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2. Brief about IDBI
IDBI Bank Ltd. is operating as a full service universal bank that serves the customers from all
segments. IDBI Bank has inherited a rich legacy from its predecessor entity - Industrial
Development Bank of India - which was an apex Development Financial Institution (DFI) in the
realm of industry from July 1, 1964 to September 30, 2004. As a DFI, the erstwhile IDBI stretched
its canvas beyond mere project financing to cover an array of services that contributed towards
balanced geographical spread of industries, development of identified backward areas,
emergence of a new spirit of enterprise and evolution of a deep and vibrant capital market. As an
universal bank, IDBI Bank touches the lives of millions of Indians through a wide array of banking
products and services. Besides, the Bank has an established presence in associated financial
sector businesses including capital market, investment banking and mutual fund business. The
Bank’s very business philosophy is characterised by the commitment to provide relevant
financial solutions, ensure maximum customer convenience through easy access to branches and
ATMs as well as digital offerings and excellence in customer service.
3. Business area of the bank
IDBI Bank provides a wide gamut of financial products and services encompassing deposits,
loans, payment services and investment solutions. It is committed to understanding its
customers’ needs and aim at consistently delivering relevant financial solutions and excellent
customer service. The bank provides different types of services. Retail banking: It provides a
wide range of products and services like deposits, loans, NRI services, demat, pension
account, mobile banking, internet banking, investment schemes such as mutual fund,
insurance products, bonds, debentures etc. Corporate banking: It provides corporates project
finance, film finance, foreign currency loan, working capital finance, treasury products, etc.
Agri business and microfinance: It provides finance to agri businesses in the form of dairy
loans, farm mechanization loans, financing for fisheries, poultry, piggery, warehouse receipt
finance, etc. SME: IDBI Bank also offers products and services to SME sector.
4. Products and services
Preferred Banking
Savings Account
Kutumb - Family Banking
Flexi Current Account
Corporate Payroll Account
Fixed Deposit & Lockers
Loans
Pradhanmantri Social Security Scheme
Cards
PayApt-Mobile Wallet
24 Hours Banking
FASTag
JusTab
Trusteeship through ITSL
Sukanya Samriddhi Account