IDBI Bank Ltd

NSE: IDBI BSE: 500116

₹79.29

+1.65 (2.13%)

Tue, 10 Nov 2026, 00:24 pm

MTF 5xInvest in IDBI Bank Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)83470.9

PE Ratio10.27

Dividend2.71

Finance

Major Banks

24.5K

IDBI Bank Ltd Company History

1964

Incorporated on 1 July in Mumbai as wholly owned subsidiary of Reserve Bank of India under IDBI Act.

1965

Introduced rediscount scheme for usance bills/promissory notes effective 1 April.
Decided to introduce participation scheme effective 1 April 1966.
Established Development Assistance Fund on 27 March.

1972

Established Kerala Industrial and Technical Consultancy Organisation in February with 51% contribution to Rs 2 lakh capital.

1973

Sponsored NEITCO in May; set up BITCO.
Provided refinance for medium-term export credits.
Vested with responsibility to strengthen term financing institutions.
Received lines of credit from IDA/World Bank in US Dollars.

1976

Government established Technical Development Fund in March.
Introduced two Seed Capital Assistance Schemes.

1977

Introduced rupee assistance scheme in January for TDF import licence units.
Supported establishment of IFCI, UTI, SFCs, SCICI, SHCIL, SEBI, DFHI, TFCI, OTCEI, Biotech Consortium, IIMCO.

1982

Issued 55,00,000 shares.

1983

Issued 130,00,000 shares.

1984

Introduced equipment finance scheme in September.
Issued 30,00,000 shares.

1985

Introduced Equipment Refinance Scheme effective 1 July.
Introduced Foreign Currency Refinance Scheme for SIDCs/SIICs.
Introduced scheme for in-house quality testing facilities under SIDF.
Issued 30,00,000 shares.

1986

Set up Small Industries Development Fund in May.
Issued 30,00,000 shares.

1987

Introduced National Equity Fund Scheme in August for tiny/small SSI units and sick rehabilitation.
Issued 20,00,000 shares.

1988

Issued 45,00,000 shares.

1989

Issued 97,00,000 shares.

1991

Merged DAF with General Fund effective 1 April.
Augmented resources through bonds and debentures.
Introduced 3-year 9% capital gains bonds for public.
Issued 66,00,000 shares.

1992

Issued unsecured bonds aggregating Rs 300 crore: Deep Discount, Double Option, Regular Return.
Entered merchant banking for capital market services, leasing, mergers.
Set up foreign exchange dealing room and Investor Services of India Ltd.
Introduced Asset Credit, Equipment Finance, and equipment leasing.
Issued 50,00,000 shares.

1993

Reclassified authorised capital; sub-divided equity shares.
Issued 2,530,00,000 preference shares; Government converted equity to preference shares.

1994

Obtained National Stock Exchange membership.
Promoted and incorporated IDBI Bank Ltd with Rs 500 crore authorised capital.
Set up Mutual Fund as trust.
Allotted 17,30,93,300 shares to public.

1995

Sanctioned 17 new ventures in electronics, automation, machinery, software.
Entered Umbrella Grant Agreement with World Bank for $50 million ozone phase-out.
Approved World Bank loan for financial sector development.
Offered 16.8 crore equity shares to public at premium, plus government offer.

1997

Accepted 68 debenture trusteeships aggregating Rs 2,743 crore.
First financial institution to apply NSDL as DP.
Signed agreement with NSDL for equity dematerialisation.
Signed $50 million bilateral loan with Asahi Bank.
RBI rejected private placement of IDBI Bank shares.
Merged foreign exchange and domestic treasury operations.
Tied up financing for 500 MW Pench thermal power project.
Signed $150 million line of credit with EXIM Japan.
Set to float capital gains bonds.

1998

Commissioned study on debt market.
Tied up $150 million line of credit with Export-Import Bank of Japan.
Planned Flexibond 4 issue of Rs 1,000-1,500 crore.
Entered strategic alliance with American Express Bank.
Public issue of 4 crore shares with face value Rs 40 crore.
Tied up with Principal Financial Group for provident and pension funds.
Tied up 8 commercial banks for Flexibonds V loans.

1999

IDBI Bank made maiden public offering of 4 crore equity shares aggregating Rs 72 crore.
Launched sixth Flexibonds issue for Rs 1,500 crore.
Entered strategic alliance with American Express Bank for personal financial services.
Appointed operating agency for ATV Projects by BIFR.
Achieved one-time settlements for 77 cases.
Planned Flexibond-VII issue for Rs 1,500 crore.
Signed MoU with Principal Financial Group.

2000

Forfeited 3,03,100 equity shares for non-payment.
Nodal agency for $80 million Montreal Protocol compensation.
Formed JV working group with CIDC for construction lending.
Proposed capital restructuring to reduce Government stake to 51% via ADS issue.
IDBI Principal AMC made top management changes.
Launched IDBI Suvidha deposit scheme for Rs 2,200 crore.
Received Crisil AAA rating for bond issues.
Qualified for ISO 9002 certification for treasury operations.
Signed MoU with US Ex-Im Bank for $300 million financing.
Tied up Rs 250 crore loan with Hughes Tele.com.
Sold 36,500 Pan Foods shares to promoters.
Launched Future Goals asset allocation with Principal Financial Group.
Appointed I-Flex Solutions for integrated banking solutions.
Set up task forces for insurance entry and IT subsidiary IDBI Intech.
Considered hiving off venture capital scheme.
Forfeited 18,074,300 partly paid equity shares.
Re-entered retail market with Flexibonds-9.
Exercised call option to redeem Easy Exit and Regular Income Bonds.
Issued bonus equity shares in 3:5 ratio.

2001

India Post partnered with IDBI Principal AMC for investments via post offices.
Entered rupee interest rate swap with Morgan Guaranty Trust.
Launched IDBI Trusteeship Services Ltd.
Sold 1,40,845 Pennar Profiles shares.
Launched Rs 500 crore non-convertible debentures issue.
Re-appointed S.K. Chakraborty as acting CMD for three months.
Crisil downgraded bond issues and CD programme.
Acquired 30% stake in MUV Technologies for Rs 2.7 crore.
Crisil assigned AA+ rating to Rs 2,500 crore Flexibonds and Rs 6,343 crore Omni bonds.
IDBI Bank planned over 200 ATMs.
Finance Ministry appointed S.K. Kapur as temporary head.
Raised Rs 55 crore via private placement of 90-day commercial paper.

2002

Appointed T M Nagarajan as Whole Time Director.
Government appointed D C Gupta as director.
Shareholders elected Ravi Veera Gupta, Manohar Gopal Bhide, Jamshed J Irani as directors.
Appointed lead manager for 1000 MW Maithon Power Company.
Board approved entry into non-life/reinsurance broking.
Received $100 million line of credit from Asian Development Bank.
Slashed Flexibonds interest rates by 25 basis points.
Provided revamping package for Natco Pharma.
Issued Omni bonds worth Rs 250 crore.
Set up Rs 100 crore fund for film industry support.
Visaka Industries promoters bought back 4,63,858 shares.
ICRA assigned downward rating to long-term programmes.
Issued Flexibonds-14 worth Rs 200 crore.
Refused GE-Bechtel offer for Dabhol Power Company.
Mopped up Rs 337 crore by securitising loans to three firms.
Bought back $250 million Float Rate Notes.
Issued 9.4% five-year retail bonds.
Reported NPAs drop to Rs 1,300 crore.
Raised Rs 415 crore through Flexibonds-15.
Government approved restructuring by repealing IDBI Act for bank conversion.
Endorsed DPC power purchase at Rs 2.80/unit.
Reduced Flexibonds rates by 25-85 basis points.
Sold 2,98,174 Infotech Enterprises shares, reducing holding to 4.51%.

2003

Refunded $100,000 deposit to DPC bidders.
Board approved sale of 50% AMC stake to Principal Financial Group.
Offloaded 25 lakh DFHI shares to SBI.
Seized Ganesh Benzoplast salt refinery under Securitisation Act.
Permitted to reissue SLR bonds.
Divested 50% stake in AMC and trustee company to Principal Financial Group for Rs 94 crore.
Took possession of Suman Motels second resort under Securitisation Act.
Modified film financing by removing profit-sharing and completion bond guarantee.
Acquired Tata Finance stake in Tata Homefinance for Rs 49.98 crore, entering housing finance.
Offloaded stake in Gujarat Borosil to Vulcan Exports.
Sold 7.56 crore MRPL shares to ONGC.
Acquired 10% stake in Nepal Development Bank.
Acquired Suditi Industries knit processing unit under Securitisation Act.
Sued Spectrum Power Generation for Rs 23.25 crore shares.
Received 26,53,500 shares from J K Corp via loan conversion.
Inked SLR bonds deal with IFCI.
Lok Sabha introduced IDBI Transfer of Undertaking and Repeal Bill.
Acquired CMM Studios under Securitisation Act.
Appointed P P Vora as chairman of housing finance arm.
IDBI Homefinance raised $20 million via ECB.
Cleared restructuring package for Stone India.
IDBI Homefinance reduced home loan rates by up to 150 basis points.
Tied up with Andhra Bank to sell GOI saving bonds.
Acquired 5.51% stake in Recron Synthetics.
M. Damodaran appointed CMD holding concurrent UTI charge.
P P Vora withdrew from IDBI Bank board; M. Damodaran nominated.
Lok Sabha cleared IDBI Transfer of Undertaking and Repeal Bill.

2004

Rejigged debt borrowing program.
Benefited from IFCI-PNB amalgamation.
M. Damodaran given additional CMD charge from October 2003 to May 2004.
S&P assigned BB rating to proposed $300 million senior unsecured notes.
Acquired 12.11% stake in Soma Textiles Limited.
Eastern Threads promoters bought back 4 lakh shares.
Acquired 46 lakh shares of Mysore Cements.
M. Damodaran appointed CMD from June 2004 to May 2007.
Launched sixth tranche of IDBI Omni bonds.

2005

Closed public issue of IDBI Flexibonds-23 on March 29.
Entered co-financing tie-up with SIDBI.

2006

Signed MoU with Fortis.
Bagged IT Team of the Year Award 2005.
Set up new branch in Andheri.
Signed tripartite MoU with Federal Bank and Fortis Insurance International.
Bagged Asiamoney Best India Deal of the Year Award 2005.
Launched No Frills Sabka Savings Bank Account.

2007

Shareholders re-appointed Hira Lal Zutshi and A. Sakthivel as directors.
Won three awards at ABCI.
Signed MOU with IFC for CDM projects cooperation.
Signed JV agreement with Federal Bank and Fortis for life insurance company.
Launched 600 days Suvidha Plus FD Scheme.

2008

Passed resolution to change name to IDBI Bank Limited.
Changed name from Industrial Development Bank of India Ltd to IDBI Bank Ltd.
Bagged two Special IT Awards from IBA.
Tied up with Motilal Oswal Securities for online trading.

2009

Slashed BPLR by 25 basis points to 12.75%.
Bagged IBA Banking Technology award.
Signed MoU with Tata Motors for vehicle loan financing.

2010

Opened first overseas branch at Dubai International Financial Centre.

2011

IDBI Federal Life launched new plan for senior citizens.
Adopted Mystery Shopping for customer feedback.
Government considered capital infusion via preferential equity allotment.
Appointed Pawan Agrawal as Company Secretary and Compliance Officer.
Won mandate for NBCC IPO.

2012

Launched IDBI Gold Fund open-ended fund of funds scheme.
Cut interest rates on home loans and deposits.
Appointed B K Batra as whole time director.
Launched online portal IDBI Samriddhi for selling Certificates of Deposits.

2013

Inked MoU with EXIM Bank for co-financing export-oriented companies.
Introduced online PPF Subscription Facility.
Won Finnoviti 2013 Award for IDBI Samriddhi Portal.

2014

First PSU bank to launch eIA facility.
Inaugurated Zonal Office in Chandigarh.
Received Rajbhasha Shield Award.
Won Golden Peacock CSR Award.

2017

RBI placed 4 public sector banks under watch on NPA concerns.

2021

Launched special products for Healthcare Sector, differently-abled people, and EMI-based Gold Loans.

2022

Received Award for excellence under Mobile App category at 5th India BFSI Awards.