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Last update: 2024-11-01 14:25:05

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

BankTrack

Partners

Blog

External

Blog

BankTrack news BankTrack blog Partner news Partner blog

Major ‘coal banks’ refuse to stop financing coal power boom in Asia

To stop a wave of new coal development across Asia, the End Coal Finance coalition is asking likely financiers to pledge not to back new coal power projects.

2024-11-14 | Nijmegen | BankTrack, Inclusive Development International, Recourse

Blog

BankTrack news BankTrack blog Partner news Partner blog

Mapping Garment Industry Funding in India

2022-04-06 | Fair Finance Asia, Fair Finance India

Blog

BankTrack news BankTrack blog Partner news Partner blog

Could financial sector vigilance have avoided Vizag gas leak?

India must make Environment, Social and Governance accountability mandatory so that lenders are responsible towards tax payers

2020-07-01 | Shreya Kaushik, Fair Finance India

Resources

Documents

Links

Annual report 2023-2024

Annual report

2024-07-16 00:00:00 | IDBI

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

Annual report 2022-2023

Annual report

2023-07-11 00:00:00 | IDBI Bank

Annual report 2021-2022

Annual report

2022-07-05 00:00:00 | IDBI Bank

Annual report 2020-2021

Annual report

2021-07-12 00:00:00 | IDBI

Annual report 2019-2020

Annual report

2020-07-01 00:00:00 | IDBI Bank

Business responsibility report 2018-2019

Date listed represents date as accessed on website

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

Annual report 2017-2018

Annual report

2018-06-30 00:00:00 | IDBI Bank

Annual Report 2013-2014

Annual report

2015-04-30 00:00:00 | IDBI Bank

Annual Report 2012-2013

Annual report

2014-01-01 00:00:00 | IDBI Bank

Annual Report 2011-2012

Annual report

2014-01-01 00:00:00 | IDBI Bank

CSR page

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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