Professional Documents
Culture Documents
Universal Banking Eg. Idbi
Universal Banking Eg. Idbi
IDBI Bank
The
of India (IDBI)
Vision
Statement:
Banks Policy:
1. Gifts & donations:
The Director/ officer/ employee of IDBI Ltd. shall not
solicit or accept any gifts/donations of more than modest
value from a constituent of IDBI Ltd. or from any
subordinate employee or from existing/ potential clients or
third parties having business dealings with IDBI Ltd.
2. Gender friendly workplace:
As a good corporate citizen, IDBI Ltd. is committed to a
gender
friendly
workplace.
IDBI
Ltd.
demands,
demonstrates and promotes professional behaviour and
respectful treatment of all employees.
3. Prohibition against participation in politics and standing for
election:
No employee shall take an active part in politics or in any
political demonstration, or stand for election as member of
a Municipal Council, district Board or any other Local Body
or any Legislative Body.
4. Protection of Banks Assets:
The assets of IDBI Ltd. shall not be misused but employed
for conducting the business for which they are duly
authorised.
Preamble:
Shareholders:
Ethical Standards:
A Director/ Officer/ Employee of IDBI Ltd. shall conduct
all the dealings on behalf of IDBI Ltd. with professionalism,
honesty, integrity and high moral and ethical standards.
Every Director/ Officer/ Employee of IDBI Ltd. shall be
responsible for the implementation of and compliance with
the Code in his/ her professional environment, be fair and
take action not to discriminate, honour confidentiality and
strive to achieve more specific professional responsibilities.
Insider Trading:
Insider Trading involves the improper use of non - public
price sensitive information when dealing in securities. Specified
employees are prohibited from engaging in insider trading as
detailed in the Code of Conduct for Prevention of Insider
Trading.
Competition:
1. IDBI Ltd. shall market its products and services on its own
merits.
2. Equal-Rights: IDBI Ltd shall continue to provide equal
opportunities to all its employees and all qualified applicants for
employment without regard to their race, caste, religion, colour,
ancestry, marital status, sex, age, nationality, disability etc.
Applicable laws, rules, and guidelines of Government of India/ any
other Competent Authority in this regard shall also be observed
for this purpose. Employees of IDBI Ltd. shall be treated with
dignity and in accordance with the IDBI Ltd. policy to maintain a
work environment free of sexual harassment, whether physical,
verbal or psychological. Employee policies and practices shall be
administered on a non-discriminatory basis in all matters relating
to recruitment, training, compensation, benefits, promotion,
transfers and all others terms and conditions of employment.
3. Prohibited business: IDBI Ltd. shall not enter into any kind of
business with any company / organisation / entity, of which any of
its directors of is a proprietor, partner, director, a manager,
employee or guarantor or in which one or more directors of IDBI
Ltd. together hold substantial interest. Substantial interest, in
relation to any company / organisation / entity, means any
beneficial interest held by one or more of the directors of IDBI
Ltd. or by any relative of such director, whether singly or taken
together, in the shares of the company / organisation / entity,
the aggregate amount paid up on which either exceeds five lakh
of rupees or 5% of its paid-up share capital, whichever is lesser.
Conflict of Interest:
Deposits:
Loans:
Easy Payments:
Money Transfer:
Transfer Funds
We can use Internet Banking, ATMs or branches for transferring
money across the country. The only information we need to know
is the 16-digit card number of the transferee. To carry out a
transfer, simply log on to IDBI's Internet Banking at
www.idbibank.com, or visit the nearest IDBI ATM or branch and
transfer the required amount. The money is directly credited into
the recipient's card, no matter where he is. For any further
assistance, click here to call our phone banking numbers nearest
to your location.
Investment:
We believe that all investors share a common goal, regardless
of their objectives: superior and sustained returns with a tight
control over risk. Meeting your long-term investment goal is
dependent on a number of factors: your investment capital, your
expected rate of return, inflation, taxes and your investment
time horizon. To meet your requirements, we offer you
investment options based on your risk tolerance and return
expectations. Relationship Managers are equipped to advise you
on various investment avenues after thoroughly understanding
your investment profile. They then help you with your investments
and subsequently support you by tracking your investments on a
regular basis.
Mutual Funds:
Insurance Services:
NRI a/c:
FCNR
Forward Contracts:
Option forward:
Currency Swaps:
Phone Banking:
At IDBI, we endeavour to raise the bar to meet the rising
requirements of our customers, by providing quality products and
services to suit varied banking needs. Our Phone Banking service
is yet another, technology and customer centric step in that
direction.
IDBI's Phone Banking service enables you to access
authentic, instantaneous information on your account balances and
transactions. The service is available totally free of cost round
the clock, 365 days a year.
To view the different services that are available through
our Phone Banking facility, click here. A telephone and your 4digit TIN (telephone identification number) is all that you need to
access your account.
SMS Banking:
Business is on the move and so are the people who conduct it. For
you to enjoy banking convenience while on the move, IDBI is here
with its SMS Banking facility. Our SMS banking initiatives permit
you to access your Bank account and carry out various banking
transactions and inquires.
Balance enquiry.
Last three transactions.
Cheques payment status.
Cheques book.
Statement request.
Demat - free balance holding.
Demat - last two transactions.
Bill payment.
Account Alert:
IDBI's new Account Alert service gives you all this and more.
With Account Alert, your bank account transaction information
will be delivered to you automatically, wherever you are. No more
visiting the bank branch or ATM to check routine things like
account balances, cheques clearance, verification of ATM
transactions, bill payment verifications, etc. Account Alerts
allows you to monitor filely any type of activity on your accounts,
and be notified by e-mail or cell phone SMS as and when they are
executed.
Gold card
Gift card
SAFE DEPOSIT:
Corporate Loan:
The repayment period for the loans would normally not exceed 5
1/2 years.
Film Financing:
Commercial Paper:
INR Derivatives:
Recent developments:
To meet emerging challenger and to keep up with reforms in
financial sector, IDBI has taken steps to reshape its role from a
development finance institution to a commercial institution. With
Industrial Development Bank (Transfer of Undertaking and
Repeal) Act, 2003, IDBI attained the status of a limited company
viz. "Industrial Development Bank of India Limited" (IDBIL).
Subsequently, the Central Government notified October 1, 2004
as the 'Appointed Date' and RBI issued the requisite notification
on September 30, 2004 incorporating IDBI Ltd. as a 'scheduled
bank' under the RBI Act, 1934. Consequently, IDBI, the erstwhile
Development Financial Institution of the country, formally
entered the portals of banking business as IDBIL from October
1, 2004, over and above the business currently being transacted.
As of July,2006 the employees association of the IFCI have
sought its merger with the Bank.
Phishing
Reference:
-
Idbi.com
Google.com
Indian Financial Systems
Indian History of Banking
DNA Newspaper
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