IDBI Bank India

Founded in 1964, IDBI Bank Ltd India is a financial firm which is headquartered in Mumbai city that is located in the Indian State of Maharashtra. IDBI has been categorized as the “other public-sector bank” by Reserve Bank of India (RBI). It was initially started by an Indian Act of Parliament in order to offer credit and several other banking facilities for the improvement of the Indian Industry.


It is presently considered as the tenth largest development bank operating in the whole world in terms of reach, with around 1514 ATMs, and nearly 923 branches in India, along with one overseas branch that is located at DIFC, Dubai. It has 621 centers, including 2 overseas centers situated at Beijing and Singapore.


It is one among the twenty six commercial banks owned by the Indian government. As on 31st March, 2011, the bank has a collective balance sheet size of around Rs. 2, 53,378 Crores, and the figures are expected to rise further by the end of March 2012.


IDBI Bank Overview


IDBI (Industrial Development Bank of India) is one of the principal public sector banks serving customers in India. It is the fourth biggest bank in the entire nation. The bank has developed many institutions including SHCIL (Stock Holding Corporation of India), NSE (National Stock Exchange), and NSDL (National Depository Services Limited), which are contributing heavily to the country’s economy.


The government of India acquired ownership of IDBI on 16th February, 1976. It functioned as a major financial institution with the principal goal of managing and coordinating with several other institutions that are concerned with developing, financing and promoting the Indian industry. The public issue of this bank was introduced in 1995 in the month of July, and with that the share of the Indian government dropped below 100 percent.


At present, a major share of IDBI is owned by the government, which accounts to a whooping almost 52.3 percent. The bank started to provide a broad range of products and services to its customers, and it covered complete range of business activities including manufacturing and services.


IDBI Bank Indian Ltd has several subsidiary divisions, including IDBI Capital Market Services Ltd, IDBI Intech Ltd, IDBI Home Finance Ltd and IDBI Gilts Ltd.


Products and Banking Services


IDBI Bank has been known to provide an extensive range of products and banking services to its customers. Depending on the type of customer groups and their related needs, there are many different kinds of products and banking services, including corporate banking, personal banking, Agri Business and SME Finance.


Personal Banking


IDBI is known for offering many products and facilities under personal banking, which includes –


  1. Savings Account

  2. Pension Account

  3. Fixed Deposits, Suvidha Tax reduction fixed deposit, Jubilee Plus account, Sabka account and Super Shakti Account for women.


Corporate Banking


The products and banking services provided by this bank under its corporate banking sector include –


  1. Project Finance

  2. Working Capital

  3. Infrastructure Finance

  4. Carbon Credits Business

  5. Trade Finance

  6. Derivates

  7. Tax Payments

  8. Syndication

  9. Underwriting

  10. Advisory Facilities

  11. Film Financing Plan

  12. Rehabilitation Finance

  13. Direct Discounting Bills.


IDBI Bank Loans


In order to help its customers to fulfill their dreams and improve their financial status, IDBI Bank India Ltd provides many different types of loans including home loans, education loans, loans against property, personal loan, auto loan, loan against securities, and reverse Mortgage loan.


Special Home Loans – IDBI Bank helps its customers realize their long-cherished dreams of owning a home through customer-friendly home loan plans. The loan tenure can be a maximum of up to 25 years for local residents, while it is limited to a maximum of 15 years in the case of NRIs. The interest rate for home loans of up to Rs. 25 lakhs has been fixed at 11 percent, while it increases to 12.25 percent for amounts above Rs. 75 lakhs.


IDBI Bank Cards


IDBI Bank India Ltd. has been known for providing different types of cards to its customers including gold debit card, gift card, cash card, platinum card, world currency card, international debit cum ATM card and KIDS debit card. They even offer gift cards, but they do not provide credit cards at the moment.

CONTACT DETAILS

Mumbai Head office:

IDBI Ltd.

IDBI Tower,

WTC Complex,

Cuffe Parade,

Mumbai-400005

Phone: 91-22-66553355, 22189111

Toll-Free Number: 1600 11 6999

Website:http://www.idbi.com


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