Idbi Bank IFSC code, MICR code, Address

Idbi Bank branch details in India

Last Updated 22nd Mar 2017
  • Idbi Bank has 2,060 branches across India spread over 34 states and union territories.
  • Maharashtra state, with 462 branches has the largest number of Idbi Bank branches in India followed by Kerala state with 303 branches and Karnataka state with 139 branches.
  • Statewise distribution of Idbi Bank branches in India is as below. To find branch address, phone, IFSC code, MICR code of the branch that you are looking for, click on the state where the branch is located.

    About Idbi Bank

    • Idbi Bank is a Public Sector Bank in India with 1,717 branches, 3,000 ATM's and 16,555 employees across the country.
    • Idbi Bank's registered office is located at IDBI Tower, WTC Complex, Cuffe Parade Mumbai Maharashtra-400005 .
    • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 1,660 crs and Standalone net profit of Rs. 546 crs. Idbi Bank reported total deposits of Rs. 259,836 crs and total advances of Rs. 208,377 crs.
    • Idbi Bank's management is led by its CEO Mr. Kishor Kharat.
    • Highest fixed deposit interest offered by Idbi Bank is % per annum on deposits.
    • Its current Base Rate is 9.65%, which was last revised on 01st Aug 16.
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News - Mar 2017
21st Mar 17 Government swaps chief executives of IDBI Bank, Indian Bank
Mahesh Kumar Jain, MD and CEO of Indian Bank have been appointed as MD and CEO of IDBI Bank. Mahesh Kumar Jain will head IDBI Bank for the remaining period of his current tenure or until further orders, whichever is earlier, IBDI Bank added.
28th Feb 17 IDBI Bank to restrict corporate loans and expand its retail loan business
IDBI Bank has decided to limit its fresh loan disbursements to corporate sector due to rising quantum of bad loans. Simultaneously, the bank has decided to expand its business in retail loan segment. The decision has been taken to arrest the burgeoning non-performing assets.The bank has witnessed a significant rise in its non-performing assets by Rs. 5,111 crore at Rs. 35,254 crore during the third quarter of FY17.
27th Feb 17 IDBI Bank is set to receive Rs. 3,000 crore bailout package from government
The Central Government of India is set to invest Rs. 3,000 crore in IDBI Bank as a bailout package. The infusion of funds is expected to help the bank in maintaining its capital adequacy ratio and revive its falling credit growth. Earlier the bank has received approval from board of directors to divest some of its non core activities through which the bank expects to raise Rs. 5,000 crore.
07th Feb 17 IDBI Bank cuts home loan interest rates
IDBI Bank has reduced its home loan interest rates by 60 basis points for new home loan borrowers. The revised home loan interest rate now stands at 8.55 percent as compared to 9.15 percent earlier. The new rate is effective from 1st February, 2017.
02nd Jan 17 IDBI cuts MCLR by up to 40 basis points
IDBI Bank has reduced its overnight and three months marginal cost of lending rates to 8.50 and 8.85 percent as compared to 8.75 and 9.15 percent earlier. The revised MCLR for six months and one year now stands at 8.90 and 9.15 percent respectively. Similarly, three year MCLR has reduced to 9.30 percent as compared to 9.70 percent earlier. The rates are effective from 1st January, 2017.
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