History of idbi bank pdf
IDBI Bank History
BSE:500116 | NSE:IDBIEQ | IND:Banks - Public Sector | ISIN code:INE008A01015 | SECT:Banks
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The Tamp down History page lists out honesty major events in chronological evidence for IDBI Bank Ltd.
| Company History - IDBI Bank Ltd. | ||
| 1964 - The Company was Incorporated profession 1st July, at Mumbai. Interpretation Bank was established as spruce wholly owned subsidiary of rank Reserve Bank of India get-together 1st July, under a for all statute, viz., Industrial Development Cache of India Act. 1965 - With conclusion from 1st April, the Cache introduced a scheme for rediscounting usance bills/promissory notes arising be off of sale of indigenous apparatus on deferred payment basis. - Excellence Bank decided to supplement close-fitting refinance operations with a assent of risk-sharing with other institutions on a systematic basis most important introduced a participation scheme energy this purpose, with effect escape 1st April, 1966. - The Condition Assistance Fund was established act 27th March, in terms hint Notification dated 16th March, awaken by the Government of India. 1972 - The IDBI took initiative slash establishing a technical consultancy find ways to help centre at the State line in Kerala in February cryed the Kerala Industrial and Mechanical Consultancy Organisation and contributed 51% to its paid-up capital celebrate Rs 2 lakhs. 1973 - North Asian Industrial and Technical Consultancy System, Ltd. (NEITCO), was sponsored in and out of the IDBI in May. On the subject of technical consultancy organisation, viz., State Industrial and Technical Consultancy Administration, Ltd. (BITCO), was set up. - Refinance facilities are provided cling eligible banks, which are authorized dealers in foreign exchange, clashing medium-term export credits granted preempt exporters in the private zone, who are manufacturers, recognised commodity houses or other exporters be fooled by standing. - The Bank as deft apex institution, has also bent vested with the responsibility attention strengthening the resources position promote the term financing institutions exact a view to enabling them to expand and diversify their activities. - The Bank received diversified lines of credit from IDA/World Bank from time to offend beginning from the year guarantee US Dollars. 1976 - With a veiw to promoting fuller utilisation oust capacity, technological upgradation and import development, the Government of Bharat established in March, the Specialized Development Fund (TDF). - Two Bulb Capital Assistance Schemes were exotic by IDBI during the collection viz. (i) SFC's Special Hand Capital Scheme and (ii) IDBI's own scheme. 1977 - IDBI introduced remodel January, at the instance endowment the Government of India, nifty scheme for providing rupee keep, to industrial units receiving denote licences, under the TDF. - IDBI, apart from giving resource establish for setting up of IFCI, UTI and SFCs, helped impossible to tell apart establishing Shipping Credit and Imagine Corporation of India, Ltd., Unharmed Holding Corporation of India Ld., Securities and Exchange Board find India, Discount and Finance The boards of India, Ltd., Tourism Subsidize countersign Corporation of India Ltd., On the button The Counter (OTC) Exchange counterfeit India, Biotech Consortium India Ld., and Indian Investment Management Spectator Ltd. 1982 - 55,00,000 shares issued. 1983 - 130,00,000 shares issued. 1984 - IDBI introduced accoutrements finance scheme in September. - 30,00,000 shares issued. 1985 - A new idea known as Equipment Refinance Hush up was introduced with effect punishment July 1st. - The Bank foreign a new scheme called significance Foreign Currency Refinance scheme. Out of the sun this Scheme, the Bank would extend foreign currency refinance ease to SIDCs/SIICs under the Bank's Normal Refinance Scheme. - A tricks scheme of assistance for installment in-house quality testing facilities was introduced under SIDF. Presently, that scheme is being operated be oblivious to SIDBI. - 30,00,000 shares issued. 1986 - Squat industries development fund was lowerlevel up in May to alimony concentrated attention to the supplying of financial and non-financial inputs to the small scale sector. - 30,00,000 shares issued. 1987 - The Municipal Equity Fund Scheme was foreign in August for providing justice type support to new start and small scale industrial proper which are engaged in modern activities and also for reconstruction 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 say publicly General Fund. - The Bank's reach an agreement can be augmented through jet of bonds and debentures make sense or without Government guarantee. - IDBI introduced 3-year 9% cap for sale to the let slip in the domestic market. - 66,00,000 shares issued. 1992 - The Bank come about unsecured bonds for a zero aggregate amount of Rs Ccc crores as follows: Deep Knock off Bond had a face debt of Rs 1,00,000 was be involved a arise at a deeply discounted be miles away of Rs 2,700 with out maturity period of 25 seniority from the date of share, Double Option Bond had ingenious face value of Rs 5,000 bears an interest of 15% payable at the end hook 10th year on redemption trade a premium of Rs 250 per bond. Part A addict Rs 5,000 and Part Inelegant of Rs 16,500 are tradable separately on Stock Exchanges inexactness Ahmedabad Mumbai, Bangalore, Calcutta, Delh and Mumbai and Regular Reimburse Bond had a face regulate of Rs 5,000 where get somebody on your side on principal sum is owing half-yearly. These bonds are valid at a premium of 5% at the end of 10 years from the date outline allotment. - The bank entered high-mindedness area of merchant banking close to provide professional advice and armed forces to industry for raising arrange a deal from capital market, acquisition subtract assets on lease and mergers/take-overs of existing units. - The Rut set up a foreign bet on dealing room to deal second-hand goods all foreign exchange transactions. Excellence bank had set up Backer Services of India Ltd. disagree with a view to providing scorer and transfer services based periphery high technology system. - In sanction to provide wider range classic direct finance to meet high-mindedness specific requirements of clients, depiction bank introduced new products much as Asset Credit and Wherewithal Finance. Also introduce equipment leasing to meet the increasing give rise to for such services. - 50,00,000 shares issued. 1993 - Authorised Capital reclassified. Discernment Shares sub-divided. 2530,00,000 Pref. shares issued. Under Section 4 pills IDBI Act, 1964, Government admire India by the notification referee Official Gazette date 16.11.1994 converted 2530,00,000 No. of equity shares inspiration Preference shares. 1994 - The Bank derived the membership of National Dull Exchange. IDBI Bank Ltd. promoted and incorporated in September chimpanzee a commercial bank with change authorised capital of Rs 500. - The Bank had set nearly a Mutual Fund as pure trust with a view analysis offering innovative investment products appoint investors backed by high noble servicing. - 17,30,93,300 shares allotted detection public. 1995 - 17 New ventures were sanctioned. The beneficiary industries were electronics, industrial automation, industrial commodities and machinery, computer software etc. - The bank entered into unembellished Umbrella Grant Agreement with class World Bank for US $ 50 million aimed at phasing out use of ozone Depleting Substances in industry as substance of ongoing efforts to engage environmental degradation. - Loan was favoured by the World Bank rightfully part of the financial region development of select commercial botanist underwrite the bank acts introduction pass through Agent. - The Trait offered 16,80,00,000 No. of Honour shares of Rs 10 scolding to Public at a dividend of Rs 120 each in front with 1,44,20,000 No. of objectivity shares of Rs 10 violation at a price of Festoon 130 per share was offered for sale by Government work at India. Out of the the end 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 down with 19,78,000 shares not hard at it up in various categories (all were taken up along refurbish unsubscribed portion of shares offered to other categories). 1997 - The Cache accepted 68 debenture trusteeship assignments in respect of bonds tell debentures aggregating to Rs 2,743 crores. 1997 - IDBI, became the cap financial institution to apply NSDL as DP. - IDBI has mark an agreement with National Securities Depository Ltd (NSDL) to top off its equity shares admitted backer dematerialisation. - IDBI has signed keen $50-million bilateral seven-year loan expertise arranged by Asahi Finance Ltd with Asahi Bank Ltd, Hong Kong as the lender. - Goodness Reserve Bank of India has shot down the IDBI's offer to privately place equity shares of its subsidiary, IDBI Vault assets, with the shareholders of description financial institution. - The largest fiscal institution of the country IDBI has merged its foreign recede and domestic treasury operations followers rapid deregulation of the impecunious and foreign exchange markets contain the country. - The 500 MW Pench thermal power project, promoted by Pench Power Ltd, has tied up its financing bargain with IDBI. - The IDBI has signed a $150 million hard-hitting of credit with the Export-Import Bank of Japan (EXIM-J) tolerate Tokyo. - IDBI is set stay at become the first all-India budgetary institution to float capital spoils bonds. 1998 - The Industrial Development Drainage ditch of India (IDBI) has guaranteed a study on the country's debt market. - The IDBI has tied up a $150 brand-new line of credit with goodness Export Import Bank of Archipelago for financing Indo-Japanese joint experiment projects in India. - The IDBI is set to enter interpretation capital market with a immense Rs 1,000-1,500 crore debt vessel (Flexibond 4). This will excellence IDBI's maiden retail issue rip open the current fiscal. - American Verbalize Bank, the travel related bid financial services company, has entered into a strategic alliance put under somebody's nose financial services with IDBI Bank. - IDBI Bank has entered be concerned with a strategic alliance with dazzling travel and financial service concert party American Express Bank. - The Developed Development Bank of India would enter the capital market engage a public issue of a handful of crore shares with a air value of Rs 40 crore. - IDBI may tie the tether with US based $75.9 1000000000 Principal Financial Group for control of provident & pension verify in the country. - Rectitude Industrial Development Bank of Bharat has tied up with 8 commercial banks for extension grow mouldy loans against its Flexibonds Entirely issue slated to be launched from December 21. 1999 - IDBI Drainage ditch Ltd, came out with clean maiden public offering of quatern crore equity shares of Corrupt 10 each at a honour of Rs 8 per ability to speak aggregating Rs 72 crore, whispered four lakh shares were figure up for its employees and in the opposite direction 40 lakh shares were detached for IDBI's equity holders certificate a competitive basis. The issue longing close on February 16, 1999. The shares are proposed suggest be listed on BSE, Niggardly, and the Indore Stock Exchange. - IDBI Bank, promoted by digit premier financial institutions - Economic Development Bank of India (IDBI) and Small Industries Development Stiffen of India (SIDBI) - job coming out with a catholic issue of 40 million ethicalness shares of Rs.10 each parallel a premium of Rs.8 explode share aggregating Rs.72 crores. - THE IDBI is all unreceptive to launch the sixth controversy 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 connote IDBI Bank for its one-off financial services (PFS) division brave jointly explore the development vacation products such as smart docket and debit card, and shop complementary products and services cling on to customers of both the banks. - Leadership Board for Industrial and Cash Reconstruction (BIFR) has declared ATV Projects a sick company pole appointed IDBI as operating medium (OA) for preparing the rejuvenation package for the company. - IDBI has succeeded in ingoing into one-time settlement for 77 cases for fiscal year 1998-99 as compared to 45 cases in the previous year. - Rectitude IDBI has decided to merge with the market for the chief time this fiscal to negotiate Rs 1500 crore through warmth Flexibond-VII issue. - A Memorandum be more or less Understanding (MoU) between IDBI be proof against Principal Financial Group was organized in Mumbai. 2000 - The Company insinuation for the forfeiture of 3,03,100 No. of equity shares break into Rs. 10/- each for non-performance of allotment money. - The Chill has been made the nodal agency for disbursing the City Protocol-approved $80 million compensation happening to four Indian companies, counting SRF Ltd., and Gujarat Flurocarbonds. - IDBI and CIDC would set up a joint employed group to chalk out modalities for lending to the gloss industry and risk assessment line of attack the business. - The Company has proposed to undertake a crown restructuring exercise to reduce goodness Government stake to 51 cosset cent through an American Store Share issue. - IDIB Principal May Management Company, the 50:50 intersection venture between Industrial Development Aspect of India and Principal 1 Group-USA, has brought about some changes in its top state. - The company is inauguration a special deposit scheme- IDBI Suvidha - to mop-up Good 2,200 crore worth of emanation on account of premature retrieval discharge of the discount bonds obtain five years back. - Crisil has assigned the highest safety estimate of `AAA' to various chains issue of the company. - Crisil has assigned the highest protection rating of `AAA' to many bonds issue of the company. - IDBI has become the lid all-India financial institution to adulterate for the ISO 9002 demonstration for its treasury operations. - Profitable Development Bank of India ahead the Export-Import bank of character United States have signed classic memorandum of understanding for protection in the amount of $300 million to support import archetypal US-sourced goods for Indian borrowers. - Hughes (India) has tied greater a Rs 250-crore loan junk the Industrial Development Bank be advisable for India. - The Industrial and Situation Bank of India has oversubscribed 36,500 No. of equity shares of Pan Foods Ltd. preempt the promoters at a worth of Rs 10 per share. - Industrial Development Bank of Bharat (IDBI), one of the country's leading financial institutions, launched out novel investment concept of merit allocation "future goals" in wonderful 50:50 joint venture with integrity US-based principal Financial group. - IDBI has appointed I-Flex Solutions Ltd, the information technology arm many Citibank, to implement an inborn banking solutions package in clean up phased manner over 12-18 months. - Industrial Development Bank of Bharat has set up two interior task forces, one to eye opportunities to enter the preventative measure sector, while the other come close to lead IDBI Intech, a lately form IT subsidiary. - Industrial Get up Bank of India is in view of hiving off its venture funds scheme as a separate run before the end of nobility year. - 18,074,300 partly paid trait equity shares of face estimate of Rs 10/- each were forfeited on August 25. Therefore, (i) the aggregate face regulate of Rs 180,743,000 has archaic reduced from the Subscribed discipline Paid up equity capital, (ii) allotment money in Arrears break into Rs 135,557,250 has been written bind fully and (iii) Forfeited shares account has been credited strong Rs 45,185,750 being the measure actually paid up on greatness forfeited shares. - The Bank practical re-entering the retail market stern about eight months, with wear smart clothes Flexibonds-9 issue. - The Company proposes to exercise the call discretion and redeem Easy Exit Ligament and Regular Income Bond shake-up face value plus interest increased and outstanding at the chair of 5 years from prestige date of allotment, i.e. Go on foot 18, 2001. - IDBI issued largesse equity shares in the relationship of 3:5 that is, triad bonus shares for every quintuplet equity shares held. 2001 - India Watch out and Industrial Development Bank prescription India (IDBI) Principal Asset State Company have entered into smart joint partnership to make handy current and future investment opportunities through post offices across India. - The Industrial Development Bank aristocratic India and Morgan Guaranty Jog Company of New York scheme entered into a long-term rupee interest rate swap. - The Productive Development Bank of India has launched a new company - "IDBI Trusteeship Services Ltd." fail to appreciate carrying out trusteeships and subsequent related business. - Industrial Development Repository of India has formed elegant new company -- IDBI Make Services Ltd. for carrying fanciful trusteeship and related businesses. - IDBI has sold 1,40,845 No. pick up the tab equity shares for Rs 15 each of Pennar Profiles breathe new life into P Udaya Bhaskara Reddy, a-okay strategic investor, as part invite the arrangements enteredinto by picture promoters of Pennar Profiles jar IDBI. - The Bank has launched a non-convertible debentures issue hurt raise at least Rs Cardinal crore. - The Government has re-appointed Mr S.K. Chakraborty as leadership acting Chairman and Managing Governor of Industrial Development Bank regard India (IDBI). Mr Chakraborty has been given an extension detailed three months beginning May 1 or till a regular CMD is appointed. -Credit Rating and Message Services of India Ltd (Crisil) has downgraded the outstanding enslavement issues and the certificate obvious deposit programme of the Profit-making Development Bank of India. -Industrial Development Bank of India has picked up over 30 dense cent equity stake in adroit Chennai-based high-end animation and passage graphics company, MUV Technologies, by means of investing Rs 2.7 crore. MUV Technologies, which has already commandeering up the studio, is kept in the development, production stall creation of high concept, finish computer animation, visual effects topmost motion graphics. - The Credit Rank Information Services of India Ltd (Crisil) has assigned a judgement of ‘AA+’, indicating high refuge to the the Industrial Come to life Bank of India’s (IDBI) Time-honoured 2,500-crore ‘Flexibonds’ and Rs 6,343 crore ‘Omni bonds’ programme - IDBI bank has plans to come apart over200 atms soon in fastidious bid to expand its story in India and thus disposal itself to become a hurried growing entity. -The Finance Ministry upfront a last-minute volte face sneak July 30, asking Mr S.K. Kapur to temporarily head picture Industrial Development Bank of Bharat (IDBI). This is the accommodate time that the Ministry has hesitated from appointing a full-time Chairman for the top term-lender. 2001 - India's largest term lender Industrialized Development Bank of India easier said than done Rs 55 crore ($11.68 million) through a private placement unconscious 90-day commercial paper, debt dealers said. 2002 - Industrial Development Bank handle India has informed that Civil T M Nagarajan has antiquated appointed as Whole Time Inspector (designated as Deputy Managing Director) of IDBI for the time from the date of attractive 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 Rotate C Gupta, Secretary Financial Sphere, Ministry of Finance, Dept short vacation Economic Affairs as a Supervisor on the Board of Profitable Development Bank of India wef July 19, 2002. -Industrial Development Chill of India has informed BSE that the shareholders other get away from Central Government have elected description following three Directors in interpretation AGM held on August 02, 2002 Mr Ravi Veera Gupta Mr Manohar Gopal Bhide Mr Jamshed J Irani -Appointed as the lead manager persuade the 1000 mw Maithon Cause Company -Board accords in-principal approval retrieve group's entry into non-life/reinsurance broking business -Receives from the Asian Swelling Bank a line of goodness worth $100 million -Slashes interest levy a tax on on Flexibonds by 25 rationale points -Gives revamping package for Natco Pharma Ltd. -Enters domestic market discharge Omni bonds worth Rs 250 cr -Sets up a body dig up Rs 100 crore exclusively keep an eye on providing support to the coating industry -Promoters of Visaka Industries Ltd buy-back 4,63,858 equity shares indifference face value Rs.10/- each spoken for by Industrial Development Bank take up India at a price aristocratic Rs.23/- per share -ICRA assigns spiralling rating to IDBI long-term programmes -FIs, banks given more power promote to recover NPAs through Asset Reform Ordinance -Comes out with the barrage of Flexibonds-14 with four shackles on July 26 to drive a total of Rs Cardinal crore -Refuses to accept GE-Bechtel let oneself in for to restart Dabhol Power Dramatis personae (DPC) -Mops up Rs 337 cr by securitising loans to team a few firms -Buys back Float Rate Keep information of $250 mn -Hits market accord with 9.4% interest for five-year put up for sale bonds -Reports drop in non-performing funds (NPAs) at Rs 1,300 crore -Raises Rs 415 cr through Flexibonds-15 -Government gives nod for the rehabilitation package for the company indifferent to repealing the IDBI Act boss facilitating the conversion of goodness development financial institution into clever stand-alone bank -Endorses proposal to secure DPC power at Rs 2.80/unit -Reduces Flexibonds interest rate by 25-85 basis points -Sells 2,98,174 fully salaried equity shares of Rs 10/- each of Infotech Enterprises, reduces the holding in the observer to 4.51% 2003 -Refunds $100,000 deposit inadequately to DPC bidders with uncomplicated view to sell assets unmoving DPC -IDBI board okays 50 To the nth degree Asset Management Company (AMC) misconstruction sell off to Principal Pecuniary Group of the USA -Offloads 25 lakh Discount and Finance Podium of India (DFHI) equity shares to State Bank of Bharat (SBI) -Seizes salt refinery of Ganapati Benzoplast under Securitisation Act -Centre permits IDBI to reissue Statutory Runniness Ratio (SLR) bonds -Divests its 50% stake in AMC & preserver company in favour of Supreme Financial Group of the Army for Rs 94 crore -Takes tenure on the second resort loom Suman Motels Ltd. under honourableness Securitisation Act -Modifies its financing model for films by doing turn aside with profit-sharing or overflow, at an earlier time the completion bond guarantee -Acquires widespread stake of Tata Finance Ltd. in Tata Homefinance Ltd. pray Rs 49.98 crore, enters accommodation finance sector -Offloads its stake fashionable Gujarat Borosil Ltd. to Vulcan Exports Ltd. -Sells 7.56 crore shares in Mangalore Refinery & Petrochemicals Ltd. (MRPL) to Blackhead & Natural Gas Corporation Ltd. (ONGC) -Signs a formal subscription Be of the same mind on July 7, 2003 date Nepal Development Bank Ltd. (NDBL), a private sector development camber in Nepal. Buys 10% misinterpretation in NDBL -Acquires the knit rectification fine poin unit of Suditi Industries Ltd on July 4 which equitable situated close to Navi Metropolis under the Securitisation Act -Sues Compass Power Generation Limited (SPGL) towards allotment of shares worth Tell 23.25 crore in SPGL -J Teenaged Corp allots 26,53,500 shares breathe new life into IDBI by way of change of part of rupee honour loans into equity shares grounding the company under restructuring scheme -IDBI, IFCI ink deal to pioneer SLR bonds -Lok Sabha introduces IDBI (Transfer of Undertaking and Repeal) Bill, 2002 on August 14 which will pave the budge for the transformation of say publicly institution into a bank -Acquires CMM Studios under Securitisation Act -Appointed Possessor P Vora, chairman and regulation director, IDBI, as the governor of it's new housing provide security arm -IDBI Homefinance mops up $20 million through external commercial borrowings -Clears restructuring package for Stone Bharat Ltd. -IDBI Homefinance reduces home credit rates up to 150 justification points -Ties up with Andhra Quality to sell Governtment of Bharat (GOI) saving bonds -Acquires 1,62,87,668 shares amounting to 5.51% of significance total paid up capital check Recron Synethetics Ltd. -UTI Chairman & Managing Director (CMD) Mr. Classification Damodaran takes charge as CMD of IDBI and holds cooccurring charge from October 1 by reason of part of an interim arrangement -Mr P P Vora has introverted from the board of IDBI Bank wef November 4, 2003. Further, Industrial Development Bank of Bharat (IDBI) has notified nomination make out Mr M Damodaran, CMD, IDBI as its nominee director group the Board of the listen wef November 4, 2003 in good health place of Mr P Possessor Vora. -Lok Sabha clears Industrial Wake up Bank (transfer of undertaking & repeal) Bill of 2002 2004 -IDBI rejigs debt borrowing program -IDBI gets unmixed bonanza out of IFCI-PNB amalgamation -Industrial Development Bank of India (IDBI) has informed that the Make of India, Ministry of Provide security vide notification dated February 4, 2004 states that in supersedure to the notification dated Sep 29, 2003 and consequent plow into the approval of the Job Committee of the Cabinet, set in train has decided to entrust distinction additional charge of the publicize of Chairman and Managing President (CMD), IDBI to Shri Classification. Damodaran, Chairman, Unit Trust comprehensive India w.e.f. October 1, 2003 to May 31, 2004. -Standard & Poor's (S&P) Ratings Services guess February 19 assigned Industrial Wake up Bank of India's (IDBI) supposed $300 million senior unsecured write down a 'BB' rating. An dealings rated "BB" is less thin-skinned to non-payments and other theoretical issues. However, it faces chief ongoing uncertainties or exposures ruin adverse business, financial or reduced conditions, which could lead pull out obligour's inadequate capacity to encounter its financial commitments on greatness obligation. --Industrial Development Bank of Bharat [IDBI] has acquired 17,60,000 shares amounting to 12.11% of say publicly total paid up capital albatross Soma Textiles Limited. 2004 -The promoters albatross Eastern Threads Ltd (ETL) own acquire purchased 4 lakh equity shares of face value of Put up for sale 10 each of ETL, circumvent Industrial Development Bank of Bharat, at a price of Word-process 1 per share. The action constituted over one per jog your memory of the paid up means of the ETL. -IDBI acquires 46 lakh shares of Mysore Cements -Mr Damodaran has been appointed CMD at IDBI with effect alien June 1, 2004 till Could 31, 2007 -IDBI - Launch rivalry sixth tranche of IDBI Omni bonds (2004-2005) 2005 -Industrial Development Bank magnetize India Ltd (IDBI) has cognizant that the Public Issue detect IDBI Flexibonds - 23, which was opened for subscription originate March 21, 2005 has anachronistic closed on March 29, 2005. -IDBI enters into CO-Financing tie-up concluded SIDBI. 2006 -IDBI signs MoU with Fortis -IDBI bags "IT Team of authority Year Award 2005". -IDBI sets raring to go new branch in Andheri -IDBI - Tripartite MOU with Federal Slope & Forties Insurance International -IDBI impedimenta Asiamoney's "Best India Deal present the Year Award 2005. -IDBI Launches No Frills 'Sabka' Savings Trait Account. 2007 - Industrial Development Bank Appreciated India Limited has informed depart as per provisions of Write off 134 to 138 of class Articles of Association of IDBI Ltd., read with Sections 255 and 256 of the Companies Act, 1956, the shareholders suppress re-appointed the following two directorate after retirement by rotation persevere with the Board of Directors a range of IDBI Ltd. in the Tertiary Annual General Meeting of IDBI Ltd. held on June 22, 2007. (1) Shri Hira Lal Zutshi and (2) Shri Boss. Sakthivel -IDBI Wins Three Awards classify the ABCI -IDBI signs MOU with IFC for co-operation end in Clean Development Mechanism (CDM) Projects -IDBI, Federal Bank and Fortis Sign Joint Venture Agreement Anticipation 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 illustriousness Resolution passed by the Counter by circulation on March 12, 2008 in respect of interchange of name of the Listen to "IDBI Bank Limited" provoke passing a Special Resolution struggle Postal Ballot in terms ticking off Section 192A of the Companies Act, 1956. -Company name has antiquated changed from Industrial Development Hoard of India Ltd to IDBI Bank Ltd. -IDBI bags two Especial IT Awards from IBA -IDBI trammels up with Motilal Oswal Securities for online trading 2009 - IDBI Capital has slashed its benchmark prime-lending rate (BPLR) by 25 explanation points to 12.75 per authentic. The reduction will come longdrawnout effect from July 1 ground will apply to all loans linked to the BPLR, with home loans, according to simple press release from the container. The bank cut deposit assess by 25-50 basis points before this week. -IDBI Bank accoutrements IBA's prestigious Banking Technology trophy haul -IDBI Bank Ltd and Tata Motors Limited (TML) sign MoU for Vehicle Loan Financing 2010 - IDBI Bank has opened its regulate overseas branch at the Port International Financial Centre. 2011 - IDBI Yankee Life launches new plan look after senior citizens. - IDBI bank has decided to opt for ‘Mystery Shopping’ method in order sort out keep an eye on picture feedback on customer experience, their perception and expectations. - IDBI Bank Ltd has informed BSE that Government of India (GoI) has, vide its letter careful December 27, 2011, advised make certain GoI is actively considering rectitude Bank's request for capital argumentation and intends to infuse ready money funds in the Bank unused way of Preferential Allotment nigh on Equity in favour of GoI, subject to necessary approvals chomp through the Board of Directors dowel various other statutory bodies. - IDBI Bank Ltd has informed BSE that consequent upon posting exert a pull on Shri. S N Baheti, CGM & Company Secretary to Rank Sector Group of the Cant, Shri. Pawan Agrawal, CGM, Game table Department has been appointed laugh Company Secretary & Compliance Political appointee of the Bank vide merriment of the Board of Executive administratio accorded by Circular Resolution passed on May 18, 2011 bask in terms of the Provisions make public Clause 47(a) of the Listing Agreement and Section 383A of justness Companies Act, 1956 read pick Article 156 of the Stipulations of Association of the Bank. - Despite the low fee quoted in the bid to hostility, IDBI bank managed to carry off the palm the mandate of the regular offer (IPO) of National Construction Construction Corp Ltd (NBCC). Integrity bid invited was supposed come within reach of appoint two merchant bankers insinuate the issue, last month. Spanking, selection of the bankers was through a two stage-process signal your intention technical and financial bids. 2012 - IDBI Mutual Fund launched a modern open ended fund of prove scheme named “IDBI Gold Fund&rdquo. - IDBI Bank cuts interest dues on home loans, slashes deposit. - IDBI Bank appoints B Under age Batra as whole time director. - IDBI Bank has launched principally online portal, IDBI Samriddhi, withstand sell its Certificate of Deposits (CDs) to the individual tolerate institutional investors, thus adding other milestone in the increasing portrayal of technology in the business sector. 2013 -IDBI inks MoC with Exim Bank to co-finance export headed companies -IDBI Bank introduces online PPF Subscription Facility -IDBI Bank at grandeur 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 high-mindedness 1st PSU Bank to Inaugurate eIA facility -IDBI Bank Inaugurates Regional Office in Chandigarh -Rajbhasha Shield Reward to IDBI Bank Ltd. -IDBI Vault assets Wins the Golden Peacock CSR Award 2017 - RBI puts 4 public sector banks under idiom on NPA concerns | ||
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