sector: Financials ·
industry: Banks ·
As of
12:36pm IST
126.30INR
IDBI Bank Limited (the Bank), formerly Industrial Development Bank of India, is an India-based commercial bank. The Bank offers an array of corporate banking products under various segments, such as Deposits, Cash Management, Central and State Government agency business (both direct and indirect taxes), Trade Finance and Treasury Products. The Bank operates in four segments: Wholesale Banking, Retail Banking, Treasury Services and Other Banking Operations. IDBI Capital Market Services Limited is a wholly owned subsidiary of the Bank. Its businesses include primary dealing, stock brokering, distribution of financial products, merchant banking, debt arranging and underwriting, portfolio management and research services. IDBI Gilts Limited, a wholly owned subsidiary of the Bank undertakes primary dealer business. IDBI Fortis Life Insurance Company Limited is a joint venture of the Bank, Federal Bank Limited and Fortis Insurance International.
BRIEF: For the fiscal year ended 31 March 2009, IDBI Bank Limited's interest income increased 43% to RS118.37B. Net interest income after LLP totaled RS8.6B, up from RS1.04B. Net income increased 3% to RS7.67B. Net interest income reflects an increase in income from interest and investment. Net income was partially offset by an increase in staff cost, higher rental expense, rise in repairs & maintenance and an increase in insurance expense.
IDBI Bank Limited
IDBI Tower WTC Complex
Cuffe Parade
Mumbai 400005
P: +9122.66553355
F: +9122.22181294