IDBI Bank

0 standards supported

Key details

Parent: assets

Overview

IDBI Bank is BSE: 500116 + NSE: IDBI + LIC Life Insurance Corporation of India ~49.24% controlling post-Jan 21 2019 acquisition + Government of India ~45.48% + one of India's largest commercial banks by assets + ~50M+ Indian customers [1, in-cro].

History

Jul 1 1964 — Industrial Development Bank of India IDBI founded as Indian state-owned development bank distinctive Indian banking heritage.

2004 — IDBI corporate restructuring as commercial bank.

Apr 2 2005 — IDBI Bank merger consolidates IDBI commercial banking operations.

2013 — IDBI Bank Go Mobile banking app launch.

Jan 21 2019 — LIC Life Insurance Corporation of India acquires ~49.24% controlling stake in IDBI Bank distinctive Indian banking acquisition.

Ownership & operator

Operating entity: IDBI Bank Limited (Indian commercial bank; BSE: 500116 + NSE: IDBI).

Major shareholders: LIC Life Insurance Corporation of India ~49.24% controlling + Government of India (Ministry of Finance) ~45.48% + Indian retail + institutional + foreign investors free float ~5.28%.

Regulators: RBI + IRDAI (LIC oversight).

Technical integration

IDBI Bank Go Mobile app (iOS + Android; ~50M+ Indian customers) + idbibank.in online + IDBI Bank branch network across India + IDBI Visa + Mastercard + RuPay cards; UPI + BharatQR + IMPS + RuPay.

Implementations & partners

Major Indian banking + payments competitors: [[sbi-yono]] (SBI YONO State Bank of India; BSE: 500112 + NSE: SBIN; India's largest commercial bank by assets) + [[hdfc-bank]] (HDFC Bank; BSE: 500180 + NSE: HDFCBANK; India's largest private commercial bank by assets) + [[icici-bank]] (ICICI iMobile Bank; BSE: 532174 + NSE: ICICIBANK) + [[axis-bank]] (Axis Bank; BSE: 532215 + NSE: AXISBANK) + [[kotak-mahindra]] (Kotak Mahindra Bank; BSE: 500247 + NSE: KOTAKBANK) + [[pnb-india]] (PNB Punjab National Bank; BSE: 532461 + NSE: PNB; Indian state-owned commercial bank) + [[canara-bank]] (Canara Bank; BSE: 532483 + NSE: CANBK) + [[bank-of-baroda]] (Bank of Baroda; BSE: 532134 + NSE: BANKBARODA) + [[union-bank-india]] (Union Bank of India; BSE: 532477 + NSE: UNIONBANK) + [[phonepe]] (PhonePe; Walmart Flipkart subsidiary; India's largest UPI wallet by transactions) + [[google-pay-india]] (Google Pay India; India's #2 UPI wallet by transactions) + [[paytm]] (Paytm; BSE: 543396 + NSE: PAYTM; Indian super-app wallet).

Regulator: RBI + IRDAI.

Status

Active, BSE:500116 + NSE:IDBI + LIC Life Insurance Corporation of India ~49.24% controlling post-Jan 21 2019 acquisition + Government of India ~45.48% + one of India's largest commercial banks by assets + ~50M+ Indian customers [1, 2].

Sources

1 IDBI Bank — official
2 IDBI Bank — Wikipedia
in-cro In-corpus: reports/countries/IN-india.md

Source

Biography extracted from idbi-bank.md. See matrix.md for standards-support matrix if present.