Punit Thakkar

Banking dates back to 1786, the first bank established in India, then the nationalization of banks in 1969.

In India the banking sector is segregated as public or private sector banks, cooperative banks and regional rural banks.

Different types of accounts and loans, facilitating with plastic money and money transfer across the globe.

Today, banks have diversified their activities and are getting into new products and services that include opportunities in credit cards, consumer finance, wealth management, life and general insurance, investment banking, mutual funds, pension fund regulation, stock broking services, custodian services, private equity, etc.

IDBI is one of India'sleading public sector banks and 4th largest Bank in overall ratings.

The Industrial Development Bank of India (IDBI) was established on July 1, 1964 under an Act of Parliamentas a wholly owned subsidiary of the Reserve Bank of India.

IDBI diversified its business domain further by acquiring the entire shareholding of Tata Finance Limited in Tata Home finance Ltd., signaling IDBI’s foray into the retail finance sector

Vision  To be the trusted partner progressing by leverage quality human and

setting global standard of excellence to build the most valued financial conglomerate.

 Mission 

To be the first preference of our customers by providing innovative, need based life insurance and retirement solutions to individuals as well as corporate. These solutions will be made available by well-trained professionals through a multi channel distribution network and superior technology

 

Type Public sector bank  Industry Finance  Founded 1964 Headquarters Mumbai, India  Key people Yogesh Agarwal, Chairman  Products Financial Services Employees 10201 ATM 1165 Branches 710 Centre 474

IDBI Capital Market Services Limited IDBI Home finance Ltd IDBI Intech Ltd IDBI Gilts Ltd

Personal Banking• Deposits• Loans• Payments• Cards• Investments Advisory • NRI Services          • Capital Market

Corporate Banking

Prime Competitors of IDBI Bank

Bank of India Punjab National Bank State Bank of India Bank of Baroda ICICI Bank HDFC Bank City Union Bank Others Banks also

Total assets reached Rs.1, 72,402 crore, registering a growth of 31.9% during the financial year.

  IDBI Bank’s working during the year resulted in a Profit

Before Tax (PBT) of Rs.985.6 crore  Business stands at Rs. 2.54 lakh Crore  Profit after tax of IDBI bank is Rs. Crore 859 at end of

March 09.  Net profit up 56% to Rs.254 Crore (from Rs.162 Crore)  Total assets grew by 39% to Rs.1,88,183 Crore (from

Rs.1,35,353 Crore) 

Recruitment

During 2008-09, IDBI Bank recruited 2435 employees (Officers 1923, Executives 512) of which 326, 99 and 482 belong to Scheduled Castes (SCs), Scheduled Tribes (STs) and Other Backward Classes (OBCs) respectively.

  The said recruitment also includes 22 Persons With

Disabilities (PWD).  As on March 31, 2009, Bank had 10,201 employees

on its rolls, comprising   6611 Officers 894 Executives 1493 Clerical (Class-III) 1203 Sub-staff (Class-IV) employees.

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