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SUBMITTED BY:
AANCHAL NARANG
MBA/05/15
INDEX
S NO.
TOPIC
PAGE NO.
EXECUTIVE SUMMARY
INTRODUCTION OF COMPANY
INTRODUCTION OF STUDY
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OBJECTIVE OF STUDY
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RESEARCH METHODOLOGY
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ADVANTAGES
51
LIMITATIONS
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SUGGESTIONS
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RESEARCH METHODOLGY
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ACKNOWLEDGEMENT
EXECUTIVE SUMMARY
The study was undertaken to study in detail the various policies and schemes of IDBI,
IDBI venture capital and IDBI comparison is done with other banks.
RETAIL BANKING
CORPORATE BANKING
RETAIL BANKING "is typical mass-market banking where individual customers use
local branches of larger commercial banks. Services offered include: savings and
checking accounts, mortgages, personal loans, debit cards, credit cards, and so forth."
Banking services for individual customers.
IDBI is leader in Film Financing; size of the loan can't be less than Rs 40 million and
anything above Rs 200 million will have to be backed by a completion guarantee. And
last year decided to double its exposure limit to Rs 2 billion.
It is the only bank that provides Rediscounting facility to other commercial bank.
It also promotes Venture capital.
This study has been conducted with the help of material and information provided
by the companys website.
Some limitation may be there in a study of this nature because some
confidential data may create problem.
VISION
To be trusted partner in progress by leveraging quality human capital and setting
global standards of excellence to build the most valued financial conglomerate"
PHASES OF IDBI
IDBI was established in 1964 by parliament as a wholly owned subsidiary of RBI. In
1976 the banks ownership was transferred to the government of India.
IDBI has provided assistance to development related projects and contributed
to building up substantial capacities in all major industries in India. It has played a
dominant role in balanced industrial development.
In 1992, IDBI transferred its International Finance Division to Export- Import
bank of India, which was a wholly owned corporation of Government of India under
Export Import Bank of India Act, 1982.
SUBSIDIARIES
BRANCH NETWORK
NO OF BRANCHES
METRO
URBAN
SEMI URBAN
RURAL
169
132
85
46
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This project is all about studying IDBI BANK. Their comprehensive banking solution
and their strengths.
RETAIL BANKING
CORPORATE BANKING
DEPOSITS
LOANS
PAYMENT
INVESTMENT
INSURANCE
CARDS
24 HOURS BANKING
INSTITUTIONAL BANKING
PROJECT FINANCE
NON PROJECT FINANCE
INFRASTRUCTURE FINANCE
CORPORATE LOANS
FILM FINANCE
TREASURY PRODUCTS
DIRECT DISCOUNTING OF BILL
FINANCE FOR OVERSEAS
OTHER PRODUCTS
PREFERRED BANKING
ACQUISTION
REDISCOUNTING
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RETAIL BANKING
1. DEPOSIT
SAVING ACCOUNT
CURRENT ACCOUNT
FIXED DEPOSIT
PENSION ACCOUNT
SABKA ACCOUNT
a) SAVING ACCOUNT
Experience Complete Banking Convenience
The Super Savings Account is a complete financial package that provides customer with
easy access to their money and complete banking convenience too.
It offers a customer whole range of options for optimal management of money.
So apart from the basic benefits of a savings account, IDBI offer options for faster
transfer of funds, options to pay your bills or tax online and options to grow money at
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attractive interest rates in the savings account. All these features are offered for a
minimum balance of Rs 5,000.
Instant Banking
Family Account
Easy Payments
b) CURRENT ACCOUNT
IDBI Current Accounts not only gives the flexibility of banking anytime, anywhere, but
also allows to save more money while doing business across the country.
Roaming Current Account from IDBI comes packed with a host of services and facilities
that makes banking convenient and hassle-free. With services such as multi-city and
multi-branch banking, electronic funds transfers, national clearing in 15 cities, 24x7 cash
withdrawals from ATMs, Internet Banking, Phone Banking and SMS Banking, customer
are assured of faster remittances and collection of funds at competitive rates. Whats
more, extended IDBI Banking hours and Sunday Banking, all this to simplify banking for
you.
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FEATURES
Receive payments form your customers without any charge deducted from the
amount
Do all your banking right from where you are or wherever you travel
Most importantly, maintain better relations with your vendors and customers.
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The amount as decided by Customer will be deducted every month from your savings
account. Further, there is no Tax deducted at source on these deposits and also no charges
for executing your standing instructions.
Overdraft against Fixed Deposit
Tide over your urgent cash requirements without breaking your Fixed Deposit
This option allows Customer to continue earning the higher rate of interest on an FD and
at the same time, Customer meet their monetary requirements.
An overdraft of upto 90% of the FD/Multiple FDs held with the bank, will be setup in
your zero balance savings account.
The overdraft can be availed against an FD amount of Rs. 50,000 or higher at very
competitive rates. Moreover, the overdraft is first given on the FD earning least interest
so that your interest payout is minimized.
Senior Citizens Fixed Deposits
Earn higher rates
In senior citizen case, customer can have the advantage of earning higher interest on their
regular income plans and reinvestment plans.
IDBI interest rates for senior citizens are higher by 0.50% pa. You can choose from
tenure ranging from 46 days to 9 years for minimum deposits starting from Rs 10,000
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List of benefits:
9.5%* p.a. for 800 days, 9%* p.a. for 360 days and 8.5%* p.a. for 300
days - Regular Deposits
10%* p.a. for 800 days, 9.5%* p.a. for 360 days and 9%* p.a. for 300
days - Senior Citizens Deposits
Cheque book
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d) PENSION ACCOUNT
IDBI's Pension Account gives the joy of receiving pension without any tension. The
Pension account comes along a host of additional features that will bring banking at ease
for customer.
e) SABKA ACCOUNT
IDBI introduces Sabka Account - a savings account thats literally meant for everyone;
absolutely elementary in its approach and with an average quarterly balance requirement
of just Rs 250.
SALIENT FEATURES OF SABKA ACCOUNT
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Recurring Deposits
This account offers a recurring fixed deposits service wherein customer can earn a higher
rate of interest just by investing a small amount (as low as Rs 500) every month.
Introduction from another account holder who has been subjected to full KYC
procedure as required by the bank. (The introducer's account with the bank should
be at least six month old and should show satisfactory transactions. Photograph of
the customer who proposes to open the account and also his address needs to be
certified by the introducer)
Or
Any other evidence as to the Identity and Address of the customer as required by
the bank
2.) LOANS
HOME LOAN
EDUCATION LOAN
PERSONAL LOAN
IPO FINANCE
a)HOME LOANS
Customer can avail of the Home Loans for constructing a home, purchasing a ready built
house/flat, residential plot and even for re-financing existing loans you may have availed
from other banks or housing finance company.
Advantages of IDBI Home Loans
Simple documentation
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IDBI realize how important it is to raise money in the face of exigencies. IDBI help
through these difficult situations through customer friendly Loans against Home product.
Loans could be used for:
Education
Business
Marriage
Services at doorstep
Simple documentations
Personalized services
c) EDUCATION LOANS
Education loans from IDBI aim at providing financial support to deserving/ meritorious
students for pursuing higher education in India and abroad. With an array of courses to
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choose from and easy repayment options, IDBI makes sure customers get complete
financial backing.
d) PERSONAL LOAN
Personal Loans from IDBI comes with an insurance cover. This means when times are
tough, customer will have an insurance cover to take care of the EMI's.
In case of loss of job, the insurance company will pay the EMIs for up to 3
months
E) IPO FINANCE
IDBI provides financing to individuals for applying to an initial public offering (IPO) of
select companies. The entire application amount will be offered as a loan against some
margin money collected from the individual. The contracted interest rate for loan would
be charged on the application money net of the margin money.
f) LOAN AGAINST SECURITIES
The Loan against Securities is an overdraft facility against individual securities. It
helps individual to meet the exigency of life through an overdraft facility giving easy and
flexible access to short-term funds without the need to sell your securities.
It includes:
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3.) PAYMENTS
a) Tax Payment
Individuals can pay their taxes thorough any of the following ways:
Now, prepaid users can get mobile phone refills without any hassles. Just get registered
with IDBI's Easy Fill Instant Mobile Refill and refill your mobile phone account.
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.Technology has always been at IDBI forefront and time and again, IDBI have been using
it to redefine service. With Easy Fill, individual can refill airtime in any denomination
between Rs 200 to Rs 5,000, depending on your requirement and your budget.
c) Electronic bill payment
No more queues at phone and power company offices. No more headaches due to late
payment fees. No more worries of having phone or electricity line cut-off because. The
Electronic Bill Payment facility from IDBI cuts out the hassles.
This bill payment service gives individual the flexibility of viewing and paying their bills
online. All the need is to do enter the billing details in IDBI Internet Banking, and then,
start paying utility bills, insurance premiums, etc, month on month, absolutely hasslefree.
d) Card to card money transfer
Sending money within India has never been this simple, convenient, fast and safe! IDBIs
Card to Card Money Transfer facility; a first-of-its-kind money transfer service in India is
the absolute way to send money anywhere, anytime to any Visa Debit or Credit
cardholder in India. Banks customers can now transfer money from their Bank account
or Visa card to any other Visa debit or credit card across the country through this service.
FEATURES
Card To Card Money Transfer comes packed with a host of features such as:
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Benefits
Cheaper, faster and more convenient than Demand Drafts, telegraphic transfers
and Payable-At-Par cheques
e) Shopping
www.esevaonline.com
www.indiatimes.com
www.vizagcityonline.com
www.ebay.in
www.rediff.com
www.fabmall.com
www.mid-day.com
www.visakhapatnammunicipalcorporation.com
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4.) INVESTMENT
DEMAT ACCOUNT
INVESTMENT SERVICES
a) Demat account
Paper securities are passe. Enter the world of dematerialized shares, bonds and other
securities. Convert your securities to dematerialized form with IDBI Demat Account. It's
as simple as opening a Savings Account.
Lowest fees
Statement by emails
When is the right time to invest? This is the eternal question that is always on our mind. IDBI,
understand this customer requirement and are therefore presented Investment Advisory
Service.
IDBI believe that all investors share a common goal, regardless of their objectives:
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Superior and sustained returns with a tight control over risk. Meeting long-term investment
goal is dependent on a number of factors: individual investment capital, expected rate of return,
inflation, taxes and investment time horizon. To meet such requirements, IDBI offer
investment options based on risk tolerance and return expectations
5.) INSURANCE
FAMILY CARE
LIFE INSURANCE
a) FAMILY INSURANCE
The Family Care Policy is a complete health insurance plan that covers individual, his/
her spouse and two dependant children up to the age of 25 years. It enables to access the
best medical treatment in case of a sudden illness, accidents or an emergency surgery,
without any hassles.
The Family Care policy covers the hospitalisation expenses as a result of any illness and
accident*. Unlike any other regular policy, wherein a family has to take individual
policies for each member, this unique family floater policy gives you the flexibility of
taking one policy that covers the entire family under a single sum insured.
b) LIFE INSURANCE
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IDBI brings Birla Sun Life Insurance, one of the leading providers of life insurance
products.
To invest in an insurance policy, just walk into any of IDBI branches and meet Certified
Insurance Officer. After studying individual profile, short-term and long-term needs and
plans for the future, he will recommend a policy thats best.
6) PREFERRED BANKING
With special features to help save customer time and efforts, and tools to
help to build wealth through efficient deployment of assets, Preferred Banking promises
to make banking experience a fulfilling one.
Relationship Banking
To extend the benefits further, IDBI offer relationship pricing on all banking transactions
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to help save while you relax in the luxury of Exclusive Preferred banking zones at
designated branches.
To ensure the same high standards of service, every time, a priority back office cell will
strive to respond to all your queries and requirements.
Asset Products
IDBI offers a range of specially designed loan products with the convenience of doorstep service.
Customer can enjoy hassle free priority processing right from application to
disbursement. Special relationship pricing will ensure that save time & money while
customer needs are met.
Investment Advisory
IDBI understand that no two investors have same requirements. Thats why; IDBI Banks
Investment Advisory cell provides customized investment solutions.
With a wide variety of investment products, to choose from, IDBI help to build a
portfolio that is in tune with customer financial needs and aspirations.
Preferred Banking offers a one stop solution with products ranging from fixed deposits to
Govt. of India Bonds and Mutual Funds to Unit Linked Insurance Plans.
Anytime Access
Individual can use any of the modes to ask for Relationship manager or to keep in touch
with your finance while on the move.
- 24-hour dedicated Toll-Free Phone Banking Assistance
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CITIZENIDBIBANK
INSTITUTIONAL SAVING
The Institutional Savings Account isn't just a product; it's an Endeavour to address very
unique needs. It's a complete banking and financial advisory service to the following
types of organizations:
Societies
Clubs
Hospitals, Clinics
Government Organizations
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Access your account from any IDBI branch across the country and transfer funds freely
between accounts.
Document Pick-up and Delivery*
IDBI representative will deliver and pick up documents from our drop box placed in
customer premises, so that they can enjoy the best of doorstep banking. IDBI also arrange
to pick up and deliver cash from customer doorstep.
Internet Banking
Customer can access their account as well as get detailed account information online.
Absolutely free.
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PHONE BANKING
INTERNET BANKING
ACCOUNT ALERTS
SMS BANKING
10.) CARDS
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GIFT CARD
ATM and POS usage- The card can be used to transact at IDBI ATMs and
13,000 VISA/Plus ATMs in India and for making purchases at 1.2 lac Visa
locations
International validity- The Gold Debit Card can also be used abroad to make
purchases at 13 million merchant locations and withdraw local currency at 8.5 lac
Visa/Plus ATMs
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Powerful Features :
Packed with features and special privileges, the Card offers great deals on
1. air tickets,
2. holiday packages,
3. also offers a comprehensive insurance package to take care of all your travel
needs.
The IDBI World Currency Card allows individual to make purchases and withdraw cash
in the local currency all over the world.
IDBI GIFTCARD
IDBI GiftCard allows individual loved one to purchases goods and services at over 1.8
lac merchant establishments in India that accept Visa cards. No heartaches of being
bound to specific stores with gift vouchers.
Features
The IDBI GiftCard comes packed with a host of features:
Accepted at over 1.8 lac shops that accept Visa cards across India
Usable more than once, till the value on the card is exhausted
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OBJECTIVE OF STUDY
To study the various policies and schemes of IDBI
IDBIs venture capital facility.
IDBI comparison with other banks.
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RESEARCH METHODOLOGY
PROBLEM RECOGNITION
It is first and foremost step consisting of defining and identification of problem.
Study the various policies of IDBI
IDBI strengths and its comparison with other banks
REVIEW THE LITERATURE
Site of IDBI
Various journals on IDBI
RESEARCH DESIGN
The research design in this case is DESCPRITIVE. The research design is Descriptive
because deep study has been done.
SAMPLE DESIGN
The sample design in this case is JUDGEMENT SAMPLING.
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COLLECTION OF DATA
The data in research is
Secondary data was collected through website of IDBI.
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1. IDBI, size of the loan can't be less than Rs 40 million and anything above Rs
200 million will have to be backed by a completion guaranteeIDBI Bank is the
leader in the pack, having late last year decided to double its exposure limit to
Rs 2 billion. IDBI, for instance, funds only corporate who have a track record of
three years and insist on a 1:1 debt equity ratio. "We don't deviate from these
lending norms.
Other banks like UTI have entered the fray, but the lending is still extended to
select production houses and the norms are strictly observed.
2. BANK OF INDIA which has financed just Rs 250 million for five movies over
a four year period. Because of its risky nature, bank have an upper ceiling of Rs
50 million per movie,"
3. An early lender into the film business, BANK OF BARODA is extremely
cautious about providing debt to the film sector.
4.) EXPORT-IMPORT BANK OF INDIA (EXIM) has recently agreed to lend $7
million to Crest Animation Studios.
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BANK
AMOUNT SANCTIONED
COMMENTS
IDBI
EXIM
BANK
BANK OF
INDIA
UTI
BANK OF
BARODA
BANK OF BARODA is
extremely cautious about
providing debt to the film
sector
2.) REDISCOUNTING
IDBI is the only bank that provides rediscounting facility to various commercial banks.
3.) IDBI PROMOTES VENTURE CAPITAL
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ADVANTAGES OF IDBI
Simple documentation
3. Currently, the OBC and others Gift card is available only in Delhi and Mumbai
while the IDBI Gift Card is available at all IDBI branches. .
4. IDBI also promotes venture capital.
5. IDBI has an upper hand in film Financing and the size of the loan can't be less than
Rs 40 million and anything above Rs 200 million will have to be backed by a
completion guarantee. It has doubled its exposure to 2 billion.
6. Citizenidbibank Org is a joint initiative between IDBI bank and India sponsor
Foundation, works towards the accelerated development of the deprived strata in
Indian society.
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LIMITATIONS OF IDBI
1. In case of loss of World Currency Card Holder insurance covers are not
provided by IDBI.
2. The IDBI Gift card is available in denominations starting from Rs 1,000 to Rs
20,000 and is valid for one year while OBC Gift card is valid for two years and is
available in denominations of Rs 1,000 to Rs 50,000.
3. IDBI Bank has tied up with Visa and the card can be used at 51,000 merchant
establishments across the country while OBC has tied up with MasterCard and the
pre-paid card can be used at more than 60,000 merchant establishments.
4. IDBI provides loan only to production not for distribution.
5. IDBI does not extend loan below Rs 4 crore & does not fund entire project cost.
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SUGGESTIONS
IDBI Film Financing should extend to distribution side also along with production
side.
IDBI should also provide the insurance cover with World Currency Card.
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CONCLUSION/ FINDINGS
IDBI has an upper hand in film Financing and It has doubled its exposure to 2
billion.
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BIBLIOGRAPHY
www.idbi.com
www.google.com
www.outlook.com
www.yahoo.com
RESEARCH METHODOLY BY C R KOTHARI
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