Product Details
Relationship Banking
Mumbai
A Quality Product from
IDBI BANK LTD. [View Profile]
Mumbai - India
Description :
Preferred Banking ushers in a new era in Relationship Banking. From your most basic banking requirement to the complex financial needs, you can always count on your skilled Relationship Manager.
To extend the benefits further, we offer relationship pricing on all banking transactions to help you save while you relax in the luxury of Exclusive Preferred banking zones at designated branches.
To ensure the same high standards of service, every time, a priority back office cell will strive to respond to all your queries and requirements.
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IDBI BANK LTD. deals in :
IDBI, the tenth largest development bank in the world has promoted world class institutions in India. A few of such institutions built by IDBI are The National Stock Exchange (NSE), The National Securities Depository Services Ltd.(NSDL), Stock Holding Corporation of India (SHCIL) etc. IDBI is a strategic investor in a plethora of institutions which have revolutionized the Indian Financial Markets. IDBI promoted idbi bank to mark the formal foray of the IDBI Group into commercial Banking. This initiative has blossomed into a major success story. idbi bank, which began with an equity capital base of Rs.1000 million (Rs.800 million contributed by IDBI and Rs.200 million by SIDBI), commenced its first branch at Indore in November 1995. Thereafter in less than seven years the bank has attained a frontranking position in the Indian Banking Industry. idbi bank successfully completed its public issue in February 99 which led to its paid-up capital expanding to Rs.1400 million. The promoters holding consequent to this public issue stood reduced to 71% with IDBI holding 57% and SIDBI 14% of the paid up capital of IDBI Bank. This is in line with the requirement of RBI which stipulates that eventually the promoters holding should be brought down to 40%.
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