Industrial Development Bank of India (IDBI Bank Limited or IDBI Bank or IDBI) was established in 1964. It was launched by an Act to facilitate credit and other financial needs and accelerate the development of the fledgling Indian industry. Several national institutions find their roots in IDBI like SIDBI, Exim bank, NSE and NSDL.

The bank was operated as a subsidiary of Reserve Bank of India. However, RBI transferred it to the Government of India. On January 21, 2019 Life Insurance Corporation of India (LIC) bought 51% stake in IDBI Bank.

IDBI Bank operates a network of 1892 branches, 3,683 ATMs, and one overseas branch in Dubai. It also runs 58 e-lounges and 1407 centres.

Listing and Revenue

IDBI Bank is listed on both NSE and BSE.

Revenue ₹11,448 crore
Operating Income ₹5,112 crore
Net Income ₹-12,887 crore
Total Assets ₹2,99,942 crore

Products and Services

IDBI's products and services include Merchant Banking, Distribution of Financial Products, Stock Broking, Debt Arranging & Undertaking, Corporate Advisory Services, Portfolio Management of Pension / PF Funds & Research services. It also allows customers to invest online in equities, MF and IPOs.


IDBI Bank was established in 1964 under the Act of Parliament as a wholly owned subsidiary of the Reserve Bank of India. The ownership of IDBI Bank was transferred to the Government of India in 1976. The bank was transformed into a principal financial institution to coordinate the activities of institutions engaged in promoting, financing, and developing industry in India.

IDBI also provided indirect financial assistance to the globalization reforms by refinancing loans extended by State-level financial institutions and banks and by rediscounting bills of exchange.

The public issue of IDBI came in July 1995. This led to the government shareholding in the bank coming down to 75% from 100%.

IDBI helped in building several institutions including Securities and Exchange Board of India (SEBI), the National Securities Depository Limited (NSDL), National Stock Exchange of India (NSE), the Stock Holding Corporation of India Limited (SHCIL), the Exim Bank (India), the Credit Analysis & Research Ltd, the Small Industries Development Bank of India (SIDBI) and the Entrepreneurship Development Institute of India.

In September 2004, the Reserve Bank of India incorporated IDBI as a 'scheduled bank' under the RBI Act, 1934. This allows IDBI to formally enter personal banking business as IDBI Ltd. on 1 October 2004. The commercial banking subsidiary of IDBI BANK was later merged into IDBI in 2005.


In 2006, IDBI Bank took over United Western Bank (headquartered at Satara) as a part of the rescue.

Awards and Recognitions

IDBI Bank ranked #1197 in the Forbes Global 2000 in May 2013. It also got the award of 'Overall Best Bank' and 'Best Public Sector Bank' awards in the Dun & Bradstreet Banking Awards, 2011.

In 2011, IDBI Bank was awarded with Banking Technology awards for the best use of Business Intelligence and the best Risk Management from Indian Banks Association.


IDBI Bank operates multiple subsidiaries including IDBI Capital Markets & Securities Limited (ICMS), IDBI Trusteeship Services Ltd (ITSL), IDBI Asset Management Limited (IAML), IDBI Intech Limited (IIL), IDBI MF Trustee Company Limited (IMTCL), and IDBI Federal Life Insurance Company Limited (IDBI Federal).