IDBI Bank Limited is an Indian bank that provides a range of financial products and services encompassing deposits, loans, payment services and investment solutions. The bank has an established presence in associated financial sector businesses including capital market, investment banking and mutual fund business. Its 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.

IDBI Bank Limited was categorized as a Private Sector Bank for regulatory purposes by the Reserve Bank Of India (RBI) with effect from January 21, 2019 consequent upon Life Insurance Corporation Of India acquiring 51 per cent of the total paid-up equity share capital of the bank. It currently has 3,702 ATMs, 1892 branches, including one overseas branch in Dubai, 58 e-lounges and 1407 centers.


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 as on July 1, 1964 vide a Government of India 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.

It was decided to transform IDBI into a bank when the need arose, and for this, 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.

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.

To truly capture its widened business functions, the name of the bank was changed to IDBI Bank Ltd. with effect from May 7, 2008 upon issue of the Fresh Certificate of Incorporation by Registrar of Companies, Maharashtra.


IDBI Bank's equity shares are listed on the Bombay Stock Exchange and the National Stock Exchange of India, and as of January 22, 2019, the Government of India held 46.46 per cent shares in IDBI Bank, and Life Insurance Corporation of India held approximately 51 per cent of the shares. But now LIC owns the bank with capped voting right.


To cater to its ever-expanding needs, IDBI Bank has formed subsidiaries and joint ventures across diverse areas of banking and financial system like IDBI Capital Markets & Securities Limited (ICMS), IDBI Intech Limited (IIL), IDBI Asset Management Limited (IAML), IDBI MF Trustee Company Limited (IMTCL), IDBI Trusteeship Services Ltd (ITSL), and IDBI Federal Life Insurance Company Limited (IDBI Federal).

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