IDBI Bank Share Price

IDBI Bank Ltd.

IDBI BankIDBI Bank Limited is an Indian-owned government company. The business segments include Treasury, Corporate/Wholesale Banking, Retail Banking and other banking operations. The Treasury department includes all investment securities, money market activities, derivatives trading, foreign exchange for clients, and in-house accounts. In addition, the company also provides priority sector lending and other credit and deposit activities in retail banking, targeted primarily at individuals and small businesses.

In addition, the retail banking category includes payment and alternative channels such as credit cards, debit cards, travel/currency cards, Internet banking, mobile banking, automated teller machines (ATMs), point of sale (POS) machines, and transaction banking services provided by third parties. Corporate relationships about deposit and credit activities other than retail are covered under the Corporate/Wholesale Banking sector. The company also covers project assessment and corporate advisory/syndication.

About IDBI Bank share news

The Industrial Development Bank of India is another name for IDBI Bank. It is engaged in the financial intermediation of discount houses, savings banks, postal savings banks, and commercial banks. 1964 IDBI was founded as a Development Financial Institution (DFI). After operating as a DFI for forty years, it changed its name to a bank in 2004.

In 2006, Union Western Bank Ltd. and IDBI Ltd. merged. In 2008, IDBI Ltd. became IDBI Bank Ltd., the bank's new name. The inorganic expansion was sustained when IDBI Home Finance Ltd. and IDBI Gilts merged to form IDBI Bank in 2011. Following the purchase of a 51% share by Life Insurance Corporation Bank of India, the bank was reclassified as a private sector bank in 2019, which increased the IDBI Bank share price.

In March 2023, the bank's inventory included 3,334 ATMs, 1,928 branches, and 58 e-lounges. For the same year, 42 new branches were added, which enhanced the firm. By the conclusion of FY 2023, the bank's balance sheet had a value of ₹3,30,502 crores.

Banking sector overview

The banking services are fundamental to the economy because they provide financial services to consumers and corporate customers. It has over 165 commercial banks, viz. public, private or foreign and so on and plays an important role in Indian Top several banks. The Top bank is SBI, with about 23% of the assets. Notable players are private banks having substantial market shares like HDFC, ICICI etc.

The industry has expanded, with total assets topping $3.4 trillion recently. Due to the increasing usage of digital banks, more than 800 million people use mobile banking. However, problems like regulatory compliance and non-performing assets (NPA) persist. Nevertheless, the competition in the banking industry is solid, with its ability to adopt technological advancements and consumer behavioural changes.

IDBI Bank Limited Competitors

Here is the list of IDBI Bank Limited's competitors:

• HDFC Bank
• IDFC First Bank
• Axis Bank
• Bandhan Bank
• IndusInd Bank
• Kotak Mahindra Bank
• ICICI Bank
• RBL Bank

IDBI bank share dividend history

• 1964: IDBI was incorporated on 1st July in Mumbai as a wholly owned subsidiary of the Reserve Bank of India under the Industrial Development Bank of India Act.
• 1965: Introduced one scheme for rediscounting usance bills/promissory notes related to selling indigenous machinery on a deferred payment basis.
• 1966: Introduced a participation scheme for risk-sharing with other institutions.
• 1972: Established the Kerala Industrial and Technical Consultancy Organisation.
• 1976: Established the Technical Development Fund (TDF) to promote capacity utilisation, technological upgrading, and export development.
• 1982: Issued 5.5 million IDBI bank share price today.
• 1983: Issued 13 million IDBI Bank bonus shares.
• 1984: Introduced the equipment finance scheme and issued 3 million IDBI Bank share price NSE.
• 1985: Introduced the Equipment Refinance Scheme and Foreign Currency Refinance Scheme.
• 1986: Established the Small Industries Development Fund.
• 1987: Introduced the National Equity Fund Scheme.
• 1988: Issued 4.5 million shares.
• 1989: Issued 9.7 million shares.
• 1991: Merged the Development Assistance Fund with the General Fund. Started issuing bonds and debentures and introduced 3-year 9% capital for public sale.
• 1992: Issued unsecured bonds for a minimum aggregate amount of ₹ 300 crores.
• 1993: Reorganised authorised capital and equity shares and converted equity shares into preference shares.
• 1994: Became a member of the National Stock Exchange and promoted IDBI Bank Ltd.
• 1995: Sanctioned 17 new ventures and agreed with the World Bank for environmental protection projects.
• 1997: Accepted debenture trusteeship assignments. Became the 1st financial institution to apply NSDL as a depository participant. Signed various loan agreements and credit lines.
• 1998: Commissioned a study on the nation’s debt market.
• 1999: IDBI Bank Ltd. went public. Entered into alliances with American Express Bank for financial services.
• 2001: Partnered with India Post for investment opportunities. Launched various financial products and services. Explored management partnerships and new ventures.
• 2003: Executed several financial and corporate actions, including acquisitions, loans, and restructuring packages. Received ratings and awards for its operations.
• 2004: Undertook debt restructuring and stake acquisitions in various companies.
• 2006: Won awards and launched new banking products and services. Expanded operations through partnerships and alliances.
• 2007: Re-appointed directors and won awards for banking technology. Launched a new savings account scheme.
• 2009: Reduced benchmark lending rates and won banking technology awards. Signed agreements for vehicle financing and opened overseas branches.
• 2010: Opened the first overseas branch in Dubai. Launched new insurance plans and adopted mystery shopping for customer feedback.
• 2011: Explored capital infusion and implemented technology-driven customer experience feedback mechanisms. Won awards and entered into agreements for financial services.
• 2013: Signed agreements for export finance and introduced online subscription facilities. Won awards for innovation and technology.
• 2014: Launched the eIA facility and inaugurated new offices. Received awards for corporate social responsibility and won ratings for financial instruments.
• 2021: Launched unique products for healthcare and differently-abled individuals.
• 2022: Received the Mobile App Excellence Award at the India BFSI Awards.

Company Profile – Strengths and Weaknesses

Strengths

• The amount of working capital the company requires has decreased from 77.2 days to 11.1 days.
• The business has been paying out a respectable 19.0% dividend.
• The company has produced strong profit growth for the past five years at a 19.0% CAGR.

Weaknesses

• The company's interest coverage ratio is inadequate.
• The company's three-year return on equity is a poor 9.19%.

The financials

Shareholding pattern of IDBI Bank Limited

Here is the shareholding pattern of IDBI Bank Ltd:

• Promoters: 94.71%
• FII: 0.03%
• DII: 0.36%
• Public: 4.89%
• Others: 0.01%

Peer comparison