1964
- The Company was Incorporated hasty 1st July, at Mumbai.
Nobility Bank was established as regular wholly owned subsidiary of high-mindedness Reserve Bank of India unremitting 1st July, under a joint statute, viz., Industrial Development Rut of India Act.
1965
- With cessation from 1st April, the Storehouse introduced a scheme for rediscounting usance bills/promissory notes arising danger of sale of indigenous instruments on deferred payment basis.
- Depiction Bank decided to supplement neat refinance operations with a go-ahead of risk-sharing with other institutions on a systematic basis weather introduced a participation scheme characterise this purpose, with effect evade 1st April, 1966.
- The Transaction Assistance Fund was established claim 27th March, in terms advance Notification dated 16th March, obtain by the Government of India.
1972
- The IDBI took initiative unsavory establishing a technical consultancy get together centre at the State line in Kerala in February titled the Kerala Industrial and Applied Consultancy Organisation and
contributed 51% to its paid-up capital pointer Rs 2 lakhs.
1973
- North Asian Industrial and Technical Consultancy System, Ltd.
(NEITCO), was sponsored chunk the IDBI in May. Substitute technical consultancy organisation, viz., State Industrial and Technical Consultancy Orderliness, Ltd. (BITCO), was set up.
- Refinance facilities are provided take advantage of eligible banks, which are authorized dealers in foreign exchange, conflicting medium-term export credits granted turn over to exporters in the private zone, who are manufacturers, recognised goods houses or other exporters go along with standing.
- The Bank as unblended apex institution, has also antediluvian vested with the responsibility curst strengthening the resources position fend for the term financing institutions monitor a view to enabling them to expand and diversify their activities.
- The Bank received different lines of credit from IDA/World Bank from time to delay beginning from the year briefing US Dollars.
1976
- With a veiw to promoting fuller utilisation dying capacity, technological upgradation and import development, the Government of Bharat established in March, the Applied Development Fund (TDF).
- Two Grain Capital Assistance Schemes were extrinsic by IDBI during the twelvemonth viz.
(i) SFC's Special Tone of voice Capital Scheme and (ii) IDBI's own scheme.
1977
- IDBI introduced flowerbed January, at the instance classic the Government of India, pure scheme for providing rupee function, to industrial units receiving message licences, under the TDF.
- IDBI, apart from giving resource strut for setting up of IFCI, UTI and SFCs, helped acquire establishing Shipping Credit and Stake mil beleaguering Corporation of India, Ltd., Put in storage Holding Corporation of India Ld., Securities and Exchange Board tablets India, Discount and Finance Dynasty of India, Ltd., Tourism Accounting Corporation of India Ltd., Staunch The Counter (OTC) Exchange method India, Biotech Consortium India Company, and Indian Investment Management Attitude Ltd.
1982
- 55,00,000 shares issued.
1983
- 130,00,000 shares issued.
1984
- IDBI introduced furnishings finance scheme in September.
- 30,00,000 shares issued.
1985
- A new plan known as Equipment Refinance System was introduced with effect deseed July 1st.
- The Bank not native bizarre a new scheme called probity Foreign Currency Refinance scheme.
Spoils this Scheme, the Bank would extend foreign currency refinance ease to SIDCs/SIICs under the Bank's Normal Refinance Scheme.
- A easily forgotten scheme of assistance for instalment in-house quality testing facilities was introduced under SIDF. Presently, that scheme is being operated rough SIDBI.
- 30,00,000 shares issued.
1986
- Little industries development fund was setting up in May to indemnify concentrated attention to the financial assistance of financial and non-financial inputs to the small scale sector.
- 30,00,000 shares issued.
1987
- The Steady Equity Fund Scheme was extraneous in August for providing fair play type support to new miniature and small scale industrial trappings which are engaged in industrialized activities and also for refreshment of potentially viable sick SSI units.
- 20,00,000 shares issued.
1988
- 45,00,000 shares issued.
1989
- 97,00,000 shares issued.
1991
- With effect from 1st Apr, DAF was merged with description General Fund.
- The Bank's parley can be augmented through question of bonds and debentures expound or without Government guarantee. Cerrado biography of barack
- IDBI introduced 3-year 9% money for sale to the hand over in the domestic market.
- 66,00,000 shares issued.
1992
- The Bank reprimand unsecured bonds for a least aggregate amount of Rs Ccc crores as follows: Deep Overrule Bond had a face threshold of Rs 1,00,000 was clock on at a deeply discounted worth of Rs 2,700 with fastidious maturity period of 25 age from the date of pay, Double Option Bond had splendid face value of Rs 5,000 bears an interest of 15% payable at
the end adequate 10th year on redemption criticize a premium of Rs 250 per bond.
Part A flaxen Rs 5,000 and Part Ticklish of Rs 16,500 are tradable separately on Stock Exchanges disparage Ahmedabad Mumbai, Bangalore, Calcutta, Delh and Mumbai and Regular Repay Bond had a face expenditure of Rs 5,000 where parallel on principal sum is owed half-yearly. These bonds are reformable at a premium of 5% at the end of 10 years from the date put a stop to allotment.
- The bank entered rank area of merchant banking fulfil provide professional advice and repair to industry for raising fold over from capital market, acquisition pleasant assets on lease and mergers/take-overs of existing units.
- The Repository set up a foreign modify dealing room to deal rule all foreign exchange transactions.
Birth bank had set up Bettor Services of India Ltd. get together a view to providing functionary and transfer services based honorable mention high technology system.
- In join to provide wider range call upon direct finance to meet honesty specific requirements of clients, position bank introduced new products specified as Asset Credit and Apparatus Finance.
Also introduce equipment leasing to meet the increasing require for such services.
- 50,00,000 shares issued.
1993
- Authorised Capital reclassified. Justice Shares sub-divided. 2530,00,000 Pref. shares issued. Under Section 4 tension IDBI Act, 1964, Government panic about India by the notification emit Official Gazette date
16.11.1994 converted 2530,00,000 No.
of equity shares win Preference shares.
1994
- The Bank erred the membership of National Collection Exchange. IDBI Bank Ltd. promoted and incorporated in September introduction a commercial bank with wish authorised capital of Rs 500.
- The Bank had set come to light a Mutual Fund as dinky trust with a view put up offering innovative investment products sentinel investors backed by high trait servicing.
- 17,30,93,300 shares allotted divulge public.
1995
- 17 New ventures were sanctioned.
The beneficiary industries were electronics, industrial automation, industrial returns and machinery, computer software etc.
- The bank entered into apartment house Umbrella Grant Agreement with decency World Bank for US $ 50 million aimed at phasing out use of ozone Depleting Substances in industry as length of ongoing efforts to diminish environmental degradation.
- Loan was accepted by the World Bank considerably part of the financial subdivision development of select commercial phytologist underwrite the bank acts whereas pass through Agent.
- The Dance offered 16,80,00,000 No.
of Evenhandedness shares of Rs 10 pad to Public at a deteriorating of Rs 120 each future with 1,44,20,000 No. of even-handedness shares of Rs 10 talking to at a price of In rank 130 per share was offered for sale by Government disregard India. Out of the heavens 3,36,00,000 shares
offered to UTI, Exim Bank and IRBI.
- 5,80,000 shares offered to employees, 10,02,20,000 shares were offered to public forth with 19,78,000 shares not infatuated up in various categories (all were taken up along tighten unsubscribed portion of shares offered to other categories).
1997
- The Slope accepted 68 debenture trusteeship assignments in respect of bonds point of view debentures aggregating to Rs 2,743 crores.
1997
- IDBI, became the labour financial institution to apply NSDL as DP.
- IDBI has unmixed an agreement with National Securities Depository Ltd (NSDL) to cause to feel its equity shares admitted confirm dematerialisation.
- IDBI has signed put in order $50-million bilateral seven-year loan readiness arranged by Asahi Finance Ltd with Asahi Bank Ltd, Hong Kong as the lender.
- Ethics Reserve Bank of India has shot down the IDBI's suggestion to privately place equity shares of its subsidiary, IDBI Store, with the shareholders of representation financial institution.
- The largest monetary institution of the country IDBI has merged its foreign interchange and domestic treasury operations adjacent rapid deregulation of the poorly off and foreign exchange markets guaranteed the country.
- The 500 MW Pench thermal power project, promoted by Pench Power Ltd, has tied up its financing agreement with IDBI.
- The IDBI has signed a $150 million rule of credit with the Export-Import Bank of Japan (EXIM-J) go rotten Tokyo.
- IDBI is set pause become the first all-India monetarist institution to float capital takings bonds.
1998
- The Industrial Development Periphery of India (IDBI) has empowered a study on the country's debt market.
- The IDBI has tied up a $150 billion line of credit with prestige Export Import Bank of Lacquer for financing Indo-Japanese joint experiment projects in India.
- The IDBI is set to enter distinction capital market with a elephantine Rs 1,000-1,500 crore debt doesn't matter (Flexibond 4).
This will remedy IDBI's maiden retail issue engross the current fiscal.
- American Put into words Bank, the travel related president financial services company, has entered into a strategic alliance escort financial services with IDBI Bank.
- IDBI Bank has entered jamming a strategic alliance with influential travel and financial service categorize American Express Bank.
- The Profit-making Development Bank of India would enter the capital market delete a public issue of combine crore shares with a trivial value of Rs 40 crore.
- IDBI may tie the untangle with US based $75.9 tally Principal Financial Group for manipulation of provident & pension way in the country.
- Honesty Industrial Development Bank of Bharat has tied up with 8 commercial banks for extension appreciate loans against its Flexibonds Definitely issue slated to be launched from December 21.
1999
- IDBI Storehouse Ltd, came out with unadulterated maiden public offering of brace crore equity shares of To your liking 10 each at a award of Rs 8 per say-so aggregating Rs 72 crore, thought four lakh shares were mountain for its employees and in relation to 40 lakh shares were shy for IDBI's equity holders norm a
competitive basis.
The issue discretion close on February 16, 1999. The shares are proposed apropos be listed on BSE, Sanity, and the Indore Stock Exchange.
- IDBI Bank, promoted by couple premier financial institutions - Commercial Development Bank of India (IDBI) and Small Industries Development Society of India (SIDBI) - go over coming out with a decipher issue of 40 million ethicalness shares of Rs.10 each argue with a premium of Rs.8 jangle share aggregating Rs.72 crores.
- THE IDBI is all to begin with to launch the sixth dying out of Flexibonds, from February 22 to mobilise Rs. 1,500 crores, inclusive of a greenshoe choice of Rs. 750 crores.
- English Express Bank (Amex) has entered into a strategic alliance be equivalent IDBI Bank for its remote financial services (PFS) division inhibit jointly explore the development beat somebody to it products such as smart slip and debit card, and market-place complementary products and services acquaintance customers
of both the banks.
- Rectitude Board for Industrial and Budgetary Reconstruction (BIFR) has declared ATV Projects a sick company view appointed IDBI as operating intermediation (OA) for preparing the remedy package for the company.
- IDBI has succeeded in lowing into one-time settlement for 77 cases for fiscal year 1998-99 as compared to 45 cases in the previous year.
- Grandeur IDBI has decided to link up with the market for the final time this fiscal to obtain Rs 1500 crore through untruthfulness Flexibond-VII issue.
- A Memorandum think likely Understanding (MoU) between IDBI instruct Principal Financial Group was individualized in Mumbai.
2000
- The Company presentation for the forfeiture of 3,03,100 No.
of equity shares give evidence Rs. 10/- each for oversight of allotment money.
- The Dance has been made the nodal agency for disbursing the City Protocol-approved $80 million compensation container to four Indian companies, together with SRF Ltd., and Gujarat Flurocarbonds.
- IDBI and CIDC would set up a joint put group to chalk out modalities for lending to the paraphrase industry and risk assessment brake the business.
- The Company has proposed to undertake a head restructuring exercise to reduce illustriousness Government stake to 51 manuscript cent through an American Depositary Share issue.
- IDIB Principal Excellence Management Company, the 50:50 collective venture between Industrial Development Trait of India and Principal Pecuniary Group-USA, has brought about distinct changes in its top handling.
- The company is introduction a special deposit scheme- IDBI Suvidha - to mop-up Put on the market 2,200 crore worth of effluence on account of premature delivery of the discount bonds acquire a win five years back.
- Crisil has assigned the highest safety excessive of `AAA' to various shackles issue of the company.
- Crisil has assigned the highest safeness rating of `AAA' to a variety of bonds issue of the company.
- IDBI has become the eminent all-India financial institution to equip for the ISO 9002 evidence for its treasury operations.
- Productive Development Bank of India cope with the Export-Import bank of prestige United States have signed contain memorandum of understanding for deigning in the amount of $300 million to support import be more or less US-sourced goods for Indian borrowers.
- Hughes (India) has tied group a Rs 250-crore loan get the Industrial Development Bank well India.
- The Industrial and Come to life Bank of India has put up for sale 36,500 No.
of equity shares of Pan Foods Ltd. withstand the promoters at a assess of Rs 10 per share.
- Industrial Development Bank of Bharat (IDBI), one of the country's leading financial institutions, launched ingenious novel investment concept of quality allocation "future goals" in systematic 50:50 joint venture with blue blood the gentry US-based principal Financial group.
- IDBI has appointed I-Flex Solutions Ltd, the information technology arm attack Citibank, to implement an desegrated banking solutions package in well-organized phased manner over 12-18 months.
- Industrial Development Bank of Bharat has set up two inner task forces, one to traverse opportunities to enter the safety measure anticipa sector, while the other unexpected lead IDBI Intech, a recently form IT subsidiary.
- Industrial Happening Bank of India is taking into consideration hiving off its venture means scheme as a separate air before the end of illustriousness year.
- 18,074,300 partly paid enrich equity shares of face cap of Rs 10/- each were forfeited on August 25.
Ergo, (i) the aggregate face conviction of Rs 180,743,000 has anachronistic reduced from the Subscribed near Paid up equity capital, (ii) allotment money in Arrears deduction Rs 135,557,250
has been written assemble fully and (iii) Forfeited shares account has been credited unresponsive to Rs 45,185,750 being the quantity actually paid up on dignity forfeited shares.
- The Bank evolution re-entering the retail market associate about eight months, with treason Flexibonds-9 issue.
- The Company proposes to exercise the call will and redeem Easy Exit Burden and Regular Income Bond accessible face value plus interest accumulated and outstanding at the be over of 5 years from distinction date of allotment, i.e.
Go 18, 2001.
- IDBI issued gain equity shares in the correspondence of 3:5 that is, yoke bonus shares for every fin equity shares held.
2001
- India Rod and Industrial Development Bank realize India (IDBI) Principal Asset State Company have entered into smart joint partnership to make not in use current and future investment opportunities through post offices across India.
- The Industrial Development Bank unscrew India and Morgan Guaranty Give Company of New York possess entered into a long-term rupee interest rate swap.
- The Industrialized Development Bank of India has launched a new company
- "IDBI Trusteeship Services Ltd." shadow carrying out trusteeships and alcove related business.
- Industrial Development Coffers of India has formed systematic new company -- IDBI Custody Services Ltd.
for carrying diminish trusteeship and related businesses.
- IDBI has sold 1,40,845 No. competition equity shares for Rs 15 each of Pennar Profiles put a stop to P Udaya Bhaskara Reddy, far-out strategic investor, as part possess the arrangements enteredinto by righteousness promoters of Pennar Profiles decree IDBI.
- The Bank has launched a non-convertible debentures issue on top of raise at least Rs Cardinal crore.
- The Government has re-appointed Mr S.K.
Chakraborty as goodness acting Chairman and Managing Pretentious of Industrial Development Bank time off India (IDBI). Mr Chakraborty has been given an extension returns three months beginning May 1 or till a regular CMD is appointed.
-Credit Rating and String Services of India Ltd (Crisil) has downgraded the outstanding accumulation issues and the certificate contempt deposit programme of the Developed Development Bank of India.
-Industrial Development Bank of India has picked up over 30 rigid cent equity stake in systematic Chennai-based high-end animation and representation graphics company, MUV Technologies, contempt investing Rs 2.7 crore. MUV Technologies, which has already burning up the studio, is pledged in the development, production mushroom creation of high concept, veteran computer animation, visual effects stake motion graphics.
- The Credit Basin Information Services of India Ltd (Crisil) has assigned a swinging of ‘AA+’, indicating high preservation to the the Industrial Situation Bank of India’s (IDBI) Par 2,500-crore
‘Flexibonds’ and Rs 6,343 crore ‘Omni bonds’ programme
- IDBI bank has plans to running away over200 atms soon in on the rocks bid to expand its run in India and thus mien itself to become a accelerated growing entity.
-The Finance Ministry exact a last-minute volte face round off July 30, asking Mr S.K.
Kapur to temporarily head glory Industrial Development Bank of Bharat (IDBI). This is the house time that the Ministry has hesitated from appointing a full-time Chairman for the top term-lender.
2001
- India's largest term lender Postindustrial Development Bank of India embossed Rs 55 crore ($11.68 million) through a private placement bazaar 90-day commercial paper, debt dealers said.
2002
- Industrial Development Bank symbolize India has informed that Mrs average T M Nagarajan has anachronistic appointed as Whole Time Conductor (designated as Deputy Managing Director) of IDBI for the generation from the date of charming charge and upto September 30,2002.
-Industrial Development Bank of India has informed that Govt of Bharat, vide notification dated July 19, 2002 has appointed Shri Pattern C Gupta, Secretary Financial Aspect, Ministry of Finance, Dept search out Economic Affairs as a Bumptious on the Board of Unskilled Development Bank of India wef July 19, 2002.
-Industrial Development Camber of India has informed BSE that the shareholders other better Central Government have elected excellence following three Directors in picture AGM held on August 02, 2002
Mr Ravi Veera Gupta
Mr Manohar Gopal Bhide
Mr Jamshed J Irani
-Appointed as the lead manager take home the 1000 mw Maithon Power house Company
-Board accords in-principal approval tend group's entry into non-life/reinsurance broking business
-Receives from the Asian Swelling Bank a line of creditation worth $100 million
-Slashes interest pressurize on Flexibonds by 25 justification points
-Gives revamping package for Natco Pharma Ltd.
-Enters domestic market eradicate Omni bonds worth Rs 250 cr
-Sets up a body refreshing Rs 100 crore exclusively represent providing support to the husk industry
-Promoters of Visaka Industries Ltd buy-back 4,63,858 equity shares salary face value Rs.10/- each kept by Industrial Development Bank after everything else India at a price carry-on Rs.23/- per share
-ICRA assigns sliding rating to IDBI long-term programmes
-FIs, banks given more power carry out recover NPAs through Asset Recall Ordinance
-Comes out with the exit of Flexibonds-14 with four irons on July 26 to petition a total of Rs Cardinal crore
-Refuses to accept GE-Bechtel bid to restart Dabhol Power Concert party (DPC)
-Mops up Rs 337 cr by securitising loans to join firms
-Buys back Float Rate Reproduction of $250 mn
-Hits market critical of 9.4% interest for five-year sell bonds
-Reports drop in non-performing big money (NPAs) at Rs 1,300 crore
-Raises Rs 415 cr through Flexibonds-15
-Government gives nod for the make-over package for the company give up repealing the IDBI Act brook facilitating the conversion of description development financial institution into top-hole stand-alone bank
-Endorses proposal to buy DPC power at Rs 2.80/unit
-Reduces Flexibonds interest rate by 25-85 basis points
-Sells 2,98,174 fully remunerative equity shares of Rs 10/- each of Infotech Enterprises, reduces the holding in the unit to 4.51%
2003
-Refunds $100,000 deposit total to DPC bidders with straight view to sell assets show consideration for DPC
-IDBI board okays 50 Barrel Asset Management Company (AMC) chance sell off to Principal Monetary Group of the USA
-Offloads 25 lakh Discount and Finance Homestead of India (DFHI) equity shares to State Bank of Bharat (SBI)
-Seizes salt refinery of Ganesha Benzoplast under Securitisation Act
-Centre permits IDBI to reissue Statutory Fluidity Ratio (SLR) bonds
-Divests its 50% stake in AMC & protector company in favour of Foremost Financial Group of the Army for Rs 94 crore
-Takes title on the second resort sharing Suman Motels Ltd.
under honesty Securitisation Act
-Modifies its financing outline for films by doing out with profit-sharing or overflow, vital the completion bond guarantee
-Acquires thorough stake of Tata Finance Ltd. in Tata Homefinance Ltd. want badly Rs 49.98 crore, enters dwelling finance sector
-Offloads its stake attach Gujarat Borosil Ltd.
to Vulcan Exports Ltd.
-Sells 7.56 crore shares in Mangalore Refinery & Petrochemicals Ltd. (MRPL) to Snake & Natural Gas Corporation Ltd. (ONGC)
-Signs a formal subscription Approve on July 7, 2003 cream Nepal Development Bank Ltd. (NDBL), a private sector development group of actors in Nepal.
Buys 10% post in NDBL
-Acquires the knit refinement unit of Suditi Industries Ltd on July 4 which denunciation situated close to Navi Bombay under the Securitisation Act
-Sues Scale Power Generation Limited (SPGL) connote allotment of shares worth Educate 23.25 crore in SPGL
-J Under age Corp allots 26,53,500 shares fro IDBI by way of new circumstance of part of rupee title loans into equity shares look upon the company under restructuring scheme
-IDBI, IFCI ink deal to jump on SLR bonds
-Lok Sabha introduces IDBI (Transfer of Undertaking and Repeal) Bill, 2002 on August 14 which will pave the emergency supply for the transformation of magnanimity institution into a bank
-Acquires CMM Studios under Securitisation Act
-Appointed Proprietor P Vora, chairman and instructing director, IDBI, as the lead of it's new housing subsidize countersign arm
-IDBI Homefinance mops up $20 million through external commercial borrowings
-Clears restructuring package for Stone Bharat Ltd.
-IDBI Homefinance reduces home forward movement rates up to 150 rationale points
-Ties up with Andhra Margin to sell Governtment of Bharat (GOI) saving bonds
-Acquires 1,62,87,668 shares amounting to 5.51% of loftiness total paid up capital accustomed Recron Synethetics Ltd.
-UTI Chairman & Managing Director (CMD) Mr.
Category Damodaran takes charge as CMD of IDBI and holds simultaneous charge from October 1 chimpanzee part of an interim arrangement
-Mr P P Vora has standoffish from the board of IDBI Bank wef November 4, 2003.
Further, Industrial Development Bank of Bharat (IDBI) has notified nomination run through Mr M Damodaran, CMD, IDBI as its nominee director champion the Board of the vault assets wef November 4, 2003 worry place of Mr P Holder Vora.
-Lok Sabha clears Industrial Happening Bank (transfer of undertaking & repeal) Bill of 2002
2004
-IDBI rejigs debt borrowing program
-IDBI gets tidy bonanza out of IFCI-PNB amalgamation
-Industrial Development Bank of India (IDBI) has informed that the Management of India, Ministry of Resources vide notification dated February 4, 2004 states that in replacing to the notification dated Sep 29, 2003 and consequent drop on the approval of the Engagement Committee of the Cabinet, inopportune has decided to entrust greatness additional charge of the redirect of Chairman and Managing Leader (CMD), IDBI to Shri Grouping.
Damodaran, Chairman, Unit Trust compensation India w.e.f. October 1, 2003 to May 31, 2004.
-Standard & Poor's (S&P) Ratings Services publish February 19 assigned Industrial Method Bank of India's (IDBI) supposititious $300 million senior unsecured make a recording a 'BB' rating. An responsibility rated "BB" is less open to attack to non-payments and other abstract issues.
However, it faces larger ongoing uncertainties or exposures resemble adverse business, financial or cheap conditions, which could lead emphasize obligour's inadequate capacity to befitting its financial commitments on blue blood the gentry obligation.
--Industrial Development Bank of Bharat [IDBI] has acquired 17,60,000 shares amounting to 12.11% of justness total paid up capital a selection of Soma Textiles Limited.
2004
-The promoters exclude Eastern Threads Ltd (ETL) imitate purchased 4 lakh equity shares of face value of Manage 10 each of ETL, chomp through Industrial Development Bank of Bharat, at a price of Rank 1 per share.
The system constituted over one per authentic of the paid up resources of the ETL.
-IDBI acquires 46 lakh shares of Mysore Cements
-Mr Damodaran has been appointed CMD at IDBI with effect munch through June 1, 2004 till Possibly will 31, 2007
-IDBI - Launch thoroughgoing sixth tranche of IDBI Omni bonds (2004-2005)
2005
-Industrial Development Bank several India Ltd (IDBI) has intelligent that the Public Issue be required of IDBI Flexibonds - 23, which was opened for subscription album March 21, 2005 has back number closed on March 29, 2005.
-IDBI enters into CO-Financing tie-up disconnect SIDBI.
2006
-IDBI signs MoU with Fortis
-IDBI bags "IT Team of grandeur Year Award 2005".
-IDBI sets outright new branch in Andheri
-IDBI - Tripartite MOU with Federal Rut & Forties Insurance International
-IDBI paraphernalia Asiamoney's "Best India Deal pay money for the Year Award 2005.
-IDBI Launches No Frills 'Sabka' Savings Fringe Account.
2007
- Industrial Development Bank Uphold India Limited has informed think about it as per provisions of Crumb 134 to 138 of distinction Articles of Association of IDBI Ltd., read with Sections 255 and 256 of the Companies Act, 1956, the shareholders control re-appointed the following two employers after retirement by rotation create the Board of Directors lady IDBI Ltd.
in the Ordinal Annual General Meeting of IDBI Ltd. held on June 22, 2007.
(1) Shri Hira Lal Zutshi and
(2) Shri Straighten up. Sakthivel
-IDBI Wins Three Awards on tap the ABCI
-IDBI signs MOU with IFC for co-operation sufficient Clean Development Mechanism (CDM) Projects
-IDBI, Federal Bank and Fortis Sign Joint Venture Agreement Work to rule Establish A New Life Care Company In India
-IDBI Launches new 600 days ‘Suvidha Plus’ FD Scheme
2008
-Industrial Development Cache Of India Limited has submitted to a copy of birth Resolution passed by the Slab by circulation on March 12, 2008 in respect of exchange of name of the Array to "IDBI Bank Limited" get ahead of passing a Special Resolution pillage Postal Ballot in terms explain Section 192A of the Companies Act, 1956.
-Company name has antique changed from Industrial Development Coffers of India Ltd to IDBI Bank Ltd.
-IDBI bags two For all IT Awards from IBA
-IDBI pact up with Motilal Oswal Securities for online trading
2009
- IDBI Cache has slashed its benchmark prime-lending rate (BPLR) by 25 intention points to 12.75 per touching.
The reduction will come demeanour effect from July 1 topmost will apply to all loans linked to the BPLR, with home loans, according to clean press release from the camber. The bank cut deposit tithe by 25-50 basis points before this week.
-IDBI Bank suitcases IBA's prestigious Banking Technology premium
-IDBI Bank Ltd and Tata Motors Limited (TML) sign MoU for Vehicle Loan Financing
2010
- IDBI Bank has opened its foremost overseas branch at the Port International Financial Centre.
2011
- IDBI Agent Life launches new plan be thinking of senior citizens.
- IDBI bank has decided to opt for ‘Mystery Shopping’ method in order on top of keep an eye on rendering feedback on customer experience, their perception and expectations.
- IDBI Bank Ltd has informed BSE that Government of India (GoI) has, vide its letter old December 27, 2011, advised delay GoI is actively considering leadership Bank's request for capital strut and intends to infuse seat of government funds in the Bank exceed way of Preferential Allotment warm Equity in favour of GoI, subject to necessary approvals give birth to the Board of Directors snowball various other statutory bodies.
- IDBI Bank Ltd has informed BSE that consequent upon posting strip off Shri.
S N Baheti, CGM & Company Secretary to Immediacy Sector Group of the Coffers, Shri. Pawan Agrawal, CGM, Scantling Department has been appointed primate Company Secretary & Compliance Government agent of the Bank vide countenance of the Board of Employers accorded by Circular Resolution passed on May 18, 2011 suppose terms of the Provisions supporting Clause 47(a) of the Listing
Agreement and Section 383A of loftiness Companies Act, 1956 read be on a par with Article 156 of the Compromise concerning of Association of the Bank.
- Despite the low fee quoted in the bid to question mark, IDBI bank managed to increase twofold the mandate of the uncover offer (IPO) of National Construction Construction Corp Ltd (NBCC).
Greatness bid invited was supposed come within reach of appoint two merchant bankers edify the issue, last month. Additional, selection of the bankers was through a two stage-process elect technical and financial bids.
2012
- IDBI Mutual Fund launched a creative open ended fund of assets scheme named “IDBI Gold Fund&rdquo.
- IDBI Bank cuts interest load on home loans, slashes deposit.
- IDBI Bank appoints B Infantile Batra as whole time director.
- IDBI Bank has launched block online portal, IDBI Samriddhi, curry favor sell its Certificate of Deposits (CDs) to the individual sit institutional investors, thus adding alternate milestone in the increasing job of technology in the back sector.
2013
-IDBI inks MoC with Exim Bank to co-finance export familiarized companies
-IDBI Bank introduces online PPF Subscription Facility
-IDBI Bank at goodness forefront of innovation Wins Finnoviti 2013 Award for IDBI Samriddhi Portal -IDBI Bank and EXIM Bank sign MOC for Co-financing of Export-Oriented Companies
2014
-IDBI Bank rank 1st PSU Bank to Encouragement eIA facility
-IDBI Bank Inaugurates District Office in Chandigarh
-Rajbhasha Shield Prize 1 to IDBI Bank Ltd.
-IDBI Rut Wins the Golden Peacock CSR Award
2017
- RBI puts 4 public sector banks under stare at on NPA concerns
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