The Industrial Development Bank of India Limited, popularly known as IDBI Bank is

one of the leading public sector banks in India. Categorized as "other public sector bank"
by Reserve Bank of India (RBI), IDBI Bank is also the 4th largest Indian bank. Founded
in 1964 to provide credit and other facilities to its customers, IDBI Bank currently has
457 centers, 688 branches and 1020 ATMs across the nation. It is world's 10th largest
development bank in terms of reach. IDBI Bank also built several institutions including
the National Stock Exchange of India (NSE), the Stock Holding Corporation of India
(SHCIL) and the National Securities Depository Services Ltd. (NSDL) etc.

Brief History
IDBI Bank was founded on July 1, 1964 under an Act of Parliament. It was established as
a wholly owned subsidiary of RBI (Reserve Bank of India). The ownership was however
transferred to the Government of India on February 16, 1976. It worked as the main
financial institution, whose main goal was to coordinate with other institutions associated
with financing, developing and promoting the industry. With the public issue of IDBI
Bank released in July 1995, the share holding of the Government came down below
100%. However, the majority of the share was still owned by the government, which is
currently 52.3%. IDBI Bank started offering a wide array of products and services to its
customers, which covered entire range of industrial activities including services and
manufacturing.

In September 2003, IDBI acquired the entire shareholding of Tata Finance Limited in
Tata Home Finance Ltd. Since then, the fully owned housing subsidiary was known as
'IDBI Home Finance Limited'. Next year, on July 29, 2004, the Board of Directors of
IDBI and IBDI Bank approved the merger of IDBI Bank with the Industrial Development
Bank of India Ltd. IDBI Bank also acquired United Western Bank in 2006.

Management & Organisation

IDBI Bank is a Board-managed organisation. The responsibility for the day-to-day

management of operations of the Bank is vested with the Chairman & Managing
Director and Deputy Managing Director, who draw upon the support and expertise of a
cross-disciplinary Top Management Team. IDBI Bank Ltd.'s employee base includes
professionals from the fields of accountancy, management, engineering, law, computer
technology, banking and economics.

Board of Directors (position as on November 9, 2010)

 Mr. R. M. Malla
(Chairman & Managing Director)

Mr. B. P. Singh
(Deputy Managing Director)

Mr. Rakesh Singh Mr. R P Singh

Mr. Analjit Singh Ms. Lila Firoz Poonawalla

 Mr. K. Narasimha Murthy Mr. Hiralal Zutshi

ABOUT IDBI

IDBI Bank Ltd. is a Universal Bank with its operations driven by a cutting edge core
Banking IT platform. The Bank offers personalized banking and financial solutions to its
clients in the retail and corporate banking arena through its large network of Branches
and ATMs, spread across length and breadth of India. We have also set up an overseas
branch at Dubai and have plans to open representative offices in various other parts of the
Globe, for encashing emerging global opportunities.

As on March 31, 2010, the Bank had a network of 720 Branches and 1210 ATMs and
plans to roll out another 300 branches during FY 2010-11. The Bank's total business,
during Fy 2009-10, reached Rs. 3.06 Lakh Crore (up by 41.7 %), Balance sheet reached
Rs. 2.34 Lakh Crore (up by 35.5 %) while it earned a net profit of Rs. 1031 Crore (up by
20 %).

Objectives
The main objectives of IDBI is to serve as the apex institution for term
finance for industry in India. Its objectives include
 (1) Co-ordination, regulation and supervision of the working of other
financial institutions such as IFCI , ICICI, UTI, LIC, Commercial
Banks and SFCs.
(2) Supplementing the resources of other financial institutions and
thereby widening the scope of their assistance.
(3) Planning, promotion and development of key industries and
diversifications of industrial growth.
(4) Devising and enforcing a system of industrial growth that conforms
to national priorities.

Functions

The IDBI has been established to perform the following functions-

(1) To grant loans and advances to IFCI, SFCs or any other financial
institution by way of refinancing of loans granted by such
institutions which are repayable within 25 year.
(2) To grant loans and advances to scheduled banks or state co-operative
banks by way of refinancing of loans granted by such institutions
which are repayable in 15 years.
(3) To grant loans and advances to IFCI, SFCs, other institutions,
scheduled banks, state co-operative banks by way of refinancing of
loans granted by such institution to industrial concerns for exports.
(4) To discount or rediscount bills of industrial concerns.
(5) To underwrite or to subscribe to shares or debentures of industrial
concerns.
(6) To subscribe to or purchase stock, shares, bonds and debentures
of other financial institutions.
(7) To grant line of credit or loans and advances to other financial
institutions such as IFCI, SFCs, etc.
(8) To grant loans to any industrial concern.
(9) To guarantee deferred payment due from any industrial concern.
(10) To guarantee loans raised by industrial concerns in the market or
from institutions.
(11) To provide consultancy and merchant banking services in or outside
India.

(12) To provide technical, legal, marketing and administrative assistance

to any industrial concern or person for promotion, management or
expansion of any industry.
(13) Planning, promoting and developing industries to fill up gaps in
the industrial structure in India.

(14) To act as trustee for the holders of debentures or other securities.

Products and Services Deposits Loans Net Banking Online Tax Payment RTGS /
Fund Transfer Phone Banking Mobile Banking Debit Cards SME Finance
Agriculture Finance

Promotional activities

In fulfilment of its developmental role, the Bank continues to perform a wide range of
promotional activities relating to developmental programmes for new entrepreneurs,
consultancy services for small and medium enterprises and programmes designed for
accredited voluntary agencies for the economic upliftment of the underprivileged. These
include entrepreneurship development, self-employment and wage employment in the
industrial sector for the weaker sections of society through voluntary agencies, support to
Science and Technology Entrepreneurs' Parks, Energy Conservation, Common Quality
Testing Centres for small industries.

Technical Consultancy Organisations

With a view to making available at a reasonable cost, consultancy and advisory services
to entrepreneurs, particularly to new and small entrepreneurs, IDBI, in collaboration with
other All-India Financial Institutions, has set up a network of Technical Consultancy
Organisations (TCOs) covering the entire country. TCOs offer diversified services to
small and medium enterprises in the selection, formulation and appraisal of projects, their
implementation and review.

Entrepreneurship Development Institute

Realising that entrepreneurship development is the key to industrial development, IDBI

played a prime role in setting up of the Entrepreneurship Development Institute of India
for fostering entrepreneurship in the country. It has also established similar institutes in
Bihar, Orissa, Madhya Pradesh and Uttar Pradesh. IDBI also extends financial support to
various organisations in conducting studies or surveys of relevance to industrial
development.