Industrial Development Bank India

Corporate Details:

Industrial Development Bank India or IDBI, incorporated in 1964, has been playing an important role in the evolution of Indian industrial sector and is at present the tenth largest development bank of the world. The primary purpose of the Industrial Development Bank India is to cater the requirement of credit and other products for the growth of the Indian industry. The institutions like the National Stock Exchange of India (NSE), the National Securities Depository Services Ltd. (NSDL) and the Stock Holding Corporation of India (SHCIL) are built by the Industrial Development Bank of India. Currently the IDBI hosts nearly 7500 employees at different branches.

Activities:

The products and services offered by the Industrial Development Bank India are:

• Deposits – savings account, current accounts, fixed deposits, suvidha tax saving fixed deposit, suvidha plus fixed deposit, pension accounts, sabka account
• Loans – loans for education, home, against securities, personal loan, IPO finance
• Payments – tax, stamp duty, cash to card money transfer, online payments
• Investments – demat account
• Insurance – family care, life insurance
• Cards- Gold Debit Card, International Debit cum ATM Card, Gift Card, World Currency Card
• Treasury products- foreign exchange, money market
• Corporate banking – project finance, film financing, corporate loan, TUFS, rehabilitation finance, commercial products

Along with these the IDBI also offers other value-added services like NRI services, Internet/Mobile banking, 24 hours banking and locker facilities to their customers.

Performance:

The financial highlights of the third quarter of the financial year 2007 are:

• Net profit - up by 6.3% to Rs.127 Crore
• Net Interest Income - at Rs.212 Crore
• Business - up 36% to Rs.98,057 Crore
• Deposits - increase by 72% to Rs.37,591 Crore
• Advances - up by 21% to Rs.60,466 Crore
• Total assets - grow by 18% to Rs.97,754 Crore

Organization:

Mr. V.P. Shetty, is the Chairman & Managing Director of the Industrial Development Bank India.

Registered Office:

IDBI Towers,
World Trade Center, Cuffe Parade,
Maharashtra.
Phone: 022-56553355
Fax: 022-22160785
Website: www.idbi.com