IDBI Group

Hii sir, I Wants to get the Information About the IDBI Group Will you Please Provide It ?

[pawan]

IDBI Bank is a pioneer Institution in Nation building. To cater to its ever-expanding needs, IDBI Bank has formed subsidiaries & joint ventures across diverse areas of Banking & Financial System. the names Are as follow

IDBI Asset Management Limited (IAML)
IAML was incorporated on January 25, 2010 and is a subsidiary of IDBI Bank Ltd. IAML is the investment manager of schemes launched by IDBI Mutual Fund (The Fund.

IDBI MF Trustee Company Limited (IMTCL)
IMTCL, a wholly owned subsidiary of IDBI Bank, was incorporated on January 25, 2010. The company acts as the Trustee of IDBI Mutual Fund.

As per SEBI Mutual Fund Regulation 1996, the Trustees ensure that all the activities of the Mutual Fund are carried out within the regulatory frame work.

IDBI Trusteeship Services Ltd (ITSL)
ITSL was incorporated on March 8, 2001 for carrying out trusteeship and other related business. Consequent to acquisition of additional 14.92% shares of ITSL on October 01, 2011, IDBI Banks shareholding in ITSL increased from 39.78% to 54.70% and it has became a subsidiary of IDBI Bank.


IDBI Federal Life Insurance Company Limited (IDBI Federal)
IDBI Federal is a Joint Venture Life Insurance Company of IDBI Bank Ltd., The Federal Bank Ltd. and Ageas Insurance International (Ageas).

The Companys life insurance business comprises individual life and pension and group life, including non-participating, health and linked segments.