IDBI Bank Ltd - Company Profile
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IDBI Bank Ltd. (IDBI Bank) is a provider commercial and wholesale banking services. It offers a range of personal, corporate, Micro, Small, and Medium Enterprises (MSME), Agri, and non-resident Indian (NRI) banking services. Under Personal Banking, the bank provides accounts, lockers, deposits, loans, cards, online banking, and investment services. Through Corporate Banking, IDBI Bank offers cash management, treasury, trade finance, foreign currency, syndication, and advisory solutions. MSME banking portfolio comprises financing, cards, and Mudra loans. Agri banking offerings include allied activities, indirect agriculture financing, and term loans. NRI banking consists of portfolio investment schemes, fund remittances, preferred banking, and rupee yield enhancer. The bank operates through a network of branch offices, ATMs, online portals, and advisers, and serves individuals, corporates, NRIs, and MSMEs across the country. IDBI Bank is headquartered in Mumbai, Maharashtra, India.
Headquarters
India
Address
22nd Floor, Idbi Tower, Wtc Complex, Cuffe Parade, Mumbai, Maharashtra, 400005
Website
www.idbibank.in
Telephone
91 22 66553062
No of Employees
17,850
Industry
Financial Services
Ticker Symbol & Exchange
IDBI (NSE)
Revenue (2022)
$3.2B
8.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
46.3%
(2022 vs 2021)
Market Cap*
$11.0B
Net Profit Margin (2022)
XYZ
35.1%
(2022 vs 2021)
* As of and is in US$
IDBI Bank Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Accounts and Deposits: | Preferred Banking |
| Savings | Lockers |
| Flexi-Current | Capital Markets |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In February, the company announced its plans to sell 43 non-performing asset accounts of US$375 million. |
| 2024 | New Products/Services | In February, the company launched its latest Special Limited Period Callable FD Offer of 300 Days scheme. |
| 2023 | Corporate Changes/Expansions | In November, the company opened a branch at Dabra, Gwalior, Madhya Pradesh. |
Competitor Comparison
| Key Parameters | IDBI Bank Ltd | State Bank of India | HDFC Bank Ltd | ICICI Bank Ltd | Union Bank of India |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Mumbai | Mumbai | Mumbai | Mumbai | Mumbai |
| State/Province | Maharashtra | Maharashtra | Maharashtra | Maharashtra | Maharashtra |
| No. of Employees | 17,850 | 235,858 | 208,066 | 126,660 | 75,594 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Rakesh Sharma | Director; Chief Executive Officer; Managing Director | Executive Board | 2022 | 64 |
| T N Manoharan | Director; Chairman - Part-time | Executive Board | 2022 | - |
| Smita Harish Kuber | Chief Financial Officer | Senior Management | 2023 | - |
| Anirudha Behera | Chief Risk Officer; Director | Executive Board | 2022 | - |
| Sunit Sarkar | Director | Executive Board | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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