IDBI Bank Limited

IDBI Bank Limited provides banking and financial solutions to retail and corporate clients in India. It operates through Corporate/Wholesale Banking Retail Banking Treasury and Other Banking Operations segments. The company offers savings current and salary accounts and fixed deposits; home auto education and personal loans as well as loans against properties and securities; debit credit and prepaid cards; mobile and Internet banking services; and investment advisory and capital market services. It also provides fund and non-fund-based assistance; packing credit to exporters; receivable buyout with recourse; channel financing for dealers of corporates; scheme for financing automated teller machines (ATMs)/cash dispense vendors; technology upgrading fund scheme for textile and jute industries; and lending to non-banking finance companies/housing finance companies and commercial real estate sector. In addition it offers bank guarantees letters of credit documentary collection bill discounting and foreign currency; cash management treasury trade finance and remittance services; and debt syndication and advisory services. Further it provides finance to micro small and medium enterprises; agriculture finance; and products and services for non-resident Indians. Additionally the company offers information technology and security and contact center services; merchant banking stock broking corporate advisory portfolio management of pension/PF funds and research activities debt arranging and undertaking and distributes financial products; mutual fund; and security trusteeship assignments share pledge trustee venture capital fund safe keeping escrow agency and other trusteeship services as well as acts as a trustee to securitization transactions and bond/debentures. The company was formerly known as IDBI Ltd. and changed its name to IDBI Bank Limited in May 2008. IDBI Bank Limited was founded in 1964 and is headquartered in Mumbai India.