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IDBI Bank
3.5
based on 1.6k Reviews
Video summary
Company Overview
Associated Companies
Company Locations
Working at IDBI Bank
Company Summary
IDBI Bank offers a wide range of products from savings and current bank account to loans for retail and msme customers or agri loans to farmers
Overall Rating
3.5/5
based on 1.6k reviews
8% below
industry average
Critically rated for
Promotions, Work satisfaction, Work-life balance
Work Policy
Work from office
89% employees reported
Monday to Saturday
45% employees reported
Strict timing
64% employees reported
Within city
45% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
81 employees reported
Health insurance
60 employees reported
Free meal
29 employees reported
Professional degree assistance
25 employees reported
View all benefits
About IDBI Bank
Founded in1964 (61 yrs old)
India Employee Count10k-50k
Global Employee Count10k-50k
India HeadquartersMumbai, Maharashtra, India
Office Locations
Websiteidbi.com
Primary Industry
Other Industries
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View in video summary
Industrial Development Bank of India was established in 1964 by an Act to provide credit and other financial facilities for the development of the fledgling Indian industry. Many national institutes finds their roots in IDBI like SIDBI, Exim bank, NSE and NSDL
Mission:
1: Delighting customers with our excellent service and comprehensive suite of best-in-class financial solutions;
2:Touching more people's lives with our expanding retail footprint while maintaining our excellence on corporate and infrastructure financing;
3: Continuing to act in an ethical, transparent and responsible manner, becoming the role model for corporate governance;
4:Deploying world class technology, systems and processes to improve business efficiency and exceed customer’s expectations;
5: Encouraging a positive, dynamic and performance-driven work culture to nurture employees grow them and build a passionate and committed work force;
6: Expanding our global presence;
7: Relentlessly striving to become a greener bank.
Vision: To be the most preferred and trusted bank enhancing value for all stakeholders.
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IDBI Bank Ratings
based on 1.6k reviews
Overall Rating
3.5/5
How AmbitionBox ratings work?
5
662
4
402
3
272
2
118
1
160
Category Ratings
3.7
Job security
3.7
Salary
3.3
Skill development
3.2
Company culture
3.2
Work-life balance
3.1
Work satisfaction
2.8
Promotions
IDBI Bank is rated 3.5 out of 5 stars on AmbitionBox, based on 1.6k company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at IDBI Bank
based on 1.5k reviews
3.5
Rated by 345 Women
Rated 3.8 for Salary and 3.8 for Job security
3.5
Rated by 1.1k Men
Rated 3.7 for Salary and 3.7 for Job security
Work Policy at IDBI Bank
based on 181 reviews in last 6 months
Work from office
89%
Permanent work from home
7%
Hybrid
4%
IDBI Bank Reviews
Top mentions in IDBI Bank Reviews
+ 5 more
Compare IDBI Bank with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.5/5 based on 1.6k reviews | 3.5/5 based on 11.3k reviews | 3.9/5 based on 10.6k reviews | 4.2/5 based on 11.8k reviews |
Highly Rated for | No highly rated category | No highly rated category | Salary Skill development | Skill development Work-life balance Salary |
Critically Rated for | Promotions Work satisfaction Work-life balance | Promotions Company culture Work satisfaction | No critically rated category | No critically rated category |
Primary Work Policy | Work from office 89% employees reported | Work from office 88% employees reported | Work from office 83% employees reported | Work from office 86% employees reported |
Rating by Women Employees | 3.5 Good rated by 345 women | 3.2 Average rated by 2.1k women | 3.6 Good rated by 1.6k women | 4.2 Good rated by 1.3k women |
Rating by Men Employees | 3.5 Good rated by 1.1k men | 3.5 Good rated by 8.7k men | 4.0 Good rated by 8.4k men | 4.2 Good rated by 10k men |
Job security | 3.7 Good | 3.5 Good | 3.7 Good | 4.1 Good |
View more
IDBI Bank Salaries
IDBI Bank salaries have received with an average score of 3.7 out of 5 by 1.6k employees.
Assistant General Manager
(396 salaries)
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₹12 L/yr - ₹35 L/yr
Senior Sales Executive
(187 salaries)
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₹1.6 L/yr - ₹4 L/yr
Sales Executive
(181 salaries)
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₹1.1 L/yr - ₹3.5 L/yr
Deputy General Manager
(175 salaries)
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₹15 L/yr - ₹50 L/yr
Business Development Executive
(148 salaries)
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₹1.2 L/yr - ₹3.6 L/yr
Branch Head
(129 salaries)
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₹10 L/yr - ₹32 L/yr
Credit Manager
(109 salaries)
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₹8.5 L/yr - ₹32 L/yr
Service Operations Manager
(61 salaries)
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₹6.5 L/yr - ₹20.9 L/yr
Branch Manager
(60 salaries)
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₹10 L/yr - ₹30 L/yr
Sales Manager
(58 salaries)
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₹1.7 L/yr - ₹5.6 L/yr
IDBI Bank News
View all
Deadline Approaching: Special Fixed Deposit Schemes From These Banks End On March 31
- The deadline to avail of special fixed deposit schemes offered by certain banks is March 31.
- State Bank of India offers two special FD schemes, namely Amrit Vrishti FD and Amrit Kalash FD with attractive interest rates.
- IDBI Bank's Utsav Callable FD provides varying interest rates based on the deposit tenure, with the last date to invest being March 31.
- Indian Bank is offering two special FD schemes with competitive interest rates, IND Super (400 Days) and IND Supreme (300 Days), available for investment until March 31.
Bloomberg Quint | 25 Mar, 2025
RBI Imposes Penalties On Citibank And IDBI Bank For Regulatory Lapses In Remittance Transaction
- The Reserve Bank of India (RBI) has imposed a penalty of Rs 36.28 lakh on Citibank N.A. for violations related to reporting of transactions under the Liberalised Remittance Scheme.
- Additionally, a penalty of Rs 36.30 lakh has been imposed on IDBI Bank Ltd for not conducting due diligence in processing inward remittances from a foreign currency account.
- The RBI emphasizes that the penalties are based on regulatory compliance deficiencies and do not question the validity of any agreements or transactions between the banks and their customers.
- The penalties highlight the importance of adhering to the regulatory requirements in remittance transactions.
Bloomberg Quint | 21 Mar, 2025
Halt disinvestment of Govt and LIC’s equity in IDBI to private entities: AIBOA
- The All India Bank Officers' Confederation (AIBOA) has demanded the halt of disinvestment of government and LIC equity in IDBI to private entities.
- AIBOA is also calling for the merger of Nainital Bank with Bank of Baroda, adequate recruitment in all cadres, and the implementation of a 5-day week in the banking industry.
- The demands were part of the notice sent by AIBOA to the Indian Banks' Association and the Chief Labour Commissioner, announcing a two-day nationwide bank strike on March 24 and March 25, 2025.
- AIBOA emphasizes the importance of public sector banks (PSBs) as nation-building instruments, opposing the sale and dilution of stake in various PSBs, and calling for matching recruitments in all cadres and the implementation of a 5-day banking week.
HinduBusinessLine | 9 Mar, 2025
RBL Bank Share Price Target 2025, 2027, 2030, 2035
- RBL Bank was founded in 1943 by Babgonda Bhuijgonda in Kolhapur, Maharashtra, initially focusing on SMEs but has since grown significantly, with 324 branches and 341 ATMs across India.
- Headquartered in Mumbai, RBL Bank's current MD & CEO is R Subramania Kumar, who previously served as DHFL's administrator under RBI.
- The RBL Bank Share Price Target for 2025 is predicted to range between ₹248.03 and ₹428.68, depending on growth and market performance.
- Future projections for RBL Bank's share price show estimates ranging from ₹338.90 to ₹899.87 for the period 2026 to 2030.
- RBL Bank's competitors in the market include HDFC Bank, Kotak Mahindra Bank, IDBI Bank, Federal Bank, and Bandhan Bank.
- As of March 2024, RBL Bank's stock has seen fluctuations, but with improving NPAs and financial stability, investors are hopeful for future growth.
- The RBL Bank Shareholding Pattern includes promoters at 63.71%, FIIs at 7.74%, DIIs at 9.77%, and retail & others at 17.36%.
- Potential target prices for RBL Bank shares up to 2050 indicate long-term growth projections reaching ₹2,904.08 by that year.
- Investors should remain informed about market trends and forecasts to make well-informed decisions regarding investments in RBL Bank shares.
- Stock market predictions are subject to change, so seeking expert advice before investing is recommended to mitigate risks associated with market volatility.
VIE Stories | 18 Feb, 2025
Budget 2025 Expectations Live: Market Impact Seen Limited As Capex, Consumption Boosts Could Be Constrained
- UBS expects the impact of Budget 2025 on markets to remain muted, as capex and consumption boosts could be constrained if the fiscal deficit is capped below 4.5% of GDP in FY26.
- Stake sales in NMDC Steel, IDBI Bank, Shipping Corporation, and BMEL are likely to be deferred to FY26.
- Raising disposable income and boosting rural and urban demand will be the top agenda of Budget 2025.
- Finance Minister Nirmala Sitharaman will unveil Budget 2025 on February 1st.
Bloomberg Quint | 28 Jan, 2025
Stocks that will see action: January 24, 2025
- Patanjali Foods directed to recall batch of red chilli powder by FSSAI.
- NHPC forms joint venture with APGENCO for renewable energy projects.
- Bank of India approves fund raising of ₹5,000 crore through infrastructure bonds.
- IDBI Bank re-appoints Rakesh Sharma as MD and CEO.
HinduBusinessLine | 24 Jan, 2025
IDBI Bank Approves Re-Appointment Of Rakesh Sharma As Managing Director And Chief Executive Officer
- IDBI Bank has approved the re-appointment of Rakesh Sharma as Managing Director and Chief Executive Officer.
- Sharma will serve another three-year term starting from March 19, 2025.
- He initially joined IDBI Bank as Director and CEO on October 10, 2018.
- Prior to that, he served as Director and CEO of Canara Bank for three years.
Bloomberg Quint | 23 Jan, 2025
IDBI Bank reports 31 per cent increase in Q3FY25 standalone net profit at ₹1,908 cr
- IDBI Bank reports a 31% increase in Q3FY25 standalone net profit at ₹1,908 cr.
- Net interest income in the reporting quarter rose about 23% YoY to ₹4,228 crore.
- Overall provisions declined 48% YoY to ₹166 crore.
- Gross Non-Performing Assets improved to 3.57% of gross advances as at December-end 2024.
HinduBusinessLine | 20 Jan, 2025
IDBI Bank Q3 Earnings: Net Profit Jumps 31% To Rs 1,908 Crore
- IDBI Bank reported a net profit of Rs 1,908 crore in the December quarter, a 31% increase from the year-ago period.
- The growth in net profit was attributed to lower provisioning and better interest income.
- The bank's total income rose to Rs 8,565 crore in the October-December quarter, compared to Rs 7,514 crore in the same period last year.
- IDBI Bank's gross non-performing asset ratio improved to 3.57% and net NPA declined to 0.18% as of December 31, 2024.
Bloomberg Quint | 20 Jan, 2025
Bandu’s Blockbusters for January 19, 2025
- Bandu, an aspiring investor and trader, picks five stocks each week.
- This week's stock picks by Bandu: IDBI Bank, Minda Corp, L&T Technology Services, Manappuram Finance, and Bharat Dynamics.
- Last week's winner of Bandu's challenge was Kunal Sridhar, who had correctly picked UNO Minda stock.
- Return on UNO Minda stock from Jan 10 to Jan 17 was -1.78%.
HinduBusinessLine | 19 Jan, 2025
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IDBI Bank Subsidiaries
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3.0
• 1 review
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IDBI Bank FAQs
When was IDBI Bank founded?
IDBI Bank was founded in 1964. The company has been operating for 61 years primarily in the Banking sector.
Where is the IDBI Bank headquarters located?
IDBI Bank is headquartered in Mumbai, Maharashtra and has an office in Mumbai
How many employees does IDBI Bank have in India?
IDBI Bank currently has more than 16,000+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in IDBI Bank based on the number of reviews submitted on AmbitionBox.
Does IDBI Bank have good work-life balance?
IDBI Bank has a work-life balance rating of 3.2 out of 5 based on 1,600+ employee reviews on AmbitionBox. 34% employees rated IDBI Bank 3 or below, while 66% employees rated it 4 or above for work-life balance. This rating suggests that while some employees recognize efforts towards work-life balance, there is scope for improvement based on employee feedback. We encourage you to read IDBI Bank work-life balance reviews for more details
Is IDBI Bank good for career growth?
Career growth at IDBI Bank is rated as poor, with a promotions and appraisal rating of 2.8. 34% employees rated IDBI Bank 3 or below on promotions/appraisal. This rating reflects a negative sentiment among employees for career growth. We recommend reading IDBI Bank promotions/appraisals reviews for more detailed insights.
What are the cons of working in IDBI Bank?
Working at IDBI Bank does have some drawbacks that potential employees should consider. The company is poorly rated for promotions / appraisal, work satisfaction and work life balance, based on 1,600+ employee reviews on AmbitionBox.
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