Company Profile
IDBI Bank banks and financial solutions to retail and corporate customers in India. Its business is organized into four segments: Corporate/Wholesale Banking, Retail Banking, Treasury Operations, and banking operations.
The company offers savings, current, and salary accounts, as well as fixed deposits. Its portfolio also includes home, auto, education, mortgage, and personal loans, as well as loans against properties and securities, debit, credit, and prepaid cards, mobile and internet banking, and investment advisory and capital market services Fund and non-fund-based assistance.
Its portfolio also includes packing credit to exporters, receivable buyout with recourse, channel financing for dealers of corporates, scheme for financing automated teller machines/cash dispense vendors, technology upgrading fund scheme for textile and jute industries, and lending to non-banking finance companies/housing finance companies and commercial real estate sector.
Additionally, it offers bank guarantees, letters of credit, documentary collection, and bill discounting services. Its portfolio also includes cash management, trade finance, and remittance services, and tax payment, debt syndication and advisory services Finance to micro, small, and medium enterprises.
Its portfolio also includes agriculture finance, products and services for non-resident Indians, treasury services, such as call money/ notice money / term money, commercial papers, certificate of deposit, government securities, treasury bills, corporate bonds, and equities, and foreign currency services comprising remittances, currency forward contracts, LTFX, FX-retail, currency options, swaps, FRA, currency exchange, and exchange traded derivative contracts. Founded in 1964 and headquartered in Mumbai, India, IDBI Bank was formerly known as IDBI Ltd. before rebranding in May 2008.