About IDBI Bank
IDBI Bank is a company based in Mumbai (India) founded in 1964 was acquired by Life Insurance Corporation of India in January 2019. It operates as a Commission-Based, and Subscription Services. The company has 19,730 employees as of March 31, 2024. IDBI Bank offers products and services including Savings Account, Home Loan, and Credit Cards. IDBI Bank operates in a competitive market with competitors including Axis Bank, HDFC Bank, Bandhan Bank, RBL Bank and Yes Bank, among others.
- Headquarter Mumbai, India
- Employees 19730 as on 31 Mar, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Idbi Bank Limited
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Annual Revenue
$3.99 B (USD)12.76as on Mar 31, 2024
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Net Profit
$891.47 M (USD)31.84as on Mar 31, 2024
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EBITDA
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Latest Funding Round
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Investors
Yes Bank
& 7 more
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Employee Count
19730
as on Mar 31, 2024
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Acquired by
Life Insurance Corporation of India
(Jan 01, 2019)
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IPO & Listings of IDBI Bank
IDBI Bank is a publicly listed company on the NSE with ticker symbol IDBI in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of IDBI Bank
IDBI Bank offers a comprehensive portfolio of products and services, including Savings Account, Home Loan, and Credit Cards. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Basic savings accounts are offered for personal use.
Home loans are provided for property purchase needs.
Credit cards are issued for personal spending convenience.
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Funding Insights of IDBI Bank
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - IDBI Bank | Valuation |
investors |
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| Dec, 2020 | Amount | Post-IPO - IDBI Bank | Valuation |
investors |
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| Aug, 2020 | Amount | Post-IPO - IDBI Bank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in IDBI Bank
IDBI Bank has secured backing from 8 investors, including institutional investors. Prominent investors backing the company include Yes Bank, Axis Bank and IDBI Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Commercial banking and financial services are provided to diverse clients.
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Founded Year | Domain | Location | |
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Provider of a commercial banking services
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Founded Year | Domain | Location | |
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Commercial banking services are offered to individuals and corporates.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by IDBI Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - IDBI Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Idbi Bank Comparisons
Competitors of IDBI Bank
IDBI Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Axis Bank, HDFC Bank, Bandhan Bank, RBL Bank and Yes Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of a commercial banking services
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| domain | founded_year | HQ Location |
Commercial and personal banking services are offered by HDFC Bank.
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| domain | founded_year | HQ Location |
Personal and business banking services are offered to underbanked markets.
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| domain | founded_year | HQ Location |
Commercial banking services for personal and business needs are provided.
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| domain | founded_year | HQ Location |
Commercial banking services are offered to individuals and businesses.
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| domain | founded_year | HQ Location |
Commercial banking services are offered to corporate and retail customers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Idbi Bank
Frequently Asked Questions about IDBI Bank
When was IDBI Bank founded?
IDBI Bank was founded in 1964 and raised its 1st funding round 54 years after it was founded.
Where is IDBI Bank located?
IDBI Bank is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
How many employees does IDBI Bank have?
As of Mar 31, 2024, the latest employee count at IDBI Bank is 19,730.
What is the annual revenue of IDBI Bank?
Annual revenue of IDBI Bank is $3.99B as on Mar 31, 2024.
What does IDBI Bank do?
IDBI Bank is involved in offering a wide range of banking and financial services across personal, corporate, MSME, and agricultural sectors. Various accounts such as savings, fixed deposits, and salary accounts are provided. Loans including home, auto, and personal loans are facilitated. Card services encompassing credit, debit, and prepaid cards are also offered. The bank supports digital banking through internet and mobile platforms. Investment products and third-party distributions are managed for customer needs. Operations are extended to NRI and preferred banking segments.
Who are the top competitors of IDBI Bank?
What products or services does IDBI Bank offer?
IDBI Bank offers Savings Account, Home Loan, and Credit Cards.
Is IDBI Bank publicly traded?
Yes, IDBI Bank is publicly traded on NSE under the ticker symbol IDBI.
Who are IDBI Bank's investors?
IDBI Bank has 8 investors. Key investors include Yes Bank, Axis Bank, IDBI Bank, ICICI Bank, and State Bank of India.
What is IDBI Bank's ticker symbol?
The ticker symbol of IDBI Bank is IDBI on NSE.