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FIELD PROJECT PRESENTATION TOPIC – Industrial Development Bank Of India SUBMITTED TO- SUBMITTED BY- Prof. Tarun Kushwaha Group No. – 102 Yamini Verma
INTRODUCTION Industrial Development Bank of India(IDBI Bank Limited) was established in 1964 by an Act to provide credit and other financial facilities for the development of the Indian industry. Initially it operated as a subsidiary of Reserve Bank of India RBI but then it was transferred to GOI. Currently,LIC of India completed acquisition of 51% controlling stake in IDBI Bank on January 21, 2019 making it the majority shareholder of the bank. IDBI offer personalized banking and financial solutions to their clients in the retail and corporate banking arena through their large network of Branches and ATMs spread across length and breadth of India. The Bank operates in four segments namely Wholesale Banking, Retail Banking, Treasury Services and Other Banking Operations.
IDBI BANK MANAGEMENT- IDBI Bank is headed by Mr. M R kumar, who acts as its Chairman and Mr.Rakesh Sharma as Managing Director. It has two Deputy Managing Directors – B.K. Batra and M.O. Rego and 10 Executive Directors. INSTITUTIONS BUILD BY IDBI- Some of the institutions built with the support of IDBI are - Securities and Exchange Board Of India (SEBI), National Stock Exchange Of India (NSE), Bombay Stock Exchange(BSE), National Security Depository Limited (NSDL), Stock Holding Corporation of India Limited (SHCIL), Credit Analysis & Research Ltd, the Exim Bank (India), Small Industries Development Bank of India (SIDBI) and Entrepreneurship Development Institute of India (EDII).
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