IDBI Bank Limited (IDBI.NS)

90.35 -1.35 (-1.47%) At close: 03:30PM IST

IDBI Bank Limited

IDBI Tower
WTC Complex Cuffe Parade
Mumbai 400005
India
91 22 6655 3355
https://www.idbibank.in

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 16,254

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Rakesh Kumar Sharma	MD, CEO & Executive Director	34.29M	N/A	1958
Ms. Jyothi Biju Nair	Deputy GM, Company Secretary & Compliance Officer	N/A	N/A	N/A
Ms. Smita Harish Kuber	Chief Financial Officer	N/A	N/A	N/A
Mr. Padmabhushan Bahadure	Chief Technology Officer	N/A	N/A	N/A
Ms. Padma Vinod Betai	Chief General Manager	2.29M	N/A	1964
Mr. Aloke Sengupta	Chief General Manager	N/A	N/A	N/A
Mr. Subrat Kumar Mohapatra	Chief General Manager	N/A	N/A	N/A
Mr. Ajoy Nath Jha	Chief General Manager	N/A	N/A	1963
Mr. Badri Srinivasa Rao	Chief General Manager	N/A	N/A	N/A
Mr. Sunit Sarkar	Executive Director & Chief Audit Officer	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in INR.

Description

IDBI Bank Limited provides banking and financial solutions to retail and corporate clients in India. It operates through Corporate/Wholesale Banking, Retail Banking, Treasury, and Other Banking Operations segments. The company offers savings, current, and salary accounts, and fixed deposits; home, auto, education, and personal loans, as well as loans against properties and securities; debit, credit, and prepaid cards; mobile, and Internet banking services; and investment advisory and capital market services. It also provides fund and non-fund-based assistance; packing credit to exporters; receivable buyout with recourse; channel financing for dealers of corporates; scheme for financing automated teller machines (ATMs)/cash dispense vendors; technology upgrading fund scheme for textile and jute industries; and lending to non-banking finance companies/housing finance companies and commercial real estate sector. In addition, it offers bank guarantees, letters of credit, documentary collection, bill discounting, and foreign currency; cash management, treasury, trade finance, and remittance services; and debt syndication and advisory services. Further, it provides finance to micro, small, and medium enterprises; agriculture finance; and products and services for non-resident Indians. Additionally, the company offers information technology and security, and contact center services; merchant banking, stock broking, corporate advisory, portfolio management of pension/PF funds and research activities, debt arranging and undertaking, and distributes financial products; mutual fund; and security trusteeship assignments, share pledge trustee, venture capital fund, safe keeping, escrow agency, and other trusteeship services, as well as acts as a trustee to securitization transactions and bond/debentures. The company was formerly known as IDBI Ltd. and changed its name to IDBI Bank Limited in May 2008. IDBI Bank Limited was founded in 1964 and is headquartered in Mumbai, India.

Corporate governance

IDBI Bank Limited’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.