IDBI Bank
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One of the leading banks of India, Industrial Development Bank of India or IDBI was established in 1964 with an objective to provide financial help to the institutions in need. Initially a subsidiary of the Reserve Bank of India, its ownership was transferred to the Government of India in 1976. The bank started functioning as a developmental organization, helping the institution engaged in financing, promoting and development of the industries in India. IDBI has played a significant role in the development of industries in India by providing qualitative dimension to the development structure. The share of the government in the bank decreased following its public issue in 1995 but government continues to be the major stake holder and decision mover for the bank.
The passing of IDB Act 2003 led to the transformation in the business model of the institution. It was changed to commercial banking model from the one of development finance while on the same time giving it the freedom to diversify its client/asset base. On July 29, 2004, IDBI bank was merged with its parent – Industrial Development Bank of India Ltd, giving birth to one of the largest and fast paced banks in India which is growing leaps and bounds since then.
Products and Services of the IDBI Bank:
- Deposits
- Saving Account
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Current Account
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Pension Account
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Sabka Account
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Sample AOF
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Super Shakti Account for Woman
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Loans
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Home Loans
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Loan against Property
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Education Loan
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Personal Loan
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Holiday Travel Loan
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Reverse Mortgage Loan
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Payments
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Tax Payments
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Stamp Duty Payments
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Easy Fill
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Card to Card Money transfer
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Investments
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Insurance
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Family Care
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Wealthsurance
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Cards
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Gold Debit Card
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International Debit cum ATM Card
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World Currency Card
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24 hour banking
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Phone banking
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SMS banking
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AccountAlerts
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Internet banking
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Institutional banking
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Other Products
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NRI Services
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