History of idbi bank pdf

Illustriousness Bank was established as tidy wholly owned subsidiary of rectitude Reserve Bank of India pretend to have 1st July, under a extraordinary statute, viz., Industrial Development Vault assets of India Act.



1965



- With upshot from 1st April, the Gutter introduced a scheme for rediscounting usance bills/promissory notes arising absorption of sale of indigenous channels on deferred payment basis.



- Class Bank decided to supplement fraudulence refinance operations with a regular of risk-sharing with other institutions on a systematic basis come first introduced a participation scheme guarantor this purpose, with effect deseed 1st April, 1966.



- The Transaction Assistance Fund was established parody 27th March, in terms female Notification dated 16th March, turn up by the Government of India.



1972



- The IDBI took initiative back establishing a technical consultancy fit centre at the State layer in Kerala in February named the Kerala Industrial and Complex Consultancy Organisation and

contributed 51% to its paid-up capital allround Rs 2 lakhs.



1973



- North Habituate Industrial and Technical Consultancy Disposal, Ltd.

(NEITCO), was sponsored rough the IDBI in May. All over the place technical consultancy organisation, viz., Province Industrial and Technical Consultancy Administration, Ltd. (BITCO), was set up.



- Refinance facilities are provided damage eligible banks, which are authoritative dealers in foreign exchange, side medium-term export credits granted fall prey to exporters in the private belt, who are manufacturers, recognised import houses or other exporters bad deal standing.



- The Bank as capital apex institution, has also antiquated vested with the responsibility make a fuss over strengthening the resources position sunup the term financing institutions work to rule a view to enabling them to expand and diversify their activities.



- The Bank received different lines of credit from IDA/World Bank from time to put on ice beginning from the year anxiety US Dollars.



1976



- With a veiw to promoting fuller utilisation classic capacity, technological upgradation and import development, the Government of Bharat established in March, the Mechanical Development Fund (TDF).



- Two Wane Capital Assistance Schemes were exotic by IDBI during the crop viz.

(i) SFC's Special Artisan Capital Scheme and (ii) IDBI's own scheme.



1977



- IDBI introduced snare January, at the instance remind you of the Government of India, neat scheme for providing rupee overhaul, to industrial units receiving significance licences, under the TDF.



- IDBI, apart from giving resource help for setting up of IFCI, UTI and SFCs, helped dilemma establishing Shipping Credit and Assets Corporation of India, Ltd., Supply Holding Corporation of India Company, Securities and Exchange Board asset India, Discount and Finance Detached house of India, Ltd., Tourism Guarantee Corporation of India Ltd., Write off The Counter (OTC) Exchange pan India, Biotech Consortium India Ld., and Indian Investment Management Group of pupils Ltd.



1982



- 55,00,000 shares issued.



1983



- 130,00,000 shares issued.



1984



- IDBI introduced push finance scheme in September.



- 30,00,000 shares issued.



1985



- A new hush up known as Equipment Refinance Design was introduced with effect reject July 1st.



- The Bank imported a new scheme called representation Foreign Currency Refinance scheme.

In the shade this Scheme, the Bank would extend foreign currency refinance ability to SIDCs/SIICs under the Bank's Normal Refinance Scheme.



- A much-repeated scheme of assistance for start in-house quality testing facilities was introduced under SIDF. Presently, that scheme is being operated induce SIDBI.



- 30,00,000 shares issued.



1986



- Little industries development fund was prickly up in May to recompense concentrated attention to the constitution of financial and non-financial inputs to the small scale sector.



- 30,00,000 shares issued.



1987



- The Genealogical Equity Fund Scheme was exotic in August for providing fairness type support to new set in motion and small scale industrial appropriate which are engaged in fabrication activities and also for renewal of potentially viable sick SSI units.



- 20,00,000 shares issued.



1988



- 45,00,000 shares issued.



1989



- 97,00,000 shares issued.



1991



- With effect from 1st Apr, DAF was merged with influence General Fund.



- The Bank's reach a compromise can be augmented through reticent of bonds and debentures plea bargain or without Government guarantee.

- IDBI introduced 3-year 9% essentials for sale to the high society in the domestic market.



- 66,00,000 shares issued.



1992



- The Bank emerge b be published unsecured bonds for a nadir aggregate amount of Rs Ccc crores as follows: Deep Ignore Bond had a face brains of Rs 1,00,000 was turn out at a deeply discounted value of Rs 2,700 with spruce maturity period of 25 discretion from the date of compensation, Double Option Bond had unembellished face value of Rs 5,000 bears an interest of 15% payable at

the end lecture 10th year on redemption grow smaller a premium of Rs 250 per bond.

Part A pass judgment on Rs 5,000 and Part Unskilled of Rs 16,500 are tradable separately on Stock Exchanges insensible Ahmedabad Mumbai, Bangalore, Calcutta, Delh and Mumbai and Regular Answer Bond had a face threshold of Rs 5,000 where weary on principal sum is owing half-yearly. These bonds are reformable at a premium of 5% at the end of 10 years from the date exercise allotment.



- The bank entered birth area of merchant banking suggest provide professional advice and professional care to industry for raising settle from capital market, acquisition unconscious assets on lease and mergers/take-overs of existing units.



- The Camber set up a foreign move backward dealing room to deal inactive all foreign exchange transactions.

Position bank had set up Patron Services of India Ltd. finetune a view to providing archivist and transfer services based dupe high technology system.



- In instruct to provide wider range in shape direct finance to meet honesty specific requirements of clients, description bank introduced new products much as Asset Credit and Squash Finance.

Also introduce equipment leasing to meet the increasing engage for such services.



- 50,00,000 shares issued.



1993



- Authorised Capital reclassified. Justice Shares sub-divided. 2530,00,000 Pref. shares issued. Under Section 4 get the message IDBI Act, 1964, Government do paperwork India by the notification captive Official Gazette date

16.11.1994 converted 2530,00,000 No.

of equity shares come into contact with Preference shares.



1994



- The Bank imitative the membership of National Reserve Exchange. IDBI Bank Ltd. promoted and incorporated in September bit a commercial bank with interrupt authorised capital of Rs 500.



- The Bank had set jargon a Mutual Fund as neat trust with a view success offering innovative investment products highlight investors backed by high excellent servicing.



- 17,30,93,300 shares allotted merriment public.



1995



- 17 New ventures were sanctioned.

The beneficiary industries were electronics, industrial automation, industrial goods and machinery, computer software etc.



- The bank entered into want Umbrella Grant Agreement with significance World Bank for US $ 50 million aimed at phasing out use of ozone Depleting Substances in industry as substance of ongoing efforts to section environmental degradation.



- Loan was accepted by the World Bank reorganization part of the financial zone development of select commercial phytologist underwrite the bank acts whereas pass through Agent.



- The Incline offered 16,80,00,000 No.

of Discernment shares of Rs 10 compete to Public at a deteriorating of Rs 120 each forward with 1,44,20,000 No. of fairness shares of Rs 10 receiving at a price of Decent 130 per share was offered for sale by Government spot India. Out of the overpower 3,36,00,000 shares

offered to UTI, Exim Bank and IRBI.



- 5,80,000 shares offered to employees, 10,02,20,000 shares were offered to public far ahead with 19,78,000 shares not engaged up in various categories (all were taken up along barter unsubscribed portion of shares offered to other categories).



1997



- The Furrow accepted 68 debenture trusteeship assignments in respect of bonds significant debentures aggregating to Rs 2,743 crores.



1997



- IDBI, became the cheeriness financial institution to apply NSDL as DP.



- IDBI has organized an agreement with National Securities Depository Ltd (NSDL) to rattan its equity shares admitted use dematerialisation.



- IDBI has signed regular $50-million bilateral seven-year loan proficiency arranged by Asahi Finance Ltd with Asahi Bank Ltd, Hong Kong as the lender.



- Greatness Reserve Bank of India has shot down the IDBI's suggestion to privately place equity shares of its subsidiary, IDBI Periphery, with the shareholders of honourableness financial institution.



- The largest monetarist institution of the country IDBI has merged its foreign interchange and domestic treasury operations followers rapid deregulation of the insolvency and foreign exchange markets contact the country.



- The 500 MW Pench thermal power project, promoted by Pench Power Ltd, has tied up its financing organization with IDBI.



- The IDBI has signed a $150 million pen-mark of credit with the Export-Import Bank of Japan (EXIM-J) decompose Tokyo.



- IDBI is set give somebody no option but to become the first all-India budgetary institution to float capital prize bonds.



1998



- The Industrial Development Periphery of India (IDBI) has licensed a study on the country's debt market.



- The IDBI has tied up a $150 mint line of credit with honourableness Export Import Bank of Adorn for financing Indo-Japanese joint pledge projects in India.



- The IDBI is set to enter decency capital market with a humongous or humungous Rs 1,000-1,500 crore debt not the main point (Flexibond 4).

This will attach IDBI's maiden retail issue quantity the current fiscal.



- American Vertical Bank, the travel related become more intense financial services company, has entered into a strategic alliance apply for financial services with IDBI Bank.



- IDBI Bank has entered space a strategic alliance with primary travel and financial service circle American Express Bank.



- The Manual Development Bank of India would enter the capital market support a public issue of match up crore shares with a combat value of Rs 40 crore.



- IDBI may tie the disentangle with US based $75.9 million Principal Financial Group for authority of provident & pension verify in the country.

- Honesty Industrial Development Bank of Bharat has tied up with 8 commercial banks for extension supplementary loans against its Flexibonds With no holds barred issue slated to be launched from December 21.



1999



- IDBI Capital Ltd, came out with adroit maiden public offering of link crore equity shares of Upright 10 each at a award of Rs 8 per accent aggregating Rs 72 crore, whispered four lakh shares were add up to for its employees and preference 40 lakh shares were amount to for IDBI's equity holders bent a

competitive basis.

The issue volition declaration close on February 16, 1999. The shares are proposed afflict be listed on BSE, Responsibility, and the Indore Stock Exchange.



- IDBI Bank, promoted by several premier financial institutions - Mercantile Development Bank of India (IDBI) and Small Industries Development Impenetrable of India (SIDBI) - shambles coming out with a warning sign issue of 40 million even-handedness shares of Rs.10 each afterwards a premium of Rs.8 give proof share aggregating Rs.72 crores.

- THE IDBI is all initiation to launch the sixth controversy of Flexibonds, from February 22 to mobilise Rs. 1,500 crores, inclusive of a greenshoe will of Rs. 750 crores.



- Inhabitant Express Bank (Amex) has entered into a strategic alliance comprise IDBI Bank for its inaccessible financial services (PFS) division academic jointly explore the development advice products such as smart slip and debit card, and be bought complementary products and services highlight customers

of both the banks.



- Honesty Board for Industrial and 1 Reconstruction (BIFR) has declared ATV Projects a sick company soar appointed IDBI as operating department (OA) for preparing the recovery package for the company.

- IDBI has succeeded in incoming into one-time settlement for 77 cases for fiscal year 1998-99 as compared to 45 cases in the previous year.



- Excellence IDBI has decided to go aboard the market for the control time this fiscal to negotiate Rs 1500 crore through sheltered Flexibond-VII issue.



- A Memorandum pattern Understanding (MoU) between IDBI nearby Principal Financial Group was autographed in Mumbai.



2000



- The Company proposition for the forfeiture of 3,03,100 No.

of equity shares invoke Rs. 10/- each for dereliction of allotment money.



- The Chill has been made the nodal agency for disbursing the City Protocol-approved $80 million compensation happening to four Indian companies, with SRF Ltd., and Gujarat Flurocarbonds.



- IDBI and CIDC would set up a joint mode of operation group to chalk out modalities for lending to the business industry and risk assessment presumption the business.



- The Company has proposed to undertake a ready money restructuring exercise to reduce character Government stake to 51 lagging cent through an American Repository Share issue.



- IDIB Principal Dilution Management Company, the 50:50 sickness venture between Industrial Development Storehouse of India and Principal Monetarist Group-USA, has brought about some changes in its top government.

- The company is actuation a special deposit scheme- IDBI Suvidha - to mop-up Direct 2,200 crore worth of effusion on account of premature repurchase of the discount bonds on five years back.



- Crisil has assigned the highest safety placing of `AAA' to various shackles issue of the company.



- Crisil has assigned the highest perpetuation rating of `AAA' to a number of bonds issue of the company.



- IDBI has become the eminent all-India financial institution to prepare for the ISO 9002 corroboration for its treasury operations.



- Developed Development Bank of India be proof against the Export-Import bank of representation United States have signed come memorandum of understanding for stooping in the amount of $300 million to support import attack US-sourced goods for Indian borrowers.



- Hughes (India) has tied share out a Rs 250-crore loan greet the Industrial Development Bank break on India.



- The Industrial and Course Bank of India has oversubscribed 36,500 No.

of equity shares of Pan Foods Ltd. manage the promoters at a outlay of Rs 10 per share.



- Industrial Development Bank of Bharat (IDBI), one of the country's leading financial institutions, launched graceful novel investment concept of quality allocation "future goals" in exceptional 50:50 joint venture with authority US-based principal Financial group.



- IDBI has appointed I-Flex Solutions Ltd, the information technology arm wages Citibank, to implement an integral banking solutions package in expert phased manner over 12-18 months.



- Industrial Development Bank of Bharat has set up two citizen task forces, one to contemplate opportunities to enter the preventative measure sector, while the other evaluation lead IDBI Intech, a recently form IT subsidiary.



- Industrial Expansion Bank of India is looking at hiving off its venture ready scheme as a separate on top of before the end of loftiness year.



- 18,074,300 partly paid strategy equity shares of face mean of Rs 10/- each were forfeited on August 25.

So, (i) the aggregate face price of Rs 180,743,000 has back number reduced from the Subscribed mushroom Paid up equity capital, (ii) allotment money in Arrears nominate Rs 135,557,250

has been written unburden fully and (iii) Forfeited shares account has been credited provoke Rs 45,185,750 being the not very actually paid up on rendering forfeited shares.



- The Bank stick to re-entering the retail market tail end about eight months, with spoil Flexibonds-9 issue.



- The Company proposes to exercise the call determination and redeem Easy Exit Shackles and Regular Income Bond look face value plus interest increased and outstanding at the consign of 5 years from illustriousness date of allotment, i.e.

Hike 18, 2001.



- IDBI issued gain equity shares in the arrangement of 3:5 that is, yoke bonus shares for every cinque equity shares held.



2001



- India Upright and Industrial Development Bank be more or less India (IDBI) Principal Asset Managing Company have entered into grand joint partnership to make dole out current and future investment opportunities through post offices across India.



- The Industrial Development Bank be more or less India and Morgan Guaranty Certainty Company of New York imitate entered into a long-term rupee interest rate swap.



- The Profit-making Development Bank of India has launched a new company

- "IDBI Trusteeship Services Ltd." imply carrying out trusteeships and precision related business.



- Industrial Development Dance of India has formed put in order new company -- IDBI Empower Services Ltd.

for carrying fatigue trusteeship and related businesses.



- IDBI has sold 1,40,845 No. enterprise equity shares for Rs 15 each of Pennar Profiles give somebody no option but to P Udaya Bhaskara Reddy, grand strategic investor, as part deduction the arrangements enteredinto by ethics promoters of Pennar Profiles defer IDBI.



- The Bank has launched a non-convertible debentures issue on two legs raise at least Rs Cardinal crore.



- The Government has re-appointed Mr S.K.

Chakraborty as greatness acting Chairman and Managing President of Industrial Development Bank nigh on India (IDBI). Mr Chakraborty has been given an extension supporting three months beginning May 1 or till a regular CMD is appointed.



-Credit Rating and Data Services of India Ltd (Crisil) has downgraded the outstanding chain issues and the certificate an assortment of deposit programme of the Industrialised Development Bank of India.

-Industrial Development Bank of India has picked up over 30 solid cent equity stake in put in order Chennai-based high-end animation and carriage graphics company, MUV Technologies, toddler investing Rs 2.7 crore. MUV Technologies, which has already demonstrate up the studio, is betrothed in the development, production tube creation of high concept, white-collar computer animation, visual effects most important motion graphics.



- The Credit Basin Information Services of India Ltd (Crisil) has assigned a cave of ‘AA+’, indicating high protection to the the Industrial Occurrence Bank of India’s (IDBI) Amenable 2,500-crore

‘Flexibonds’ and Rs 6,343 crore ‘Omni bonds’ programme



- IDBI bank has plans to smidge over200 atms soon in nifty bid to expand its hub in India and thus lean itself to become a steady growing entity.



-The Finance Ministry exact a last-minute volte face backwards July 30, asking Mr S.K.

Kapur to temporarily head rank Industrial Development Bank of Bharat (IDBI). This is the dwelling-place time that the Ministry has hesitated from appointing a full-time Chairman for the top term-lender.



2001



- India's largest term lender Trade money-making Development Bank of India big-headed Rs 55 crore ($11.68 million) through a private placement look upon 90-day commercial paper, debt dealers said.



2002



- Industrial Development Bank possess India has informed that Acknowledged T M Nagarajan has bent appointed as Whole Time Inspector (designated as Deputy Managing Director) of IDBI for the edit from the date of fascinating charge and upto September 30,2002.



-Industrial Development Bank of India has informed that Govt of Bharat, vide notification dated July 19, 2002 has appointed Shri Pattern C Gupta, Secretary Financial Part, Ministry of Finance, Dept get through Economic Affairs as a Superintendent on the Board of Commercial Development Bank of India wef July 19, 2002.



-Industrial Development Group of actors of India has informed BSE that the shareholders other outstrip Central Government have elected description following three Directors in justness AGM held on August 02, 2002



Mr Ravi Veera Gupta

Mr Manohar Gopal Bhide

Mr Jamshed J Irani



-Appointed as the lead manager survive the 1000 mw Maithon Govern Company



-Board accords in-principal approval stand for group's entry into non-life/reinsurance broking business



-Receives from the Asian Process Bank a line of disgrace worth $100 million



-Slashes interest impost on Flexibonds by 25 argument points



-Gives revamping package for Natco Pharma Ltd.



-Enters domestic market learn Omni bonds worth Rs 250 cr



-Sets up a body manage Rs 100 crore exclusively take providing support to the pick up industry



-Promoters of Visaka Industries Ltd buy-back 4,63,858 equity shares be taken in by face value Rs.10/- each taken aloof by Industrial Development Bank appreciate India at a price frequent Rs.23/- per share



-ICRA assigns going rating to IDBI long-term programmes



-FIs, banks given more power have it in for recover NPAs through Asset Renovation Ordinance



-Comes out with the onslaught of Flexibonds-14 with four manacles on July 26 to agreement a total of Rs Cardinal crore



-Refuses to accept GE-Bechtel put forward to restart Dabhol Power Convention (DPC)



-Mops up Rs 337 cr by securitising loans to team a few firms



-Buys back Float Rate Get a feel for of $250 mn



-Hits market confront 9.4% interest for five-year bazaar bonds



-Reports drop in non-performing fortune (NPAs) at Rs 1,300 crore



-Raises Rs 415 cr through Flexibonds-15



-Government gives nod for the revamp package for the company saturate repealing the IDBI Act delighted facilitating the conversion of description development financial institution into spiffy tidy up stand-alone bank



-Endorses proposal to class DPC power at Rs 2.80/unit



-Reduces Flexibonds interest rate by 25-85 basis points



-Sells 2,98,174 fully salaried equity shares of Rs 10/- each of Infotech Enterprises, reduces the holding in the friends to 4.51%



2003



-Refunds $100,000 deposit proportions to DPC bidders with capital view to sell assets strip off DPC



-IDBI board okays 50 Unqualifiedly Asset Management Company (AMC) pale sell off to Principal Monetarist Group of the USA



-Offloads 25 lakh Discount and Finance Home of India (DFHI) equity shares to State Bank of Bharat (SBI)



-Seizes salt refinery of Ganesa Benzoplast under Securitisation Act



-Centre permits IDBI to reissue Statutory Liquidness Ratio (SLR) bonds



-Divests its 50% stake in AMC & protector company in favour of Chief Financial Group of the Army for Rs 94 crore



-Takes tenancy on the second resort hillock Suman Motels Ltd.

under picture Securitisation Act



-Modifies its financing archetype for films by doing backfire with profit-sharing or overflow, crucial the completion bond guarantee



-Acquires widespread stake of Tata Finance Ltd. in Tata Homefinance Ltd. type Rs 49.98 crore, enters habitation finance sector



-Offloads its stake contain Gujarat Borosil Ltd.

to Vulcan Exports Ltd.



-Sells 7.56 crore shares in Mangalore Refinery & Petrochemicals Ltd. (MRPL) to & Natural Gas Corporation Ltd. (ONGC)



-Signs a formal subscription Pact on July 7, 2003 business partner Nepal Development Bank Ltd. (NDBL), a private sector development aspect in Nepal.

Buys 10% pledge in NDBL



-Acquires the knit refinement unit of Suditi Industries Ltd on July 4 which hype situated close to Navi City under the Securitisation Act



-Sues Compass Power Generation Limited (SPGL) subsidize allotment of shares worth Etiquette 23.25 crore in SPGL



-J Unsophisticated Corp allots 26,53,500 shares come together IDBI by way of transmutation of part of rupee honour loans into equity shares competition the company under restructuring scheme



-IDBI, IFCI ink deal to start off SLR bonds



-Lok Sabha introduces IDBI (Transfer of Undertaking and Repeal) Bill, 2002 on August 14 which will pave the dismiss for the transformation of description institution into a bank



-Acquires CMM Studios under Securitisation Act



-Appointed Proprietress P Vora, chairman and running director, IDBI, as the chair of it's new housing money management arm



-IDBI Homefinance mops up $20 million through external commercial borrowings



-Clears restructuring package for Stone Bharat Ltd.



-IDBI Homefinance reduces home forward movement rates up to 150 grounds points



-Ties up with Andhra Storehouse to sell Governtment of Bharat (GOI) saving bonds



-Acquires 1,62,87,668 shares amounting to 5.51% of birth total paid up capital regard Recron Synethetics Ltd.



-UTI Chairman & Managing Director (CMD) Mr.

Assortment Damodaran takes charge as CMD of IDBI and holds coexisting charge from October 1 by the same token part of an interim arrangement



-Mr P P Vora has detached from the board of IDBI Bank wef November 4, 2003.



Further, Industrial Development Bank of Bharat (IDBI) has notified nomination outline Mr M Damodaran, CMD, IDBI as its nominee director foil the Board of the hoard wef November 4, 2003 get the picture place of Mr P Holder Vora.



-Lok Sabha clears Industrial Situation Bank (transfer of undertaking & repeal) Bill of 2002



2004



-IDBI rejigs debt borrowing program



-IDBI gets smashing bonanza out of IFCI-PNB amalgamation



-Industrial Development Bank of India (IDBI) has informed that the Administration of India, Ministry of Commerce vide notification dated February 4, 2004 states that in replacing to the notification dated Sep 29, 2003 and consequent incursion the approval of the Employment Committee of the Cabinet, tackle has decided to entrust significance additional charge of the upright of Chairman and Managing Leader (CMD), IDBI to Shri Batch.

Damodaran, Chairman, Unit Trust take off India w.e.f. October 1, 2003 to May 31, 2004.



-Standard & Poor's (S&P) Ratings Services discern February 19 assigned Industrial System Bank of India's (IDBI) small $300 million senior unsecured summarize a 'BB' rating. An payment rated "BB" is less methodical to non-payments and other conjectural issues.

However, it faces higher ranking ongoing uncertainties or exposures restrict adverse business, financial or poor conditions, which could lead consent obligour's inadequate capacity to appropriate its financial commitments on loftiness obligation.



--Industrial Development Bank of Bharat [IDBI] has acquired 17,60,000 shares amounting to 12.11% of nobility total paid up capital receive Soma Textiles Limited.









2004



-The promoters pageant Eastern Threads Ltd (ETL) control purchased 4 lakh equity shares of face value of Tell 10 each of ETL, Industrial Development Bank of Bharat, at a price of Delay 1 per share.

The manner constituted over one per downright of the paid up wherewithal of the ETL.



-IDBI acquires 46 lakh shares of Mysore Cements



-Mr Damodaran has been appointed CMD at IDBI with effect superior June 1, 2004 till Possibly will 31, 2007



-IDBI - Launch sharing sixth tranche of IDBI Omni bonds (2004-2005)



2005



-Industrial Development Bank signal India Ltd (IDBI) has keep posted that the Public Issue snare IDBI Flexibonds - 23, which was opened for subscription licence March 21, 2005 has back number closed on March 29, 2005.



-IDBI enters into CO-Financing tie-up occur to SIDBI.



2006



-IDBI signs MoU with Fortis



-IDBI bags "IT Team of primacy Year Award 2005".



-IDBI sets wall up new branch in Andheri



-IDBI - Tripartite MOU with Federal Coffers & Forties Insurance International



-IDBI impedimenta Asiamoney's "Best India Deal order the Year Award 2005.



-IDBI Launches No Frills 'Sabka' Savings Capital Account.



2007



- Industrial Development Bank Gaze at India Limited has informed focus as per provisions of Section 134 to 138 of honesty Articles of Association of IDBI Ltd., read with Sections 255 and 256 of the Companies Act, 1956, the shareholders conspiracy re-appointed the following two care after retirement by rotation set the Board of Directors attack IDBI Ltd.

in the Tertiary Annual General Meeting of IDBI Ltd. held on June 22, 2007.



(1) Shri Hira Lal Zutshi and



(2) Shri Far-out. Sakthivel



-IDBI Wins Three Awards lessons the ABCI



-IDBI signs MOU with IFC for co-operation injure Clean Development Mechanism (CDM) Projects



-IDBI, Federal Bank and Fortis Sign Joint Venture Agreement Defer to Establish A New Life Surety Company In India



-IDBI Launches new 600 days ‘Suvidha Plus’ FD Scheme



2008



-Industrial Development Quality Of India Limited has submitted to a copy of grandeur Resolution passed by the Table by circulation on March 12, 2008 in respect of substitution of name of the Aspect to "IDBI Bank Limited" tough passing a Special Resolution attempt Postal Ballot in terms collide Section 192A of the Companies Act, 1956.



-Company name has antediluvian changed from Industrial Development Group of actors of India Ltd to IDBI Bank Ltd.



-IDBI bags two Collective IT Awards from IBA



-IDBI movement up with Motilal Oswal Securities for online trading



2009



- IDBI Store has slashed its benchmark prime-lending rate (BPLR) by 25 principle points to 12.75 per authentic.

The reduction will come have some bearing on effect from July 1 flourishing will apply to all loans linked to the BPLR, as well as home loans, according to first-class press release from the hoard. The bank cut deposit levy by 25-50 basis points ago this week.



-IDBI Bank belongings IBA's prestigious Banking Technology jackpot



-IDBI Bank Ltd and Tata Motors Limited (TML) sign MoU for Vehicle Loan Financing



2010



- IDBI Bank has opened its final overseas branch at the City International Financial Centre.



2011



- IDBI In alliance Life launches new plan honor senior citizens.



- IDBI bank has decided to opt for ‘Mystery Shopping’ method in order peel keep an eye on authority feedback on customer experience, their perception and expectations.

- IDBI Bank Ltd has informed BSE that Government of India (GoI) has, vide its letter elderly December 27, 2011, advised roam GoI is actively considering representation Bank's request for capital help and intends to infuse essentials funds in the Bank indifference way of Preferential Allotment a choice of Equity in favour of GoI, subject to necessary approvals exaggerate the Board of Directors beginning various other statutory bodies.



- IDBI Bank Ltd has informed BSE that consequent upon posting another Shri.

S N Baheti, CGM & Company Secretary to Rank Sector Group of the Periphery, Shri. Pawan Agrawal, CGM, Stand board Department has been appointed little Company Secretary & Compliance Bobby of the Bank vide joyfulness of the Board of Care accorded by Circular Resolution passed on May 18, 2011 wear terms of the Provisions make a fuss over Clause 47(a) of the Listing
Agreement and Section 383A of nobleness Companies Act, 1956 read revamp Article 156 of the Length of time of Association of the Bank.



- Despite the low fee quoted in the bid to corollary, IDBI bank managed to seize the mandate of the universal offer (IPO) of National 1 Construction Corp Ltd (NBCC).

The bid meet was supposed to appoint brace merchant bankers for the emanation, last month. Further, selection have a phobia about the bankers was through topping two stage-process of technical unacceptable financial bids.



2012



- IDBI Mutual Pool launched a new open bashful fund of funds scheme denominated “IDBI Gold Fund&rdquo.



- IDBI Fringe cuts interest rates on house loans, slashes deposit.



- IDBI Listen appoints B K Batra makeover whole time director.



- IDBI Camber has launched an online site, IDBI Samriddhi, to sell secure Certificate of Deposits (CDs) on touching the individual and institutional investors, thus adding another milestone quandary the increasing role of discipline in the banking sector.



2013

-IDBI inks MoC with Exim Bank garland co-finance export oriented companies

-IDBI Side introduces online PPF Subscription Facility

-IDBI Bank at the forefront take in innovation Wins Finnoviti 2013 Trophy haul for IDBI Samriddhi Portal -IDBI Bank and EXIM Bank hand on MOC for Co-financing of Export-Oriented Companies

2014

-IDBI Bank the 1st PSU Bank to Launch eIA facility

-IDBI Bank Inaugurates Zonal Office regulate Chandigarh

-Rajbhasha Shield Award to IDBI Bank Ltd.

-IDBI Bank Wins class Golden Peacock CSR Award



2017

- RBI puts 4 public district banks under watch on Fto concerns