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1M Return
6M Return
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Total Traded Value
Market Cap (in crs)
Face Value
Turnover (in lacs)
*All values are in ₹ Cr.
*All values are in ₹ Cr.
*All values are in ₹ Cr.
*All values are in ₹ Cr.
Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 |
---|---|---|---|---|
7445.01 Cr | 6669.84 Cr | 6994.7 Cr | 6548.98 Cr | 6038.35 Cr |
Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
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30370.41 Cr | 25166.9 Cr | 23238.41 Cr | 24803.63 Cr | 25485.44 Cr |
Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 |
---|---|---|---|---|
1848.73 Cr | 1739.15 Cr | 1655.09 Cr | 1480.81 Cr | 1393.24 Cr |
Period | Combined Delivery Volume | NSE+BSE Traded Volume |
---|---|---|
Day Rs | 1135891 Rs | 2959301 Rs |
Week Rs | 1722389 Rs | 4380800 Rs |
Month Rs | 2231257 Rs | 6649393 Rs |
Company | Market Price | Market Cap | 52W Low | 52W High |
---|---|---|---|---|
91205.4 | 84.92 | 128.9 | ||
72890.96 | 408 | 632.7 | ||
72864.7 | 926.45 | 1694.5 | ||
97706.57 | 42.05 | 83.75 | ||
90198.68 | 106.68 | 172.5 | ||
62072.77 | 19.02 | 32.85 |
IDBI Bank Ltd, one of India's largest commercial banks, has carved a niche as a universal banking institution. Its journey began in 1964 as the Industrial Development Bank of India, a wholly-owned subsidiary of the Reserve Bank of India (RBI). Over the decades, the bank has evolved from being a development financial institution (DFI) into a full-fledged commercial bank, offering personalized banking and financial solutions to retail and corporate clients through a robust network of branches and ATMs across India. Additionally, its overseas presence through a branch in Dubai underscores its global aspirations.
Initially, IDBI Bank was established to act as a financial catalyst for India's industrial growth. For 40 years, it played a pivotal role as a public financial institution, focusing on financing, promoting, and developing industries across the country. In 1976, its ownership was transferred from the RBI to the Government of India, solidifying its position as a principal financial institution. The bank's International Finance Division was subsequently transferred to the Export-Import Bank of India in 1982, marking its focus on domestic growth and diversification.
In 1995, IDBI Bank ventured into the public domain with its Initial Public Offering (IPO), reducing the Government of India's stake to below 100%. The transformation into a banking entity occurred in October 2004 when it adopted the name Industrial Development Bank of India Ltd. This marked the beginning of its journey as a commercial bank capable of handling all kinds of banking activities while maintaining its developmental focus.
The bank's strategic acquisitions were instrumental in its growth. In 2005, IDBI Bank merged with its banking subsidiary, and in 2006, it absorbed United Western Bank Ltd, further strengthening its presence. These inorganic growth strategies were complemented by the incorporation of wholly-owned subsidiaries like IDBI Gilts Ltd for primary dealership and IDBI Intech Ltd for IT services.
IDBI Bank has diversified its offerings over the years to include treasury services, wholesale banking, and retail banking. Its six wholly-owned subsidiaries—IDBI Homefinance Ltd, IDBI Gilts Ltd, IDBI Intech Ltd, IDBI Capital Market Services Ltd, IDBI Asset Management Ltd, and IDBI MF Trustee Company Ltd—enable it to provide a wide array of financial services. The bank also ventured into insurance through IDBI Fortis Life Insurance, a joint venture with Federal Bank and Fortis Insurance International, marking its foray into the life insurance sector.
In recent years, IDBI Bank has been at the center of India's banking privatization drive. The government, which previously held a majority stake in the bank, has initiated steps to reduce its shareholding, opening doors for strategic investors. This move is aimed at enhancing the bank’s operational efficiency, governance, and market competitiveness.
The Life Insurance Corporation of India (LIC) became a significant shareholder in 2019, marking a new phase in the bank's history. LIC's involvement brought in fresh capital and a broader customer base, given its vast network and policyholder base. This strategic partnership has positioned IDBI Bank to explore synergies between banking and insurance, offering bundled products and services to customers.
A hallmark of IDBI Bank’s operations has been its adoption of cutting-edge technology. Its core banking IT platform ensures seamless operations, while initiatives like internet banking, mobile payments, and multi-currency acquiring facilities have enhanced customer experience. The bank has introduced innovative products such as Wealthsurance, Homesurance, and 3-in-1 saving-cum-demat accounts with trading facilities. Its efforts to cater to niche markets are evident in products like Kids Card and Platinum Card, aimed at specific customer segments.
IDBI Bank has continuously expanded its portfolio to serve both retail and corporate clients. It launched various loans, including Loan Against Rent Receivables, Reverse Mortgage Loan, and MSME-focused products like SME Smart Line of Credit. Its collaborations with institutions like SIDBI and Tribal Development Departments showcase its commitment to financial inclusion and support for economically weaker sections.
Moreover, IDBI Bank’s partnership with the Unique Identification Authority of India (UIDAI) highlights its role in supporting government initiatives. It also caters to urban poor through schemes like the Interest Subsidy Scheme for Housing the Urban Poor (ISHUP).
Over the years, IDBI Bank has significantly expanded its footprint. By 2010, the bank operated 720 branches and 1,210 ATMs, with its first overseas branch in Dubai serving as a hub for corporate banking services. Its state-of-the-art treasury operations and next-generation cash management systems underscore its focus on operational excellence.
IDBI Bank has embraced digital transformation to stay competitive in a rapidly changing banking landscape. The bank has invested in state-of-the-art technology to enhance its service delivery and customer experience. Its digital banking platforms, mobile applications, and internet banking services have made banking more accessible and convenient for customers.
The bank has also focused on introducing innovative products tailored to the needs of specific customer segments. For instance, its specialized loans for MSMEs, agricultural finance products, and customized retail banking solutions reflect its commitment to inclusive banking.
The bank’s commitment extends beyond business to societal impact. Through partnerships with state governments and tribal development agencies, IDBI Bank has actively participated in financial inclusion initiatives. Its ISO-certified currency chests and efforts to support artisans through credit card schemes highlight its dedication to underserved communities.
IDBI Bank's market relevance is further reflected in its consistent emphasis on enhancing its retail and corporate banking services. The bank's introduction of products like Loan Against Property and its tie-ups with financial institutions have solidified its position in the Indian banking landscape. This focus on offering holistic financial services aligns with its broader goal of driving customer satisfaction and expanding its market share.
In conclusion, IDBI Bank Ltd's rich legacy and strategic evolution position it as a key player in India's financial sector. Its robust IT infrastructure, innovative product offerings, and commitment to financial inclusion have enabled it to stay relevant in a competitive market. Whether through its personalized services or its focus on developmental banking, IDBI Bank continues to shape the financial landscape while maintaining its core values. Investors and stakeholders keenly monitor the IDBI Bank Share Price, reflecting the bank's market standing and growth potential.
As one of the pioneers in developmental finance, IDBI Bank has played a pivotal role in India's industrial growth. Its initial mandate was to provide long-term finance to large industrial projects, which significantly contributed to the country's infrastructure and industrialization. Even after transitioning to a universal bank, IDBI continues to support sectors crucial to India’s economic development, such as infrastructure, energy, and manufacturing.
The bank's corporate banking division offers financial solutions that cater to the needs of large businesses and multinational corporations. At the same time, its retail banking services address the financial aspirations of individuals, from savings to homeownership.
IDBI Bank is poised for growth, leveraging its strong foundation and strategic partnerships. The ongoing privatization process and LIC's involvement are expected to bring in fresh perspectives and management practices. These changes, coupled with a focus on technology and customer-centric innovations, position the bank for a brighter future.
The IDBI Bank Share Price is likely to remain a key indicator of its progress. As the bank continues to strengthen its financial health and expand its offerings, investors are optimistic about its ability to deliver value in the long run.
IDBI Bank Ltd shares are currently priced at 76.05 on NSE and 76.03 on BSE as of 12/23/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.
The past 1-year return of IDBI Bank Ltd [IDBI] share was 15.31. The IDBI Bank Ltd [IDBI] share hit a 1-year low of Rs. 65.25 and a 1-year high of Rs. 107.9.
The market cap of IDBI Bank Ltd is Rs. 81772.02 Cr. as of 12/23/2024 12:00:00 AM.
The PE ratios of IDBI Bank Ltd is 12.3 as of 12/23/2024 12:00:00 AM.
The PB ratios of IDBI Bank Ltd is 1.79 as of 12/23/2024 12:00:00 AM
The Mutual Fund Shareholding was 0.02% at the end of 12/23/2024 12:00:00 AM.
You can easily buy IDBI Bank Ltd shares in Kotak Securities by opening a demat account and getting the KYC documents verified online.