The Industrial Development Bank of India Limited (IDBI) (BSE: 500116‎) is one of India's leading public sector banks and 4th largest Bank in overall ratings. RBI categorised IDBI as an "other public sector bank". It was established in 1964 by an Act of Parliament to provide credit and other facilities for the development of the fledgling Indian industry. It is currently 10th largest development bank in the world in terms of reach with 1300 ATMs, 758 branches and 513 centers. Some of the institutions built by IDBI are the National Stock Exchange of India (NSE), the National Securities Depository Services Ltd (NSDL), the Stock Holding Corporation of India (SHCIL), the Credit Analysis & Research Ltd, the Export-Import Bank of India(Exim Bank), the Small Industries Development Bank of India(SIDBI), the Entrepreneurship Development Institute of India, and IDBI BANK, which today is owned by the Indian Government, though for a brief period it was a private scheduled bank.

Brief History
The Industrial Development Bank of India (IDBI) was established on 1 July 1964 under an Act of Parliament as a wholly owned subsidiary of the Reserve Bank of India.
In 16 February 1976, the ownership of IDBI was transferred to the Government of India and it was made the principal financial institution for coordinating the activities of institutions engaged in financing, promoting and developing industry in the country. 
In the wake of financial sector reforms unveiled by the government since 1992, IDBI evolved an array of fund and fee-based services with a view to providing an integrated solution to meet the entire demand of financial and corporate advisory requirements of its clients.
In September 2003, IDBI diversified its business domain further by acquiring the entire shareholding of Tata Finance Limited in Tata Home finance Ltd., signaling IDBI’s foray into the retail finance sector.
The migration to the new business model of commercial banking, with its gateway to low-cost current, savings bank deposits, would help overcome most of the limitations of the current business model of development finance while simultaneously enabling it to diversify its client/ asset base. Towards this end, the IDB (Transfer of Undertaking and Repeal) Act 2003 was passed by Parliament in December 2003. The Act provides for repeal of IDBI Act, corporatisation of IDBI (with majority Government holding; current share: 58.47%) and transformation into a commercial bank.
The provisions of the Act have come into force from 2 July 2004 in terms of a Government Notification to this effect. The Notification facilitated formation, incorporation and registration of Industrial Development Bank of India Ltd. as a company under the Companies Act, 1956 and a deemed Banking Company under the Banking Regulation Act 1949 and helped in obtaining requisite regulatory and statutory clearances, including those from RBI.
On 29 July 2004, the Board of Directors of IDBI and IDBI Bank accorded in principle approval to the merger of IDBI Bank with the Industrial Development Bank of India Ltd. to be formed incorporated under the Companies Act, 1956 pursuant to the IDB (Transfer of Undertaking and Repeal) Act, 2003 (53 of 2003), subject to the approval of shareholders and other regulatory and statutory approvals.
A mutually gainful proposition with positive implications for all stakeholders and clients, the merger process is expected to be completed during the current financial year ending 31 March 2005.

                        Products and services of IDBI Bank
IDBI Bank offers a comprehensive range of products and services to its individual and institutional clients that include the following:

# Personal Banking
 a. Savings Account
     1. SuperSavings Account
     2. SuperShakti (Womens') Account 
     3. Jubilee Plus (Senior Citizens) Account 
     4. Power Kidz Account
     5. Sabka Account -No Frill account
     6. Pension Savings Account (Central Government Employees)
  b. Corporate Payroll Accounts
      1. Imperial Salary Account
      2. Crown Salary Account
      3. Star Salary Account
      4. Prime Salary Account
      5. Pride Salary Accounts 
      6. Retirement Plus Pension Account 
   c. Current Account
     1. Core Current Account
     2. Premium Current Account
     3. Premium Special Current Account 
  d. Preferred Banking 
     1. PowerPlus Account
     2. Preferred Account
     3. Royale Account 
  e. Fixed Deposits
      1. Suvidha fixed deposit
      2. Suvidha Tax saving fixed deposit
      3. Recurring Deposits 

  1. Home Loans
  2. Loan Against Property
  3. Education Loan
  4. Personal Loan
  5. Loans Against Securities
  6. Reverse Mortgage Loan
  7. Auto loans

  1. International Debit-cum-ATM Card
  2. Gold Debit-cum-ATM Card
  3. IDBI Bank Cash Card
  4. IDBI Bank Gift Card
  5. World Currency Card
  6. Kids Debit Card
  7. Platinum Card
 Financial Planing
  1. Mutual fund  
  2. Insurance  
  3. New Pension Scheme

 Capital Market products
  1. IPO – ASBA IPO Payment Option  
  2. Demat Account  
  3. 3 in 1 Account

# Corp. Banking

  Fund Based assistance
   1. Term Loans
   2. Working Capital / Short Term Loans
   3. Cash Credit
   4. Packing Credit to Exporters
   5. Vendor Financing
   6. Channel Financing/Dealer Financing
   7. Bill discounting (both Purchase and Sale Bill Discounting)
   8. Film Financing
  Non-fund based Assistance
   1. Guarantee Assistance
   2. Letters of Credit
   3. Cash Management Services - collection products 

  Liability and Transaction Banking Products
   1. Current Account
   2. Fixed Deposits
   3. Trade Finance
   4. Cash Management Services
   5. Tax Collection
   6. Treasury Products

 Agency services
  IDBI  Bank  believes  in  being  the  trusted  partner  in  the  progress  of  its esteemed
  clients  and  provides  services  to  act as lenders’ agent, operate Trust and Retention
  accounts  for  the  project  developers  to  ensure  timely  infusion  of  funds  as  also
  monitor proper end use of funds.

# Agri Finance
    Agriculture Finance (Short Term Loans)
    1. Crop Loans / KCC
    2. Gold Loan Scheme
    3. Warehouse receipt finance Scheme
    4. Loans against Crop receivables
    Agriculture Finance (Term Loans)
    1. Farm Mechanization 
    2. Dug Wells
    3. Minor Irrigation - Lift Irrigation
    4. Purchase of land for Agriculture purposes
    5. Land development
    6. Horticulture & Forestry Development Loans
    7. Purchase of bullock and bullock carts
    8. Two Wheeler loans to farmers
    9. Biogas plants

    Allied Activities
    1. Dairy farming
    2. Poultry farming
    3. Sheep and Goat Rearing
    4. Fisheries
    5. Sericulture
    6. Beekeeping (Apiculture)

    Indirect Finance to Agriculture
    1. Loans for construction and running of Storage Facilities.
    2. Scheme for Financing Agri-Clinics and Agribusiness centers
    3. Dealer Finance Programc

# MSME Finance

   1. Sulabh Vyapar/ Business Solutions
   2. Dealer Finance/ Dealer Solutions
   3. Vendor Financing/ Vendor Solutions
   4. Funding under CGFMSE
   5. Loans to Small Road & Water Transport Operators
   6. Finance to Medical Practitioners
   7. Loans to Professionals & Self-employed
   8. Working Capital Financing to IT & ITES Entities
   9. Lending Against the Security of Future Credit Card Receivables
 10. Entrepreneurial Development Fund
 11. Laghu Udhyami Credit Cards (LUCC) 
 12. SME Hosiery Current A/c

# Services
    1. Card to card transfer   
    2. Easy Fill
    3. Demat A/C
    4. Utility Bill Payment 
    5. Online Tax payment 
    6. Online Payment
    7. Paymate   
    8. India Remit
    9. Insurance
  10. Wealthassurance  
  11. Fund Transfer
  13. Phone banking  
  14. SMS Banking
  15. Account Alerts 
  16. Currency Futures
  17. Instant Bill Payment

# Fx/NRI Services
   1. Non-Resident External (NRE)
   2. Non-Resident Ordinary (NRO)
   3. FCNR

For more information about IDBI Bank please see there website (Official website)