IDBI Bank Limited (BSE: 500116) is an Indian financial service company

headquartered Mumbai, India. RBI categorized 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 centers 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.

Main functions of IDBI

IDBI is vested with the responsibility of co-coordinating the working of institutions
engaged in financing, promoting and developing industries. It has evolved an
appropriate mechanism for this purpose. IDBI also undertakes/supports wide-ranging
promotional activities including entrepreneurship development programs for new
entrepreneurs, provision of consultancy services for small and medium enterprises,
up gradation of technology and programs for economic upliftment of the
underprivileged.
Developmental Activities of IDBI

Promotional activities

In fulfillment of its developmental role, the Bank continues to perform a wide range of
promotional activities relating to developmental programs for new entrepreneurs,
consultancy services for small and medium enterprises and program designed for
accredited voluntary agencies for the economic upliftment of the underprivileged.
These include entrepreneurship development, self-employment and wage
employment in the industrial sector for the weaker sections of society through
voluntary agencies, support to Science and Technology Entrepreneurs' Parks,
Energy Conservation, Common Quality Testing Centers for small industries.

Technical Consultancy Organizations

With a view to making available at a reasonable cost, consultancy and advisory
services to entrepreneurs, particularly to new and small entrepreneurs, IDBI, in
collaboration with other All-India Financial Institutions, has set up a network of
Technical Consultancy Organizations (TCOs) covering the entire country. TCOs offer
diversified services to small and medium enterprises in the selection, formulation and
appraisal of projects, their implementation and review.

Entrepreneurship Development Institute

Realizing that entrepreneurship development is the key to industrial development,
IDBI played a prime role in setting up of the Entrepreneurship Development Institute
of India for fostering entrepreneurship in the country. It has also established similar
institutes in Bihar, Orissa, Madhya Pradesh and Uttar Pradesh. IDBI also extends
financial support to various organizations in conducting studies or surveys of
relevance to industrial development.

Subsidiaries





IDBI Bank - Business model for SME sector

In an effort to give a boost to the SME financing, IDBI Bank has developed a special
business model to serve the SMEs in India. The Bank has set up 24 City SME Centres
(CSCs) across India in Mumbai, Delhi, Kolkata, Chennai, Bangalore, Hyderabad, Pune to
name a few. These CSCs are the Bank's hubs while dedicated SME desks have been set up
in several branches across these cities. These branches serve as front offices for sales
delivery and customer service.

IDBI Rural Banking
Under its rural focus plan, the bank is aiming to provide bank branches to 73,000 villages with
population of more than 2000 soon. Currently, the bank is providing advances to agriculture sectors
also and our share is about 13.5 percent. IDBI Bank has introduced its mobile banking facility to fulfill
the banking requirements of the rural customers. The 'Mobile Bank' bus launched by the bank will
work as a financial planner for rural areas and give all banking information to the consumers in remote
areas.