CONTENT Introduction. Subsidiaries. Roles. Functions. Products and services. Loans Payments Other services Corporate banking Differences
ABOUT IDBI Industrial development bank of India, was established in 1964 by act of parliament. Its headquarter is in Mumbai. It is India's 10 th largest bank in the world in terms of reach, with 3350 ATMs, 1853 branches, including one overseas branch at Dubai, and 1382 centers. It is one of 27 commercial banks owned by the Government of India.
SUBSIDIARIES The following are the subsidiaries of IDBI. Small industries development bank of India(SIDBI). IDBI bank Ltd. IDBI Capital Market Services Ltd. IDBI Assets Management Company.
ROLE OF IDBI Co-ordinates the activities of other development banks and terms financing institutions in the capital market of the country. Direct assistance. Indirect assistance.
FUNCTIONS OF IDBI Grant Loans and Advances. Provide many Facilities. Underwriting and Direct Subscription. Keeping Value in Safe Custody.
PRODUCTS AND SERVICES. Suvidha Tax Saving Fixed Deposit. Jubliee Plus Account. Super Shakti Account. Flexi Current Account. Sabka Saving Account.
LOANS Home loans Educational loans Loans against property. Personal loans. Auto loans. Loans against securities. Reserve mortage loans.
PAYMENTS Tax payment. Stamp duty payment. Bill payment. Easy fill. Card to card money transfer. Online payment. Pay mate.
CARDS Gold debit cards. Gift card. World currency card. Kids debit card. Foundation day cash back scheme 2009. Platinum card.
OTHER SERVICES Capital marketing. NRI services. Preferred banking. IPO. Demat .
CORPORATE BANKING Services offered by IDBI bank for the corporates:- Project finance. Infrastructure finance. Carbon credit business. Syndication, advisory and underwriting services.
DIFFERENCE BETWEEN IDBI AND OTHER BANKS IDBI OTHER BANKS IDBI work for the Improvement of Backward Areas People. But Other Banks only Focuses on Urban Areas People IDBI work for the Improvement of Small-scale Industries. Other Banks only Provide Loans and helps to Big Businessmen and Reputed Persons IDBI focuses on Research, Surveys and Technologies for the Development of Industries. Other Banks mainly Focuses on Credit Creations
Lastly, IDBI is different from Other Banks because, Other Banks deals in Banking Business but IDBI deals with the welfare of Industries ans Development Purposes.