IDBI Bank Limited (BSE: ) is an Indian financial service company headquartered Mumbai, India.

RBI categorised IDBI as an "other public sector bank". It was established in 1964 by an Act of Parliament to provide credit and other facilities for the development of the fledgling Indian industry.[2] It is currently 10th largest development bank in the world in terms of reach with 1514 ATMs, 923 branches including one overseas branch at DIFC, Dubai and 621 centers including two overseas centres at Singapore & Beijing.[3] Some of the institutions built by IDBI are the Securities and Exchange Board of India (SEBI), National Stock Exchange of India (NSE), the National Securities Depository Limited (NSDL), the Stock Holding Corporation of India Limited (SHCIL), the Credit Analysis & Research Ltd, the Exim Bank (India)(Exim Bank), the Small Industries Development Bank of India(SIDBI), the Entrepreneurship Development Institute of India, and IDBI BANK, which is owned by the Indian Government.IDBI Bank is on a par with nationalized banks and the SBI Group as far as government ownership is concerned.It is one among the 26 commercial banks owned by the Government of India.The Bank has an aggregate balance sheet size of Rs. 2,53,378 crore as on March 31, 2011. IDBI Bank's operations during the financial year ended March 31,
To meet emerging challenges 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 the 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 Reserve Bank of India (RBI) issued the requisite notification on 30 September 2004 incorporating IDBI as a 'scheduled bank' under the RBI Act, 1934. Consequently, IDBI, formally entered the portals of banking business as IDBIL from 1 October 2004. The commercial banking arm, IDBI BANK, was merged into IDBI. In March 2008, IDBI Bank entered into a joint venture with Federal Bank and Fortis Insurance International to form IDBI Fortis Life Insurance, of which IDBI Bank owns 48 percent. The company ended the year with over 300 Cr in premiums as on 31 March 2009.The name of IDBI Fortis Life Insurance is now changed to IDBI Federal Life Insurance Co Ltd. Government of India now owns 65.17% stake in IDBI Bank. Hence IDBI Bank is also referred as 'The New Age Government owned Bank' It has bought 10% stake in upcoming commodity bourse Universal Commo-dity Exchange (UCX) for Rs 10 crore, the bank's top official said. The deal was completed recently. RM Malla, chairman and MD of IDBI Bank, confirmed that the bank had picked up 10% in what will become the country's sixth commodity futures exchange. "The idea behind acquiring equity is to push agriculture loans through this venture," said Malla. "The other advantage is IDBI will be the only bank among the promoters and therefore all transactions of the exchange will be routed through IDBI."[4]

The demand for reconstruction funds for the affected nations compelled in setting up a worldwide institution for reconstruction. etc. However. This concept has been widened all over the world and resulted in setting up of large number of banks around the world which coordinating the developmental activities of different nations with different objectives among the world. This step has created a wave in banking industry and put the bank on a developmental pedestal never seen before. recommended its transformation into a universal bank. Towards this end. NHB and SIDBI. RTGS/NEFT charges. Some of the charges waived are. the S.. the Reserve Bank concentrated on regulating and developing mechanisms for institution building.H. At the time of Independence in 1947. appointed by the RBI. India had a fairly well developed banking system. The early history of Indian banking and finance was marked by strong governmental regulation and control. a mechanism to provide concessional finance to these institutions was also put in place by the Reserve Bank. NABARD. [edit] Overview of development banking in India The concept of development banking rose only after Second World War.Khan committee. Transaction charges on other banks' ATMs. 2011. particularly of agriculture and industry. The Narashimam committee had recommended to give up its direct financing functions and to perform only the promotional and refinancing role. Demand Draft/Pay Order charges. As a result the IBRD was set up in 1945 as a worldwide institution for development and reconstruction. Then after in regular intervals the government started new and different development financial institutions to attain the different objectives and helpful to five-year plans. Cheque book issuance and utilization charges and many more other charges.[5] It has now a network of 933 branches.ATM-cum-Debit card annual charges.A breakthrough initiative in customer service was taken by IDBI Bank (branded as 'Customer Delight Campaign [1]' when it removed many of the charges from its retail banking services.[6] The course of development of financial institutions and markets during the post-Independence period was largely guided by the process of planned development pursued in India with emphasis on mobilisation of savings and channeling investment to meet Plan priorities. The roots of the national system were in the State Bank of India Act of 1955. with majority ownership of the Reserve Bank were set up to meet the long-term financing requirements of industry and agriculture. after the Great Depression in 1930s. which . The commercial banking network was expanded to cater to the requirements of general banking and for meeting the short-term working capital requirements of industry and agriculture. The first development bank In India incorporated immediately after independence in 1948 under the Industrial Finance Corporation Act as a statutory corporation to pioneer institutional credit to medium and large-scale. The adoption of bank dominated financial development strategy was aimed at meeting the sectoral credit needs. To facilitate the growth of these institutions. It was the winner in two categories in Dun & Bradstreet's Polaris Software Banking Awards 2011. Specialised development financial institutions (DFIs) such as the IDBI. 621 centres and 1514 ATMs as on October 13.

Later RBI constituted a committee under the chairmanship of S.H. IDBI also provides indirect financial assistance by way of refinancing of loans extended by State-level financial institutions and banks and by way of rediscounting of bills of exchange arising out of sale of indigenous machinery on deferred payment terms. promoting and developing industry in the country. particularly in the pre-reform era (1964–91). Thus India financial institutions can be classified under five heads according to their economic importance:      All-India Development Banks Specialized Financial Institutions Investment Institutions State-level institutions Other institutions.14%).. signaling IDBI’s foray into the retail finance sector. The fully owned housing finance subsidiary has since been renamed ‘IDBI Home finance Limited’. [edit] Industrial Development Bank of India (IDBI) The Industrial Development Bank of India (IDBI) was established on 1 July 1964 under an Act of Parliament as a wholly owned subsidiary of the Reserve Bank of India.nationalized the former Imperial Bank of India and its seven associate banks.. this national system operated alongside of a large private banking system. both in rupee and foreign currencies. and the Government utilized these institutions for the achievements in planning and development of the nation as a whole. IDBI provides financial assistance. Banks were limited in their operational flexibility by the government’s desire to maintain employment in the banking system and were often drawn into troublesome loans in order to further the government’s social goals. In the early days. IDBI diversified its business domain further by acquiring the entire shareholding of Tata Finance Limited in Tata Home finance Ltd. the former continues to be the major shareholder (current shareholding: 65.[citation needed] Narasimam committee[7] recommends that IDBI should give up its direct financing functions and concentrate only in promotional and refinancing role.Khan to examine the concept of development financing in the changed global challenges. modernisation and diversification purposes. The committee wanted the development financial institution to diversify its activity. In September 2003. But this recommendation was rejected by the government. for green-field projects as also for expansion. the ownership of IDBI was transferred to the Government of India and it was made the principal financial institution for coordinating the activities of institutions engaged in financing. Although Government shareholding in the Bank came down below 100% following IDBI’s public issue in July 1995. It recommended to harmonise the role of development financing and banking activities by getting away from the conventional distinction between commercial banking and developmental banking.[citation needed] IDBI has played a pioneering role.in catalyzing broad based industrial development in the country in keeping with its Government-ordained ‘development banking’ charter. In . In the wake of financial sector reforms unveiled by the government since 1992. This committee is the first to recommend the concept of universal banking. In 16 February 1976. The financial institutions in India were set up under the strong control of both central and state Governments.

1956 pursuant to the IDB (Transfer of Undertaking and Repeal) Act. including those from RBI. The responsibility for maintaining standards of corporate governance lies with its Board of Directors. Government of India has decided to transform IDBI into a commercial bank without eschewing its secular development finance obligations. The Pvt Bank was the fastest growing banking company in India. The IDBI Bank now is in a growing fold. to be formed incorporated under the Companies Act. The Bank has one of the highest productivity per employee in Indian banking industry. A mutually gainful proposition with positive implications for all stakeholders and clients. Towards this end. the new entity would also provide an array of wholesale and retail banking products. designed to suit the specific needs cash flow requirements of corporates and individuals. The immediate fall out of the merger of IDBI and IDBI Bank was the exit of employees of IDBI bank. 1964 from 1 October 2004. IDBI would continue to provide the extant products and services as part of its development finance role even after its conversion into a banking company. 1956 and a deemed Banking Company under the Banking Regulation Act 1949 and helped in obtaining requisite regulatory and statutory clearances. In addition. 2003 (53 of 2003). The cultures in the two organizations have taken its toll. the IDB (Transfer of Undertaking and Repeal) Act 2003 was passed by Parliament in December 2003. was a new generation Bank. as a company under the Companies Act. IDBI Bank. With its retail banking arm expanding further after the merger of United western Bank. On 29 July 2004. current share: 58. The bank was pioneer in adapting to policy of first mover in tier 2 cities. The migration to the new business model of commercial banking. the ‘Appointed Date’ notified by the Central Government.view of the signal changes in the operating environment. the Executive Committee and the Audit Committee are adequately . IDBI would commence banking business in accordance with the provisions of the new Act in addition to the business being transacted under IDBI Act. the Board of Directors of IDBI and IDBI Bank accorded in principle approval to the merger of IDBI Bank with the Industrial Development Bank of India Ltd. In particular. leveraging upon its existing relationship with retail investors under its existing Suvidha Flexi-bond schemes. following initiation of reforms since the early 1990s. with its gateway to low-cost current. with which the parent IDBI was merged. This would have a positive impact on the Bank’s overall cost of funds and facilitate lending at more competitive rates to its clients. The Notification facilitated formation. single-window appraisal for term loans and working capital finance. subject to the approval of shareholders and other regulatory and statutory approvals. The Act provides for repeal of IDBI Act. the merger process is expected to be completed during the current financial year ending 31 March 2005. incorporation and registration of Industrial Development Bank of India Ltd. among others. corporatisation of IDBI (with majority Government holding. would help overcome most of the limitations of the current business model of development finance while simultaneously enabling it to diversify its client/ asset base. savings bank deposits.47%) and transformation into a commercial bank. Two Committees of the Board viz. strategic advisory and “hand-holding” support at the implementation phase of projects.[citation needed] IDBI’s transformation into a commercial bank would provide a gateway to low-cost deposits like Current and Savings Bank Deposits. The provisions of the Act have come into force from 2 July 2004 in terms of a Government Notification to this effect. The new entity would offer various retail products. IDBI would leverage the strong corporate relationships built up over the years to offer customised and total financial solutions for all corporate business needs.

private equity. the common objective of providing country with a truly national bank which would further the economic interest of the country.[4] . Shri Prabhu Dayal. PNB's founders included several leaders of the Swadeshi movement such as Dyal Singh Majithia and Lala Harkishan Lal. The bank has been ranked 248th biggest bank in the world by the Bankers Almanac. corporate banking. Dubai and Kabul. consumer banking.[2] [3] Lala Lajpat Rai was actively associated with the management of the Bank in its early years. Ironically.empowered to monitor implementation of good corporate governance practices and making necessary disclosures within the framework of legal provisions and banking conventions. investment banking. India Products Revenue Net income Total assets Employees Website Punjab National Bank (PNB) (BSE: 532461.in Headquarters New Delhi.C. Type Industry Founded Key people Public (BSE: 532461. Shri Kali Prosanna Roy. It was founded in 1894 and is currently the second largest state-owned commercial bank in India ahead of Bank of Baroda with about 5000 branches across 764 cities. Jessawala. and representative offices in Almaty. PNB is the third largest bank in India by assets.206 crore (US$6. Dubai. PNB has a banking subsidiary in the UK. NSE: PNB) Banking. however. Oslo. The bank's total assets for financial year 2007 were about US$60 billion. The board first met on 23 May 1894.pnbindia. surpassing Rai Mul Raj and Dyal Singh Majithia. mortgage loans. as well as branches in Hong Kong. wealth management 31. Lala Lalchand. It serves over 37 million customers. Bakshi Jaishi Ram. and Lala Dholan Dass. London. Financial services 1895 K R Kamath (Chairman & MD) Credit cards.57 billion) (2011)[1] 56. finance and insurance.51 million) (2011)[1] 373.574 crore (US$912.928 (2010)[1] www. the PNB Website now claims Lala Lajpat Rai to be the founding father. private banking.786 crore (US$74. and Shanghai Punjab National Bank was registered on 19 May 1894 under the Indian Companies Act with its office in Anarkali Bazaar Lahore. India. Shri E. The founding board was drawn from different parts of India professing different faiths and a varied back-ground with.23 billion) (2011)[1] 4. NSE: PNB) is an Indian financial services company based in New Delhi.

PNB has the distinction of being the first Indian bank to have been started solely with Indian capital that has survived to the present. PnbMetlfe markets insurance products through PNB's branches Type Private BSE: 500180 NSE: HDFCBANK NYSE: HDB BSE SENSEX Constituent Banking. Shri Jawahar Lal Nehru. finance and insurance.585 billion (2011)[2] Traded as Industry Founded Area served Key people Headquarters Mumbai. private equity. Fortune India 500 Ranking Punjab National Bank was ranked #26 in the Fortune India 500 ranking of 2011. but failed in 1958. corporate banking. private banking. as well as the account of the famous Jalianwala Bagh Committee. mortgage loans. Financial services August 1994 Worldwide Aditya Puri (MD) Credit cards. headquartered in Bangalore and Gurgaon. Shri Lal Bahadur Shastri. the Oudh Commercial Bank. consumer banking. Maharashtra.) PNB has had the privilege of maintaining accounts of national leaders such as Mahatma Gandhi. India Products Revenue . (The first entirely Indian bank. investment banking. was established in 1881 in Faizabad. which has operated in India since 2001 and is an affiliate of MetLife. Shrimati Indira Gandhi. The new entity.[5][6] [edit] Forbes Global 2000 Ranking Punjab National Bank was ranked #1243 in the Forbes Global 2000.[7][8] [edit] PNBMETLIFE Punjab National Bank has entered into a strategic alliance with Metlife India Insurance. wealth management[1] US$ 05.

84 billion) in 2010-11.Profit Total assets Total equity Employees Website US$ 0923. Times Bank Limited (owned by Bennett.75 shares of Times Bank.483 billion (2011)[2] US$ 07.8 million (2011)[2] US$ 65. NYSE: HDB) is an Indian financial services company that was incorporated in August 1994.000 crore and net advances of about Rs. For these customers. 2012. money markets and debt trading and equity research.[citation needed] [edit] Business focus HDFC Bank deals with three key business segments. Shareholders of Times Bank received 1 share of HDFC Bank for every 5.926. This was the first merger of two private banks in India.30 crore (US$783. India's largest housing finance company. ICICI Bank and Punjab National Bank HDFC Bank was incorporated in 1994 by Housing Development Finance Corporation Limited (HDFC).Wholesale Banking Services.471 ATMs.263..000 crore.37% reaching at 24. trade services. . / Times Group) was merged with HDFC Bank Ltd.[3] For the fiscal year 2010-11. It was among the first companies to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector.4 crore (US$4. The amalgamated bank emerged with a base of about Rs. HDFC Bank is the fourth largest bank in India by assets and the second largest bank by market capitalization as of February 24. the bank has reported net profit of 3.[citation needed] [edit] Wholesale banking services Blue-chip manufacturing companies in the Indian corp to small & mid-sized corporates and agri-based businesses. in 996 cities in India. up 33. HDFC Bank has 1.000 crore. It is also providing sophisticated product structures in areas of foreign exchange and derivatives. and merchant banking. Treasury. In 2008 HDFC Bank acquired Centurion Bank of Punjab taking its total branches to more than 1. Coleman & Co. along with: State Bank of India.82 billion. NSE: HDFCBANK.752 (2011)[2] HDFCBank.63. Retail Banking Services. 1. The Bank started operations as a scheduled commercial bank in January 1995 under the RBI's liberalisation policies.000. and all branches of the bank are linked on an online real-time basis.986 branches and over 5. a premier housing finance company (set up in 1977) of India. It has entered the banking consortia of over 50 corporates for providing working capital finance.com HDFC Bank Limited (BSE: 500180.89. the Bank provides a wide range of commercial .769 million (2011)[2] 55.[4] HDFC Bank is one of the Big Four banks of India.22. in 2000.1% from the previous fiscal.1006. Total annual earnings of the bank increased by 20.3 million). The balance sheet size of the combined entity is more than Rs. 1. As of 30 September 2008 the bank had total assets of Rs. The bank was promoted by the Housing Development Finance Corporation. corporate finance.

If the website is not available they are asked to visit their home branch.com are not available 24X7. trade services. and Equities. Local Currency Money Market & Debt Securities. cash management.Foreign Exchange and Derivatives. The Bank launched its credit card business in late 2001. etc. mutual funds. HDFC Bank website including hdfcbank. the bank has three main product areas . transactional services. [edit] Retail banking services HDFC Bank was the first bank in India to launch an International Debit Card in association with VISA (Visa Electron) and issues the Mastercard Maestro debit card as well. This has become a habit of HDFCBank. These services are provided through the bank's Treasury team. stock exchange members and banks. including working capital finance. The bank is also a leading provider of[clarification needed] for its corporate customers. Point-of-sale (POS) terminals for debit / credit cards acceptance at merchant establishments.HDFC BANK has full potential to become Indias No. By March 2009. Bill Payments.com and hdfcsec.e total number of current and savings account of more than 50% . The Bank is also one of the leading players in the “merchant acquiring” business with over 7 .1 Private Sector Bank.and transactional banking services. Loans. The Treasury business is responsible for managing the returns and market risk on this investment portfolio. etc. the bank had a total card base (debit and credit cards) of over 13 million. [edit] Treasury Within this business. the bank is required to hold 25% of its deposits in government securities. To comply with statutory reserve requirements. The Bank is positioned in various net based B2C opportunities including a wide range of internet banking services for Fixed Deposits.With Finest of Technology and Best of Man power in Banking Industry HDFC BANK's retail services have become by and large the best in India and since the contribution to CASAi. Customers of the HDFC Bank are requested to check the website availability 24 X 7 and if available can do the transaction. Type Public NSE: SBIN BSE: 500112 LSE: SBID BSE SENSEX Constituent Traded as .

to the founding in 1806 of the Bank of Calcutta. Banglore. As of March 2011.933 (2011)[1] www. Maharashtra. LSE: SBID) is the largest banking and financial services company in India by revenue. Delhi. SBI is ranked #292 globally in Fortune Global 500 list in 2011. assets and market capitalization.com Headquarters Mumbai. It also has around 130 branches overseas. The Government of India nationalized the Imperial Bank of India in 1955. private banking. the government took over the stake held by the Reserve Bank of India.Industry Founded Area served Key people Banking. Maharashtra. with the Reserve Bank of India taking a 60% stake.56 billion (2011)[1] US$18.[2] SBI provides a range of banking products through its vast network of branches in India and overseas. with over 16.000 outlets including 150 overseas branches and agents globally. corporate banking. Consumer banking. Kolkata.71 billion (2011)[1] Government of India 222. has the largest banking branch network in India.[4] Also. In 2008. Lucknow. making it the oldest commercial bank in the Indian Subcontinent. Trivandram. Financial services July 1. Bhuwaneshwar. It is a state-owned corporation with its headquarters in Mumbai. SBI is the only . It has a market share among Indian commercial banks of about 20% in deposits and loans. Chennai. Mumbai. including products aimed at non-resident Indians (NRIs). and renamed it the State Bank of India. finance and insurance. India Products Revenue Profit Total assets Total equity Owner(s) Employees Website State Bank of India (SBI) (NSE: SBIN. The State Bank Group.44 billion (2011)[1] US$2. Bank of Madras merged into the other two presidency banks—Bank of Calcutta and Bank of Bombay—to form the Imperial Bank of India.statebankofindia. it had assets of US$370 billion with over 13. 1955 Worldwide Pratip Chaudhuri (Chairman) Credit cards. BSE: 500112. SBI is a regional banking behemoth and is one of the largest financial institutions in the world.34 billion (2011)[1] US$369. Bhopal & Ahmedabad and 57 Zonal Offices that are located at important cities throughout the country. through the Imperial Bank of India. SBI has 14 local head offices situated at Chandigarh. Hyderabad. investment banking. Patna. The bank traces its ancestry to British India.[3] The State Bank of India is the 29th most reputed company in the world according to Forbes.000 branches. wealth management US$32. which in turn became the State Bank of India. Guwahati (North East Circle). mortgage loans.

[ Branch of SBI in Mumbai.190 million as of March 2009. 2008 when State Bank of Saurashtra merged with SBI.77%. the government integrated these banks into the State Bank of India system to expand its rural outreach. along with ICICI Bank.3% in State Bank of Indore. Originally.[9] The first step towards unification occurred on August 13.[ Non-banking subsidiaries Apart from its five associate banks. SBI also has the following non-banking subsidiaries: 1. SBI has five associate banks. SBI holds 98. There has been a proposal to merge all the associate banks into SBI to create a "mega bank" and streamline operations. SBI Capital Markets Ltd . Punjab National Bank and HDFC Bank—its main competitors.981. 2009 the SBI board approved the merger of its subsidiary. Then on June 19. following the acquisition. State Bank of Indore.bank featured in the coveted "top 10 brands of India" list in an annual survey conducted by Brand Finance and The Economic Times in 2010. emphasising the development of rural India. The total assets of SBI and the State Bank of Indore stood at 9.)[10] The acquisition of State Bank of Indore added 470 branches to SBI's existing network of 12. In tune with the first Five Year Plan. Also. SBI's total assets will inch very close to the 10 trillion mark. 2010. reducing the number of state banks from seven to six.[5] The State Bank of India is the largest of the Big Four banks of India. followed by the regional headquarters' name:      State Bank of Bikaner & Jaipur State Bank of Hyderabad State Bank of Mysore State Bank of Patiala State Bank of Travancore Earlier SBI had only seven associate banks that constituted the State Bank Group.448 and over 21. The process of merging of State Bank of Indore was completed by April 2010. the then seven banks that became the associate banks belonged to princely states until the government nationalised them between October 1959 and May 1960. (Individuals who held the shares prior to its takeover by the government hold the balance of 1. with itself.000 ATMs. and the SBI Indore branches started functioning as SBI branches on August 26. all use the same logo of a blue circle and all the associates use the "State Bank of" name.

SBI has 21. 7. SBI DFHI Ltd 6.2.P. SBI Funds Management Pvt Ltd 3. A circle depicts perfection and the common man being the centre of the bank's business. SBI Factors & Commercial Services Pvt Ltd 4. (SBICPSL) 5.000th ATM was inaugurated by the then Chairman of State Bank Shri O. SBI includes 99345 offices in India. India's number one ADB is in bellary i e State bank of India bellary ADB [edit] Symbol and slogan   The symbol of the State Bank of India is a circle and not key hole and a small man at the centre of the circle. the day of his retirement).000 ATMs.all the way" and : "a bank of common man" . Slogans : "Pure banking nothing else" also includes : "With you . Ltd. SBI has about 25. SBI General Insurance Branches of SBI      State Bank of India has 172 foreign offices in 37 countries across the globe. SBI Cards & Payments Services Pvt.000 ATMs (25.500 branches. SBI Life Insurance Company Ltd. including branches that belong to its associate banks. and SBI group(including associate banks) has about 45. Bhatt on 31 March 2011.

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