Corporate
The
Industrial Development Bank Of India Limited (IDBI) is one of India's leading Private Banks. It was established in 1964 by an Act of Parliament to provide credit and other facilities for the development of the fledgling Indian industry.
It is currently the tenth largest development bank in the world. Some of the institutions built by IDBI are The National Stock Exchange Of India (NSE), The National Securities Depository Services Ltd. (NSDL) and the Stock Holding Corporation Of India (SHCIL).
Activities
Out of all the services provided by IDBI the special service that it provides is the IDBI Preferred Banking – where Exclusivity, Convenience and Privilege is a norm. IDBI's Preferred program is designed to offer special services to a select group of discerning and deserving individuals.
With special features to help save customer's time and efforts, and tools to help customers build wealth through efficient deployment of assets, Preferred Banking promises to make the customer's banking experience a fulfilling one.
Another important service provided by IDBI is the NRI Banking Service. While IDBI offers basic NRI Banking Products like Non Resident Rupee Checking Account, Non Resident Rupee Term Deposits and Foreign Currency Non Resident Deposit, it realizes that the customer's requirements are manifold. Hence, it provides seasoned banking professionals to handle the customer's queries and offer value added services. The value-added services provided range from answers to online tax and foreign exchange related queries and needs with special emphasis on FEMA Guidelines issued by The Reserve Bank of India from time to time.
Performance
- IDBI Ltd. has recorded an over 6 per cent rise in net profit to Rs 126.79 crore in the third quarter ended December 31, 2006, against Rs 119.3 crore in the year-ago period due to growth in total income and interest income.
- Total income increased to Rs 1,877.65 crore against Rs 1,548.16 crore.
- Deposits rose by 72 per cent to Rs 37, 591 crore and advances grew by 21 per cent to Rs 60, 466 crore.
- IDBI Ltd's stock closed at Rs 93.90, down from the previous close of Rs 97.75.
Organization
Mr. V.P. Shetty - Chairman & Managing Director
Head Office:
IDBI Tower,
WTC Complex,
Cuffe Parade,
Colaba,
Mumbai - 400005.
India.
Telephone: 91-22-22189111/ 66553355.
Fax: 91-22-22181294 /5179/8137
