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Industrial Development Bank of India (IDBI)India

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Last update: 2024-11-01 14:25:05
IDBI Tower in Mumbai, India. Photo: Ninad Chaudhari via Flickr (CC BY 2.0)

Active

This profile is actively maintained
Last update: 2024-11-01 14:25:05
About
Website http://www.idbi.com
Headquarters
IDBI Tower, WTC Complex, Cuffe Parade, Colaba
400005 Mumbai
India
CEO/chair Rakesh Sharma
Managing Director and CEO
Supervisor
Ownership
listed on Bombay Stock Exchange & NSE

IDBI Bank is majority-owned by the Indian state. The bank's complete shareholder structure can be accessed here.

The Industrial Development Bank of India (IDBI) was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry. The bank's main objective is to provide financial assistance to industrial enterprises. The bank offers financial products and services such as deposits, loans, payment services and investment solutions.

Sustainability
Commitments
Policies
Voluntary standards

IDBI Bank's most important sustainability commitments can be found at the website sections listed below.

Links

Corporate social responsibility

Environmental, Social & Governance (ESG)

Human Rights Policy

Bank policy
2024-05-09 00:00:00 | IDBI

CSR policy

Bank policy
2024-04-01 00:00:00 | IDBI

ESG policy

Bank policy
2024-03-28 00:00:00 | IDBI

Anti-money laundering policy

Bank policy
2019-01-28 00:00:00 | IDBI Bank

General code of conduct and ethics

Bank policy
2019-01-25 00:00:00 | IDBI Bank
Industrial Development Bank of India (IDBI) has committed itself to the following voluntary standards:
Dodgy Deals

Industrial Development Bank Of India (IDBI) is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Industrial Development Bank Of India (IDBI)'s link to these deals.

Projects / Companies
Finance type
Year
News
Resources
Documents
Links
Accountability
Grievances

IDBI Bank operates a Grievance Redressal channel which can be accessed here.

This page evaluates Industrial Development Bank of India (IDBI)'s responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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