
Active
This profile is actively maintained
Active
This profile is actively maintainedWebsite | 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 via the Life Insurance Corporation (LIC). The bank's 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. It is owned by the government of India. 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.
The Industrial Development Bank of India does not have any publicly available investment policies. Its web page on corporate social responsibility can be accessed here.
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.
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".
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