IDBI Bank Ltd, also known as Industrial Development Bank of India, is a public sector bank in India. Here is some information about IDBI Bank:
Overview: IDBI Bank was established in 1964 as a wholly-owned subsidiary of the Reserve Bank of India. It was initially set up to provide financial assistance to industries and support the country's industrial development. Over the years, it has grown into a full-service commercial bank.
Services: IDBI Bank offers a wide range of banking services and products, including:
Savings and Current Accounts: IDBI Bank provides savings accounts and current accounts with various features and benefits for individuals and businesses.
Loans: The bank offers different types of loans, such as home loans, personal loans, vehicle loans, education loans, and business loans, to meet the diverse financial needs of customers.
Deposits: IDBI Bank offers fixed deposits, recurring deposits, and other deposit schemes with competitive interest rates and flexible tenure options.
Credit Cards: IDBI Bank issues credit cards to eligible customers, providing features like rewards programs, cashback, and convenient payment options.
Internet Banking: IDBI Bank provides internet banking services, allowing customers to access their accounts, make online transactions, pay bills, and avail various banking services through the bank's website or mobile app.
Government Banking: IDBI Bank offers specialized banking services to government entities, including central and state governments, public sector undertakings, and municipal corporations.
Branches: IDBI Bank has branches across India, including several branches in Karnataka. In Karnataka, IDBI Bank has branches in cities such as Bengaluru, Mysore, Mangalore, Hubli, Belgaum, and Gulbarga.
The Industrial Development Bank of India Limited commonly known by its acronym IDBI is one of India's leading public sector banks and 4th largest Bank in overall ratings.
IDBI Bank is a Board-managed organisation. The responsibility for the day-to-day management of operations of the Bank is vested with the Chairman & Managing Director and two Deputy Managing Directors, who draw upon the support and expertise of a cross-disciplinary Top Management Team.
Address
IDBI Bank Ltd
Maruthi Ramkrishna Arcade
No 82 Dr Rajkumar Raid
Rajajinagar II Block
Bangalore - 560010
Karnataka
It is currently the tenth largest development bank in the world in terms of reach with 975 ATMs, 568 branches and 352 centers.
Web : http://www.idbi.com/