In India's dynamic financial sector, IDBI (Industrial Development Bank of India) stands as a key player in banking, loans, and industrial development. What is the full form of IDBI? The full form of IDBI is Industrial Development Bank of India. Initially established under the Industrial Development Bank of India Act, 1964, IDBI has evolved from a Development Financial Institution (DFI) into a prominent private sector bank after LIC acquired 51% of equity share capital in 2019.
IDBI Bank was originally created as a wholly-owned subsidiary of the Reserve Bank of India (RBI) to provide loans and other financial facilities for industrial growth before expanding into retail banking services. This comprehensive guide explores IDBI's full form, functions, subsidiaries, and latest financial details, while also answering key queries like "Under which law was IDBI established?" and "What is the women's account called in IDBI Bank Ltd?"
| Category | Details |
| Full Form | Industrial Development Bank of India |
| Founded | 1964 (under Industrial Development Bank of India Act, 1964) |
| Founded By | Reserve Bank of India (RBI) (as a wholly-owned subsidiary) |
| Current Status | Re-categorized as a private sector bank (after LIC acquired 51% of equity share capital) |
| Major Stakeholder | Life Insurance Corporation of India (LIC) |
| Headquarters | Mumbai, Maharashtra |
| Key Services | Industrial loans, retail banking, mutual funds, shares, merchant banking |
| IDBI Bank official website | www.idbibank.in |
| Authorized capital | ₹15,000 crore |
The question "Under which law was IDBI established?" is frequently asked. The answer is the Industrial Development Bank of India Act, 1964. Here's the complete evolution of this financial institution:
This transformation from a Development Financial Institution (DFI) to a full-service commercial bank and finally to a private sector bank makes IDBI Bank unique in India's banking landscape.
Since its inception, IDBI has maintained several core objectives as part of its mission to promote industrial and economic development:
IDBI Bank continues to fulfill its original mandate of industrial development through:
After becoming a commercial bank, IDBI expanded its retail offerings:
IDBI offers comprehensive investment services:
IDBI has established several subsidiaries to specialize in different financial sectors:
| Subsidiary | Primary Function |
| IDBI Capital | Stock broking, investment banking, and corporate advisory services |
| IDBI Intech Ltd | Technology solutions for banking and financial services |
| IDBI Trusteeship Services Ltd | Debenture and security trusteeship services |
| IDBI Federal Life Insurance (now Ageas Federal Life Insurance) | Life insurance products with electronic insurance account facility |
| IDBI Asset Management Ltd | Management of mutual fund schemes |
IDBI has formed alliances with several institutions:
IDBI's journey from a development institution to a private sector bank is remarkable:
| Year | Milestone | Ownership Type |
| 1964 | Founded by Reserve Bank of India (RBI) | Wholly-owned subsidiary of RBI |
| 1976 | Transferred to Government of India | Public sector institution |
| 2004 | Became a commercial bank | Public sector bank |
| 2019 | LIC acquired 51% of equity share capital | Re-categorized as a private sector bank |
This transformation exemplifies how financial institutions can evolve to meet changing economic needs while maintaining their core development mandate.
IDBI offers various loan products to cater to different customer segments:
Customers can apply for IDBI home loan and other loan products through the bank's branches or online platform.
Individuals can open an IDBI Bank account at any branch or through digital channels.
After facing challenges with non-performing assets (NPA), IDBI Bank has implemented strategic measures to improve its financial health:
IDBI Bank is investing heavily in technology:
Since LIC acquired 51% of equity share capital, the partnership has yielded several advantages:
IDBI, or the Industrial Development Bank of India, is a financial institution in India focused on promoting industrial and economic growth through various financial services.
IDBI was established in 1964 under an Act of Parliament and later converted into IDBI Ltd. in 2004.
IDBI's primary objective is to facilitate industrial and economic development in India by providing financial assistance, credit, and expertise to various sectors.
IDBI offers a range of services, including loans and advances, corporate banking, retail banking, government and institutional banking, investment banking, and international banking.
IDBI provides financial assistance and guidance to SMEs, helping them grow and contribute to the economy.
IDBI finances projects across various sectors, including manufacturing, infrastructure, technology, and more.
IDBI plays a significant role in financing infrastructure projects, such as roads, power, and telecommunications, contributing to overall economic development.
Yes, IDBI facilitates international trade by providing export and import financing and other international banking services.
Individuals can access services like savings accounts, fixed deposits, and personal loans through IDBI's retail banking offerings.
IDBI is committed to fostering economic growth, generating employment opportunities, and enhancing the country's overall industrial infrastructure.