IDBI Bank

IDBI Bank Ltd. is today one of India’s largest commercial Banks. For over 40 years, IDBI Bank has essayed a key nation-building role, first as the apex Development Financial Institution (DFI) (July 1, 1964 to September 30, 2004) in the realm of industry and thereafter as a full-service commercial Bank (October 1, 2004 onwards). 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 converted into a Banking company (as Industrial Development Bank of India Limited) to undertake the entire gamut of Banking activities while continuing to play its secular DFI role. Post the mergers of the erstwhile IDBI Bank with its parent company (IDBI Ltd.) on April 2, 2005 (appointed date: October 1, 2004) and the subsequent merger of the erstwhile United Western Bank Ltd. with IDBI Bank on October 3, 2006, the tech-savvy, new generation Bank with majority Government shareholding today touches the lives of millions of Indians through an array of corporate, retail, SME and Agri products and services.

Headquartered in Mumbai, IDBI Bank today rides on the back of a robust business strategy, a highly competent and dedicated workforce and a state-of-the-art information technology platform, to structure and deliver personalised and innovative Banking services and customised financial solutions to its clients across various delivery channels.

As on March 31, 2012, IDBI Bank has a balance sheet of Rs.2.91 lakh crore and business size (deposits plus advances) of Rs.3.92 lakh crore. As an Universal Bank, IDBI Bank, besides its core banking and project finance domain, has an established presence in associated financial sector businesses like Capital Market, Investment Banking and Mutual Fund Business. Going forward, IDBI Bank is strongly committed to work towards emerging as the ‘Bank of choice’ and ‘the most valued financial conglomerate’, besides generating wealth and value to all its stakeholders.

CORPORATE BANKING

In its endeavor to effectively meet the requirement of Corporate Clients, IDBI Bank Ltd. has well established Corporate Banking Group (CBG) which operates out from 29 Specialized Corporate Branches (SCBs) present in 26 cities.

Special focus for Infrastructure Financing

Further, considering the significance of the infrastructure sector in the country’s development, a specialised Group, namely Infrastructure Corporate Group (ICG) has been created which deals with Corporates from infrastructure, Industries accorded infrastructure status by RBI, regardless of their turn over.

Since inception in 1964 [formerly as Industrial Development Bank of India], IDBI Bank has been assigned to play a distinctive role in the promotion of industrial development of the country. It has provided financial assistance towards setting up of industrial estates. Being a prominent player in financing infrastructure projects, IDBI Bank actively participates in addressing policy-related issues in various forums including the Committees constituted by the Government of India. Finalization of model Power Purchase Agreement and Model Concession Agreement in road sector are some of the significant contributions made by IDBI Bank in the development of this sector. It has financed landmark first-of-its-kind projects in the infrastructure sector such as Independent power project, fixed and mobile telecom, port, road and airports in India.

The policy makers have identified power, telecom, ports (both sea and airports), roads, transportation and urban infrastructure facilities as infrastructure sector and are providing impetus for the growth in these sectors, Reserve Bank of India has accorded infrastructure status to select sectors, credit to which is classified as financing to Infrastructure sector.

TRADE FINANCE

If you are in the business of exports and imports, IDBI Bank can give you the leading edge in the global market place. You will have our cutting-edge technology and widespread local and international correspondent network on your side.

With IDBI Bank’s Global Trade Services there’s so much more you can expect:

– Global Connectivity (online) through SWIFT
– Instant Electronic Funds Transfer facility
– Extensive correspondent banking arrangements across the globe
– Anywhere banking facility at our entire network of branches
– Skilled staff with expertise on all matters of International Trade
– Trade advisory services a various matters including UCP, URC, ISP, FEMA FEDAI rules etc. and Trade Policy
– Pick up of documents from your doorsteps (with prior arrangement)
– Impeccable service, including a dedicated Trade Solutions Manager.