IDBI Bank Ltd. is a Universal Bank with its operations driven by a cutting edge core Banking IT platform. The Bank offers personalized banking and financial solutions to its clients in the retail and corporate banking arena through its large network of Branches and ATMs, spread across length and breadth of India. We have also set up an overseas branch at Dubai and have plans to open representative offices in various other parts of the Globe, for encashing emerging global opportunities. Our experience of financial markets will help us to effectively cope with challenges and capitalize on the emerging opportunities by participating effectively in our country's growth process. IDBI Bank is the youngest, new generation, public sector universal bank that rides on a cutting edge core banking Information Technology platform. This enables the Bank to offer personalized banking and financial solutions to its clients. The Bank had an aggregate Balance sheet size of Rs. 3,74,372 crore and total business of Rs.4,81,613 crore as on March 31, 2016. Our vision for the Bank is "TO BE THE MOST PREFERRED AND TRUSTED BANK ENHANCING VALUE FOR ALL STAKEHOLDERS".
ICMS, a wholly owned subsidiary of IDBI Bank, started as a Broking and Distribution company in 1993. Currently its businesses include Merchant Banking, Stock Broking, Distribution of Financial Products, Corporate Advisory Services, Debt Arranging & Undertaking, Portfolio Management of Pension / PF Funds & Research services. Invest online - Equities, MF & IPOs.
IAML was incorporated on January 25, 2010 and is a subsidiary of IDBI Bank Ltd. IAML is the investment manager of schemes launched by IDBI Mutual Fund ("The Fund"). The Fund offers a bouquet of products in equity, debt and gold to suit the diverse and varying needs and risk profile of investors.
IMTCL, a wholly owned subsidiary of IDBI Bank, was incorporated on January 25, 2010. The company acts as the Trustee of IDBI Mutual Fund. As per SEBI Mutual Fund Regulation 1996, the Trustees ensure that all the activities of the Mutual Fund are carried out within the regulatory frame work.
IDBI Federal is a Joint Venture Life Insurance Company of IDBI Bank Ltd., The Federal Bank Ltd. and Ageas Insurance International (Ageas). IDBI Federal commenced operations in March 2008. IDBI Bank holds 48% equity shares in IDBI Federal whereas Federal Bank Ltd. and Ageas hold 26% equity shares each. The Company's life insurance business comprises individual life and pension and group life, including non-participating, health and linked segments.
IDBI Federal has Bancassurance partnership with IDBI Bank and the Federal Bank and also distributes its products through its own network. To further diversify its distribution base, it has set up an Alternate & Direct Distribution channel.