IDBI Bank Limited is an Indian bank headquartered in Mumbai, Maharashtra. It provides a range of financial products and services including retail banking, corporate banking, treasury operations, and merchant banking. The bank operates a network of branches and ATMs across India and traces its origins to the Industrial Development Bank of India, a development finance institution established in the late 1960s.
| Name | IDBI Bank Limited |
|---|---|
| Type | Bank |
| Headquarters | Mumbai, Maharashtra, India |
| Country | India |
| Industry | Banking, Financial services |
| Predecessor | Industrial Development Bank of India |
The institution began as the Industrial Development Bank of India (IDBI), set up by an Act of Parliament to provide credit and other facilities for the development of Indian industry. For several decades it functioned primarily as a development financial institution, financing large industrial projects and supporting the growth of capital-intensive sectors.
Following reforms in the Indian financial sector, IDBI was reorganised as a commercial bank. The transition allowed the institution to take deposits and offer the full range of commercial banking products, while continuing its legacy role in industrial and infrastructure finance.
After its conversion into a banking company, IDBI Bank expanded its retail footprint through new branches, electronic delivery channels, and the integration of associate entities. The bank later came to be classified as a private sector bank following a change in its ownership structure, after the Life Insurance Corporation of India acquired a controlling stake. The Government of India and LIC together remained the principal shareholders, and the Government has indicated its intent to divest its remaining holding as part of broader public sector disinvestment efforts.
IDBI Bank's operations are organised across major business segments:
As a successor to one of India's principal development finance institutions, IDBI Bank occupies a distinctive position in the country's banking landscape. Its conversion from a DFI to a commercial bank, and subsequent reclassification as a private sector bank, reflects broader shifts in Indian banking policy, including the retreat of dedicated long-term industrial lenders and the consolidation of universal banking.