IDBI Bank
Business Overview
IDBI Bank has divisions for commercial banking, as well as development
banking
The description below concentrates mainly on the Commercial banking division
Predecessor entity - The Industrial Development Bank of India (IDBI)
established in 1964 to provide credit and other facilities for the development
of Indian industry
IDBI Ltd is the tenth largest development bank in the world
A few of the world-class institutions built by IDBI are
o The National Stock Exchange (NSE)
o The National Securities Depository Services Ltd. (NSDL)
o Stock Holding Corporation of India (SHCIL), etc.
IDBI Ltd entered commercial banking with the incorporation of IDBI Bank Ltd
as its subsidiary
IDBI and its successor entity IDBI Ltd provides financial assistance, both in
rupee and foreign currencies, for Greenfield projects as also for expansion,
modernization and diversification purposes
On April 2, 2005, IDBI Bank Ltd was merged into IDBI Ltd. The merger seeks
to consolidate business across the value chain and provide economies of scale
to the merged entity
IDBI’s retail assets portfolio has crossed Rs.4300 crores in record time.
Profitability advanced by more than 27% Q2 FY05 over the corresponding
period in the previous year
As on March 31, 2005, IDBI Ltd. had a combined employee base of around
4500, including over 3300 professionals in various disciplines
IDBI Ltd. has three wholly-owned subsidiaries:
IDBI Capital Market Services Ltd. (ICMS) was set up in December 1993 to
offer a broad range of capital market related services, including Bond Trading,
Retail Distribution, Mutual Funds Distribution, Equity Broking, Client Asset
Management, Depository Services, Merchant Banking, etc. ICMS is a leading
Primary Dealer of the country.
IDBI Homefinance Ltd. (IHFL) In order to make a foray into retail financing,
the erstwhile IDBI acquired the entire shareholding of Tata Finance Limited in
Tata Homefinance Ltd. The housing finance company has since been named as
IDBI Homefinance Ltd.
IDBI Intech Ltd. (Intech) was set up in March 2000 to undertake information
technology (IT) related activities. However, as IT is not a permissible business
for banking companies under section 19 of the Banking Regulation Act, 1949,
IDBI Ltd. is in the process of winding up the operations of Intech.
Careers offered: (for fulltime employees)
Position: Customer Sales & Service Managers
Responsibilities
To lead a team of executives to ensure service delivery consistently & quality
To generate cross-sales from existing relationships
Manage Branch Operations as well as administration
Responsible for Auditory Compliance Requirements:
Position: Manager - Trade Finance Operations
Responsibilities
Managing the entire gamut of Trade Finance activities
Compliance with regulatory requirements (Both internal & external)
Management of all processes as per laid down procedures for Trade Operations
Overall responsibility for P&L of Trade Finance products
Business Development and Client service
Position: Regional Sales Manager - Investment Services
Responsibilities
Sales of Investment Products like Mutual Funds and Life & Non - life insurance
products
Service the customers on Investment related products as well as source business
from non IDBI Bank customers
Coordination with Relationship Managers and Branch Heads to organize
regular investment meet for the customers
Keep customers informed about the various investment products available
Internship History: None (2004 – 2005)
The company generally looks for people with good communication skills and prior
banking experience.
Source of information: Website - www.idbibank.com
