idbi bank (1)

IDBI Bank Ltd

PRESENTED BY :OVAIS AGA 01DIPESH CHAUHAN 09ABHISHEK KUMAR 30AMAN MEHTA 34RAJVI SHAH 48

INTRODUCTIONIDBI Bank is a Public Sector.IDBI Bank Limited (IDBI) is an Indian

financial service company headquartered in Mumbai, India.

It is currently 10th largest development bank in the world in terms of reach with 1945 ATMs, 1159 branches including one overseas branch at DIFC, Dubai and 779 centers including two overseas centres at Singapore & Beijing.

HISTORY" It was established in 1964 by an Act of

Parliament to provide credit and other facilities for the development of the fledgling Indian industry.

IDBI Bank is on a par with nationalized banks and the SBI Group as far as government ownership is concerned.

It is one among the 26 commercial banks owned by the Government of India.

VISION"To be trusted partner in progress by leveraging

quality human capital and setting global standards of excellence to build the most valued financial conglomerate".

 "One of the key differentiators that IDBI Bank found in Financial universal banking solution was its new generation technology and its use of the web paradigm ".

" To be the one of the most trusted and preferred bank and enhancing value for stake holders ".

OBJECTIVESPlanning, promotion and development

Co-ordination, regulation and supervision.

Supplementing the resources .Devising and enforcing.

OVERVIEW OF DEVELOPMENT BANKING The concept of development banking.

Worldwide institution for reconstructions.

Setting up of large number of banks.

FUNCTIONSTo grant loans and advances .To discount and re-discount bills.To underwrite and to subscribe to shares.To provide consultancy and merchant

banking services Planning, promoting and developing

industries.To act as trustee .

CONT…..Direct Financial Assistance.Indirect Financial Assistance.Development Assistance.Promotional Function.

SERVICES PROVIDED BY DFI Rehabilitation Finance Department: Home / Project Finance Scheme: Corporate Loan: Film Financing: Direct Discounting of Bills:

Steps to reshape its role. RBI issued the requisite notification on

September 30, 2004 incorporating IDBI Ltd. as a 'scheduled bank' under the RBI Act, 1934.

Consequently, IDBI, the erstwhile Development Financial Institution of the country, formally entered the portals of banking business as IDBIL from October 1, 2004, over and above the business currently being transacted

Recent developments

Foreign Exchange Services:Spot Contracts: It is a commitment by the client to buy or

sell one currency against another at a fixed rate for delivery two business days after the transaction.

Forward Contracts: Forward contract is a contract to buy or

sell currency on a future date at a predetermined rate.

Bank PolicyGifts & donations.Gender friendly workplace.Prohibition against participation in politics

and standing for election.Protection of Bank’s Assets.

CSR Activity.