Executive Director
Mr. Arun Kumar Bansal
Executive Director
Dr. Kumar Neel Lohit
Executive Director
Mr. Badri Srinivasa Rao
Executive Director
Mr. Anirudha Behera
Executive Director
Mr. Ugen Tashi
Executive Director
Mr. Ajay Ramesh Lande
Executive Director
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You can now
Download Our Statute
Transfer of Undertaking & Repeal Act, 2003
Download
Memorandum of Association
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Articles of Association
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Financial Reports
- Financial Results
- Online Annual Report 2020-21
- Annual Reports
- 2020-2021 Report
- 2019-2020 Report
- 2018-2019 Report
- 2017-2018 Report
- 2016-2017 Report
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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.
General Code of Conduct
We Believe On Being On
The Right Side
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