Functions Of IDBI

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IDBI Bank is an Indian government-owned financial service company, headquartered in Mumbai, India.

The main functions of IDBI are as follows:

(i) To provide financial assistance to industrial enterprises.

(ii) To promote institutions engaged in industrial development.

(iii) To provide technical and administrative assistance for promotion management or expansion of industry.

(iv) To undertake market and investment research and surveys in connection with development of industry.

Functions Of IDBI Bank






Bank profile:
Type
Government-owned bank
Traded as BSE: 500116
NSE: IDBI
Industry Banking, Financial services
Predecessor IDBI
Founded 1 July 1964, 52 years ago
Headquarters Mumbai India
Key people
Mahesh Kumar Jain(Managing Director & CEO)
Products consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management, Agriculture Loan
Revenue 28,043.10 crore (US$4.4 billion) (2016)
Operating income
5,370 crore (US$840 million) (2016)
Net income
-3,664.80 crore (US$−570 million) (2016)
Total assets 374,372.12 crore (US$58 billion) (2016)
Number of employees
17,570 (March 2016)
Capital ratio 11.76% (2016)