About Us
Vision
To be the most preferred and trusted bank enhancing value for all stakeholders.
Mission
Delighting customers with our excellent service and comprehensive suite of best-in-class financial solutions.
Touching more people’s lives with our expanding retail footprint while maintaining our excellence on corporate and infrastructure financing.
Continuing to act in an ethical, transparent, and responsible manner, becoming the role model for corporate governance.
Deploying world class technology, systems and processes to improve business efficiency and exceed customer’s expectations;
Relentlessly striving to become a greener bank
Expanding our global presence.
Encouraging a positive, dynamic, and performance-driven work culture to nurture employees, grow them, and build a passionate and committed workforce.
Company Profile
IDBI Bank is recognized amongst India’s Top and Fastest Growing Banks. The Bank offers a wide spectrum of financial services to all customer segments. We endeavor to consistently add value to our customers and emerge as India’s most convenient and preferred bank with Best-in-Banking financial services.
On October 1, 2004, the erstwhile IDBI was converted into a banking company – IDBI Ltd. - to undertake the entire gamut of banking activities while continuing to play its secular DFI role. Aspiration of fueling its business growth, IDBI Ltd. merged its subsidiaries - the former IDBI Bank, IDBI Home Finance Ltd., IDBI Gilts, the erstwhile United Western Bank Ltd., with itself over a period. IDBI Ltd. also changed its name to IDBI Bank Ltd. to reflect its widened business functions.
At IDBI Bank, we believe in growth that goes beyond the numbers. We touched the lives of millions of Indians through our wide range of banking products and services.
IDBI Bank is recognized amongst India’s leading and Fastest Growing Banks. We believe in having customer-centricity, with a keen focus on delivering Banking Solutions.
Going forward, IDBI Bank is strongly committed to work towards emerging as ‘most preferred and trusted bank enhancing value for all stakeholders.
55+
Years
of providing Banking Solutions since July 1, 1964
1890+
Branches
Across India
3300+
ATMs
Across India
₹2,97,764
Crore
Balance Sheet size as on March 31, 2021
Our Journey
Board of Directors
M R Kumar
Chairman
Rakesh Sharma
Managing Director & CEO
Samuel J Jebaraj
Deputy Managing Director
Suresh Khatanhar
Deputy Managing Director
Meera Swarup
Chairman
Anshuman Sharma
Chairman
Rajesh Kandwa
Chairman
Gyan Prakash Joshi
Chairman
B.B. Joshi
Chairman
Samaresh Parida
Chairman
N. Jambunathan
Chairman
Deepak Singhal
Chairman
Sanjay Gokuldas Kallapur
Chairman
P V Bharathi
Chairman
Executive Directors
Mr. P. Sitaram
Chief Compliance Officer
Dr. Saumya Banerjee
Executive Director
Mr. Madhav Phadke
Executive Director
Shailendra Nadkarani
Chairman
V. Narayanamurthy
Chairman
Jorty Chacko
Chairman
P. K. Das
Chairman
Ashok Kumar Gautam
Chairman
Ajoy Nath Jha
Chairman
Ravi Kumar
Chairman
Rajeev Kumar
Chairman
Balinder Kaur Mandal
Chairman
Baljinder
Chairman
Nagaraj Garla
Chairman
Anil C. Raj
Chairman
You can now
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Financial Reports
- Financial Results Q1
- Financial Results Q2
- Financial Results Q3
- Financial Results Q4
- Annual Report (20-21)
- Annual Report (19-20)
- Annual Report (18-19)
- Annual Report (17-18)
- 2020-2021 Report
- 2019-2020 Report
- 2018-2019 Report
- 2017-2018 Report
Classification of IDBI Bank
IDBI Bank Limited has been categorized as a ‘Private Sector Bank’ for regulatory purposes by Reserve Bank Of India with effect from January 21, 2019, consequent upon Life Insurance Corporation Of India acquiring 51% of the total paid-up equity share capital of the bank. [Press Release: 2018-2019/2194 Dated March 14, 2019]
Department of Cooperative Bank Regulation, Reserve Bank of India has issued a clarification that for the purpose of maintenance of cash reserves (CRR) by non-scheduled co-operative banks in terms of Section 18 read with Section 56 of the Banking Regulation Act, 1949, the ‘net balance in current accounts’ shall, in relation to a co-operative bank, continue to include, inter alia, the excess, if any, of the aggregate of the credit balances in the current account maintained by that co-operative bank with IDBI Bank Ltd over the aggregate of the credit balances in current accounts held by IDBI Bank Ltd with such co-operative bank, till further instructions.
Department of Financial Services (DFS), Government of India (GoI) vide its communication F.No. 8/2/2019-BO-II dated December 17, 2019, has directed all Central/State Governments/Departments/ Agencies /Institutions to continue to consider IDBI Bank for allocation of Government Business keeping in view that the direct and indirect shareholding of GoI in IDBI Bank is over 97%.
Based on GoI’s above communication, Railway Board, Ministry of Railways has advised all Railway units accordingly vide letter no. 2019/ACII/9/11 dated January 2, 2020. The DFS has also advised the Ministry Of Shipping separately vide office memorandum dated January 6, 2020, for parking of surplus funds by Port Trusts with IDBI Bank.
