IDBI Bank Limited (IDBI.NS) NSE

93.08

+4.21(+4.74%)

Updated at September 08 01:24PM

Currency In INR

IDBI Bank Limited

Address

IDBI Tower

Mumbai, 400005

India

Phone

91 22 6655 3355

Sector

Financial Services

Industry

Banks - Regional

Employees

17047

First IPO Date

January 01, 1996

Key Executives

NameTitlePayYear Born
Mr. Rakesh Kumar SharmaMD, Chief Executive Officer & Executive Director16.46M1958
Ms. Padma Vinod BetaiChief General Manager2.29M1964
Mr. Jayakumar Subramonia PillaiDeputy MD & Director9.05M1965
Ms. Smita Harish KuberExecutive Director & Chief Financial Officer0N/A
Mr. Sunit SarkarExecutive Director & Chief Audit Officer01967
Ms. Baljinder Kaur MandalExecutive Director01966
Mr. Aloke SenguptaChief General Manager0N/A
Mr. Shalil Mukund AwaleExecutive Director01968
Mr. Padmabhushan BahadureChief Technology Officer01977
Mr. Om Prakash SethChief Information Officer01974

Description

IDBI Bank Limited provides banking and financial solutions to retail and corporate clients in India. It operates through Corporate/Wholesale Banking, Retail Banking, Treasury, and Other Banking Operations segments. The company offers savings, current, and salary accounts, and fixed deposits; home, auto, education, and personal loans, as well as loans against properties and securities; debit, credit, and prepaid cards; phone, mobile, and Internet banking services; and investment advisory and capital market services. It also provides fund and non-fund-based assistance; packing credit to exporters; receivable buyout with recourse; channel financing for dealers of corporates; scheme for financing automated teller machines (ATMs)/cash dispense vendors; technology upgrading fund scheme for textile and jute industries; and lending to non-banking finance companies/housing finance companies and commercial real estate sector. In addition, the company offers bank guarantees, letters of credit, documentary collection, bill discounting, and foreign currency; cash management, treasury, trade finance, and remittance services; and debt syndication and advisory services. Further, it provides finance to micro, small, and medium enterprises; agriculture finance; and products and services for non-resident Indians. Additionally, the company offers information technology and security, and contact center services; merchant banking, stock broking, portfolio management of pension/PF funds; and mutual fund, security trusteeship assignments, share pledge trustee, venture capital fund, safe keeping, escrow agency, and other trusteeship services, as well as acts as a trustee to securitization transactions and bond/debentures. As of March 31, 2022, it operated 1,886 branches, 3,403 ATMs, and 58 e-lounges. The company was formerly known as IDBI Ltd. and changed its name to IDBI Bank Limited in May 2008. The company was founded in 1964 and is headquartered in Mumbai, India.