Rohan Ambardekar 5rohana 6515

IDBI Bank

Business Overview:
Profit Before Tax - INR 205.6 Cr
PBT Growth - 38.6%
Customer Deposits - INR 11,636 Cr
Customers - 975,000
Cities - 87
MD & CEO - Mr. G V Nageswara Rao

Highlights:
 First bank in Asia-Pacific to launch Card to Card Money
Transfer
 A few institutions funding by IDBI are
o The National Stock Exchange (NSE)
o The National Securities Depository Services Ltd.
(NSDL)

Important Milestones:
1964
 The Industrial Development Bank of India (IDBI), setup
as a wholly owned subsidiary of RBI. Initial aim was to
provide credit and other facilities for the development
of Indian industry
1976
 Ownership transferred to Govt. of India
1982
 Export Import Bank spun off
1990
 SIDBI setup as wholly owned subsidiary
1995
 GoI stake reduced to 72% after successful IPO
 Further reduced to 58% post capital restructuring
2001
 51% of ownership in SIDBI divested
2004
 October, IDBI becomes IDBI Ltd.
2005
 April, 02 IDBI Bank merges with IDBI

Departments:

Commercial Banking
Consumer Retail Banking

o Deposits
o Loan
o Payments
o Demat Account
o Investment Advisory Services
Corporate Banking

o Trade Finance
o Capital Markets
Treasury

o Foreign Exchange Market
o Money Market

Development Banking
Project Finance
Film Financing
Corporate Loan
Direct Discounting
TUFS (Technology Upgradation Fund Scheme)
Refinance
Bills Rediscounting
Rehabilitation Finance
Forex Services/Treasury

Internship and Final Placement History:

Did not participate in Summer Placements in 2004
Recruited one student from 2003-2005 batch for Final
Placement for Commercial Banking