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IDBI BANK LTD

IDBI Bank Ltd Update listingUpdate your listing
  • Phone +971-4-3231400
  • Fax +971-4-3231401
  • Box No.506805
  • CityDubai
  • LocationDIFC
  • Websitewww.idbi.com
  • Listed inCommercial Bank Dubai

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IDBI Bank Ltd. (originally known as Industrial Development Bank of India) is today one of India's largest commercial Banks. IDBI Bank Ltd. is a Universal Bank with Government of India being the major shareholder (71%). For over 40 years, IDBI Bank has essayed a key nation-building role, first as the apex Development Financial Institution (DFI) (July 1, 1964 to September 30, 2004) in the realm of industry and thereafter as a full-service commercial Bank (October 1, 2004 onwards). As a DFI, the erstwhile IDBI stretched its canvas beyond mere project financing to cover an array of services that contributed towards balanced geographical spread of industries, development of identified backward areas, emergence of a new spirit of enterprise and evolution of a deep and vibrant capital market. Headquartered in Mumbai, IDBI Bank today rides on the back of a robust business strategy, a highly competent and dedicated workforce and a state-of-the-art information technology platform, to structure and deliver personalised and innovative Banking services and customised financial solutions to its clients across various delivery channels. As on March 31, 2012, IDBI Bank has a balance sheet of USD 55 Billion and business size (deposits plus advances) of USD 74 Billion. As on March 31, 2012, the Bank had a network of 973 Branches and 1542 ATMs. The bank has an overseas branch at Dubai International Financial Center, Dubai, operating for the past two & half years. As a Universal Bank, IDBI Bank, besides its core banking and project finance domain, has an established presence in associated financial sector businesses like Capital Market, Investment Banking and Mutual Fund Business. Going forward, IDBI Bank is strongly committed to work towards emerging as the 'Bank of choice' and 'the most valued financial conglomerate', besides generating wealth and value to all its stakeholders.

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