3. Introduction to IDBI Bank:-
Industrial Development Bank of India
Type Public sector bank
Founded 1964
Headquarters India
Industry Finance
Products Financial service
Employees 8989
4. Introduction
The Industrial Development Bank of
India Limited commonly known by its
acronym IDBI.
It is one of India's leading public
sector banks and 4th largest Bank.
It was established on July 1, 1964 by
an Act of Parliament.
The total revenue of Bank is
45,5,40,000
5. Institutions built by IDBI bank
National Stock Exchange
National securities depository services
ltd.
Stock holding corporation of India
6. Infrastructure
It is currently the tenth largest
development bank in the world in
terms of reach with
ATM : 1140
Branches : 689
Urban : 273
Semi-Urban : 138
Rural : 72
Centers : 458
7. Change of ownership:-
In 16th Feb1976, the ownership of IDBI
was transferred to the GOI.
IDBI coordinates the activities of
institutions in financing, promoting,
developing industry in the country.
Government shareholding came down
below 100%.
Current shareholding 52.3%.
8. Recommendation by Narasimam
committee:-
Narasimam committee recommends that
IDBI should give up its direct financing
functions.
RBI constituted a committee under the
chairmanship of S.H.Khan to examine
the concept of development financing in
the changed global challenges.
The committee wanted to the develop
financial institution to diversify its activity.
9. Diversification of IDBI Bank:-
In September 2003, IDBI acquired the
entire shareholding.
Government of India had decided to
transform IDBI into a commercial bank.
On July 29, 2004, the Board of Directors
of IDBI and IBDI Bank approved the
merger of IDBI Bank with the Industrial
Development Bank of India Ltd.
The merger was completed in the
financial year ending of 2005.
10. Functions:
To provide financial assistance to
industrial enterprises.
Direct assistance
Indirect assistance
IDBI works for advancement of
technology & other welfare schemes to
ensure economic development.
IDBI acts as a catalyst in various
industrial development programs.
Support services for creating a vibrant
domestic capital market.
11. Products and Services offered
by Bank:-
Personal Banking:-
Deposits
Savings Account (basically for salaried
persons)
Current Account (for businessmen)
Fixed Deposits (for everyone)
Suvidha Tax Saving Fixed Deposit
Pension Accounts
Sabka Account
Super Shakti Account for Women
Jubilee Plus Account
12. Products and Services offered
by Bank:-
Loans
Home Loans
Loans Against Property
Education Loans
Personal Loan
Loan Against Securities
Reverse Mortgage Loan
Auto Loan
13. Products and Services offered
by Bank:-
24 Hours Banking
Phone Banking
SMS Banking
Account Alerts
Internet Banking
14. Marketing Strategy:-
The bank has two ways of marketing
namely:-
Through Branch
Through Sales Department
15. Through Branch
In this method they talk directly to the
existing customers.
According to the bank people this
method is effective but the information
does not go to large number of
people.
The people are not aware of various
schemes.
16. Through Sales Department
The sales department employees take
the whole
responsibility.
The employees take the help of
pamphlets, advertisement.
It has positive impact that the people
come to know about the various new
schemes and facilities.
17. Vision
To be trusted partner in progress by
leveraging quality human capital
setting global standards of excellence
to build the most valued financial
conglomerate.
18. Conclusion
Today, IDBI Bank is counted amongst the
leading public sector banks of India, apart from
claiming the distinction of being the 4th largest
bank, in overall ratings. It is presently regarded
as the tenth largest development bank in the
world, mainly in terms of reach. This is because
of its wide network of 1140 ATMs, 689
branches-->Metro-206, Urban-273, Semi-
Urban-138, Rural-72 and 458 centers. Apart
from being involved in banking services, IDBI
has set up institutions like The National Stock
Exchange of India (NSE), The National
Securities Depository Services Ltd. (NSDL) and
the Stock Holding Corporation of India(SHCIL).
