Overview of Banking and Financial Institutions

The banking system in India is significantly different from that of other Asian nations

because of the country’s unique geographic, social, and economic characteristics. India has a

large population and land size, a diverse culture, and extreme disparities in income, which are

marked among its regions. There are high levels of illiteracy among a large percentage of its

population but, at the same time, the country has a large reservoir of managerial and

technologically advanced talents. Between about 30 and 35 percent of the population resides

in metro and urban cities and the rest is spread in several semi-urban and rural centres. About

92 percent of the country’s banking segment is under State control while the balance

comprises private sector and foreign banks. Without a sound and effective banking system in

India it cannot have a healthy economy. The banking system of India should not only be

hassle free but it should be able to meet new challenges posed by the technology and any

other external and internal factors. For the past three decades India's banking system has

several outstanding achievements to its credit. The most striking is its extensive reach. It is no

longer confined to only metropolitans or cosmopolitans in India. In fact, Indian banking

system has reached even to the remote corners of the country.

Financial Structure

The Indian financial system comprises the following institutions:

1. Commercial banks

a. Public sector

b. Private sector

c. Foreign banks

d. Cooperative institutions

(i) Urban cooperative banks

(ii) State cooperative banks

(iii) Central cooperative banks

2. Financial institutions

a. All-India financial institutions (AIFIs)

b. State financial corporations (SFCs)

c. State industrial development corporations (SIDCs)

3. Nonbanking financial companies (NBFCs)

4. Capital market intermediaries

IDBI PROFILE

The birth of IDBI bank took place after RBI issued guidelines for entry of new private

sector banks in January 1993. Subsequently, IDBI as promoters sought permission to

establish a commercial bank and retained KPMG a management consultant of international

repute to prepare the groundwork for establishing a commercial bank. The Reserve Bank of

India conveyed it's in principle approval to establish IDBI bank on February 11th, 1994.

Thereafter the bank was incorporated at Gwalior under Companies Act on 15th of September

with its registered office at Indore.

IDBI Bank Ltd. is a Universal Bank with its operations driven by a cutting edge core

Banking IT platform. IDBI Bank Ltd. is today one of India's largest commercial Banks. For

over 40 years, IDBI Bank has essayed a key nation-building role, first as the apex

Development Financial Institution (DFI) (July 1, 1964 to September 30, 2004) in the realm of

industry and thereafter as a full-service commercial Bank (October 1, 2004 onwards). The

Industrial Development Bank of India Limited, popularly known as IDBI Bank is one of the

leading public sector banks in India. Categorized as "other public sector bank" by Reserve

Bank of India (RBI), IDBI Bank is also the 4th largest Indian bank. Founded in 1964 to

provide credit and other facilities to its customers, IDBI Bank currently has 457 centres, 688

branches and 1020 ATMs across the nation. It is world's 10th largest development bank in

terms of reach. IDBI Bank also built several institutions including the National Stock

Exchange of India (NSE), the Stock Holding Corporation of India (SHCIL) and the National

Securities Depository Services Ltd. (NSDL) etc. The Bank offers personalized banking and

financial solutions to its clients in the retail and corporate banking arena through its large

network of Branches and ATMs, spread across length and breadth of India.  IDBI have also

set up an overseas branch at Dubai and have plans to open representative offices in various

other parts of the Globe, for encashing emerging global opportunities. IDBI Bank today rides

on the back of a robust business strategy, a highly competent and dedicated workforce and a

state-of-the-art information technology platform, to structure and deliver personalised and

innovative Banking services and customised financial solutions to its clients across delivery

channels.  As on March 31, 2010, the Bank had a network of 720 Branches and 1210 ATMs

and plans to roll out another 300 branches during FY 2010-11. 

Vision of IDBI

The vision for the Bank is for it to be the

trusted partner in progress, by leveraging

quality human capital and setting global

standards of excellence, to build the most

valued financial conglomerate.   Our

experience of financial markets helps us to

effectively cope with challenges and

capitalize on the emerging opportunities by

participating effectively in our country’s

growth process.

Management and Organisation

IDBI Bank is a Board-managed organisation. The responsibility for the day-to-day

management of operations of the Bank is vested with the Chairman & Managing Director and

two Deputy Managing Directors, who draw upon the support and expertise of a cross-

disciplinary Top Management Team. IDBI Bank Ltd employee base includes professionals

from the fields of accountancy, management, engineering, law, computer technology,

banking and economics. 

R M Malla- Chairman and Managing director

Yogesh Agarwal- Director

G C Chaturvedi- Director

Analjit Singh- Director

K Narasimha Murthy- Director

Subhash Tuli- Director R M Malla

B P Singh- Deputy Managing Director

R P Singh- Director

Lila Firoz Poonawalla- Director

H L Zutshi- Director

Sailendra Narain- Director

B S Bisht- Director

Branches/ATM

Products and Services

IDBI Bank offers a wide array of products and services to its customers. For different

customer groups and needs, there are different types of products and services including

Personal Banking, Corporate Banking, SME Finance and Agriculture Business etc.

No. of Branches

 Metro

 Urban 

 Semiurban

 Rural

215

285 

150

75

Personal Banking

Following products and services are offered under Personal Banking:

Deposits

Savings Account

Current Account

Fixed Deposits

Suvidha Tax Saving Fixed Deposit

Pension Accounts

Sabka Account

Super Shakti Account for Women

Jubilee Plus Account

Loans

Home Loans

Loans Against Property

Education Loans

Personal Loan

Loan Against Securities

Reverse Mortgage Loan

Auto Loan

Payments

Tax Payments

Stamp Duty payments

EasyFill

Bill Payment

Card to Card Money Transfer

Online Payments

PayMate

Investments Advisory

Smart Financial Planning

Mutual Fund

Insurance

Fixed Income Securities

Cards

Gold Debit Card

International Debit cum ATM Card

Gift Card

World Currency Card

Cash Card

KIDS Debit Card

Foundation Day Cash Back Scheme 2009

Platinum Card

Institutional Banking

Institutional Savings Account

Corporate Payroll Account

24 Hours Banking

Phone Banking

SMS Banking

AccountAlerts

Internet Banking

Other products

Lockers

India Post

Preferred Banking

NRI Services

Capital Market

IPO

Demat

Corporate Banking

Following products and services are offered by IDBI Bank for the corporates:

Project Finance

Infrastructure Finance

Syndication, Underwriting & Advisory Services

Carbon Credits Business

Working Capital

Cash Management Services

Trade Finance

Tax Payments

Derivatives

Technology Upgradation Fund Scheme (TUFS)

Film Financing Scheme

Direct Discounting Bills

Rehabilitation Finance

SME Finance

Following SME Finance products are offered by the IDBI Bank:

Sulabh Vyapar Loan

Dealer Finance

Funding under CGFMSE

Direct Credit Scheme - SIDBI

Preferred customer scheme - IDBI Bank / SIDBI

Vendor financing (Pre - Sale)

Vendor financing (Post - Sale)

Lending Against the Security of Future Credit Card Receivables

Working Capital Financing - Software Development Entities

Finance to Medical Practitioners

Loan to SRWTO

SME Hosiery Special Current Account

IDBI is a pioneer Institute in Nation building. To cater to its ever-expanding needs, IDBI

formed subsidiaries & joint ventures across diverse areas of Banking & Financial System.

IDBI Capital Market Services

A wholly owned subsidiary, offers a full suite of financial products. Its business includes

stock broking, distribution of financial products, Portfolio management of Pension / PF funds

& Research services, etc.

IDBI Gilts Ltd

A wholly owned subsidiary commenced its operations as Primary Dealer. The company

presently focuses on Bond trading, underwriting in auctions of G-sec and T-bills.

IDBI Intech Ltd

A wholly owned subsidiary, deals in the Information Technology Services, Information

Security Practice, Knowledge Management Services, national contact centre and outbound

contact centre.

IDBI Home Finance

A wholly owned subsidiary, deals in the Home finance arena. It was acquired in September

2003 from Tata Home Finance Ltd

IDBI Fortis Life Insurance Company Ltd

A joint venture with Federal Bank and Fortis Insurance International. It primarily deals in

Life insurance space

IDBI – Corporate Governance

IDBI upholds the highest standards of corporate governance in its operations. The

responsibility for maintaining these high standards of governance lies with its Board of

Directors. Two Committees of the Board viz. the Executive Committee and the Audit

Committee are adequately empowered to monitor implementation of good corporate

governance practices and making necessary disclosures within the framework of legal

provisions and banking conventions.

Vigilance Department in IDBI Bank

A full-fledged Vigilance Department operates at the Bank's Head Office. The Department

operates as a channel for providing inputs to the Top Management for carrying out

investigation into vigilance related complaints and to suggest corrective measures for

improving the control systems and compliance of laid down procedures. The Department has

been implementing the guidelines laid down by the CVC from time to time for improving

Vigilance Administration and has put in place a system wherein complaints received, from

the public / any other sources, are attended to promptly.

Significant Developments from April 2010 till date

Shri R.M. Malla took over as Chairman & Managing Director of IDBI Bank Ltd July

9, 2010. Prior to taking up his current assignment, Shri Malla was Chairman &

Managing Director of Small Industries Development Bank of India (SIDBI).

IDBI Bank Ltd. switched over to the Base Rate system from the existing Benchmark

Prime Lending Rate (BPLR) system 01.07.2010. The Bank has decided to fix its Base

Rate at 8% p.a.

IDBI Bank has opened its first overseas branch at the Dubai- International Financial

Centre.

IDBI Bank Ltd. was awarded the coveted international certification ISO 9001:2008

for all its Currency Chests across the country in June 2010.

IDBI Bank Ltd. opened its first overseas branch at The Dubai International Financial

Centre (DIFC). Honourable Union Minister of State for Finance, Shri Namo Narain

Meena, in the presence of Shri B. P. Singh, Deputy Managing Director, IDBI Bank

Ltd, inaugurated the branch on June 2, 2010.

Government of India has communicated its intention to infuse Rs. 3119.04 crores as equity

capital on preferential basis. The Bank has initiated necessary steps to complete the Statutory/

Regulatory formalities for this purpose

Capital Markets 

IDBI Capital as an institutional player provides the entire gamut of Capital Market services

encompassing:

1. Public Offerings

2. Qualified Institutional Placements

3. Buyback

4. Takeover

5. Preferential Allotments

6. External Commercial Borrowings, FCCBs, etc.

The above activities entails liasioning with institutional investors such as treasury

departments of Domestic Institutions, Banks and corporates, fund managers of mutual funds,

private equity firms, FIIs, HNIs.

IPO / FPO / Right Issues

Initial Public Offerings / Follow on Public Offerings / Rights Issues

IDBI Capital Market Services Ltd. (ICMS), as a Securities and Exchange Board of India

(SEBI) registered Merchant Banker, provides the following services:

Public issue of Equity and Debt Instruments in Indian markets through Initial Public

Offering (IPO), Follow on Public Offering (FPO) and Rights Issue

Acts as a Book Running Lead Manager, a Lead Manager, a Co-Manager or an

Advisor to the Issue.

Underwrites Issues of Equity and Debt Instruments.

Markets various instruments with Qualified Institutional Buyers (QIBs), High

Networth Individuals (HNIs), Corporate and Retail investors.

Prepares all documents like Prospectus / Letter of Offer and assists the Issuer in

complying with legal and statutory requirements of SEBI, Stock Exchanges, Registrar

of Companies (ROC) and authorities under various corporate laws and economic laws

for issue of securities.

Advisory services on structuring of capital and debt, timing for raising the same,

choice of agencies to assist in the process of raising funds, etc.

TakeOver

IDBI Capital helps corporate and institutional clients to carry out successful takeovers on the

Exchange listed companies. IDBI Capital helps carry out the Due Diligence exercise in

accordance with relevant SEBI Rules / Regulations / Guidelines followed by the preparation

of legal documentation connected with Buybacks and Take-overs.

Buyback of Securities

IDBI Capital is active in assisting its clients in buy-back programmes. With the presence of a

strong Broking services, the Company is in a position to offer comprehensive solutions to

accomplish buy-back programmes.

Qualified Institutional Placement

IDBI Capital adds value to QIP issues which can be done only by listed Companies to raise

additional equity from Qualified Institutional Buyers (QIBs). The strong relationship of IDBI

Capital with the different categories of QIB, FIIs, Fis, Mutual Funds, Banks etc., makes a

difference to the QIP placement programmes of the Companies. This is backed by a strong

research support.

Private Equity

IDBI have developed strong expertise across different industries, which enable them to

structure the transaction in that context. In Private Equity (PE), IDBI focus on sectors ranging

from Infrastructure, Power, Telecom, Healthcare & Life Sciences, Pharmaceuticals,

Hospitality, Banking, Logistics, Media, Auto Ancillaries / Components, Cement, Steel, etc to

name a few. IDBI strength in Private Equity advisory is on account of:

Strong relationships with PE funds and their key decision makers

Strong execution team gives an edge on optimal structuring and efficient closure of

transactions

Value addition on entire structure of activities

IDBI’s PE transaction doesn’t come to an end with the transfer of funds but also cater to

entire gamut of Investment Banking needs. IDBI Capital enables strong growth oriented

companies raise capital through;

Preparation of Business and Financial Plans

Preparation of the Information Memorandum

Discussions and Negotiations with prospective investors

Deal closure and Execution

Investment Banking

IDBI Clients

IDBI represent Government organizations, Public Sector Enterprises and Indian Corporates

covering sectors such as Steel and other metals, Mines, Minerals, Chemicals, Healthcare,

Hospitality, Financial Services and other Core Sectors. 

IDBI Team 

IDBI have a combination of professionals with varied background who shares our values of

truthfulness, objectivity, innovation and analytical accuracy. The professional qualification of

their team provide a rock solid foundation for giving consulting services and their depth of

experience ranges from young management graduates from premier business schools to

experienced finance professional and qualified chartered accountants as well

Financial Advisory

Financial Advisory has been considered as a strategic function requiring innovative and

distinct financial solutions both long and short term focused on delivering greater shareholder

value. IDBI Capital Market Services Limited occupies a leading position being a wholly

owned subsidiary of IDBI Bank in the Corporate Finance Market place. IDBI support their

clients by offering those creative ideas and solutions that facilitates in enhancing the value. 

IDBI broadly advise on the following on the Financial Advisory space:

Business Valuation

Financial & Commercial Due Diligence

Merchant Financial Appraisal

Joint Venture & Contract

Bid Process Management

Disinvestments

Infrastructure Advisory

Financial / Debt Restructuring

Structured Finance & Securitisation

Project Advisory

IDBI Capital has considerable expertise in Project Advisory / Finance. They advise their

clients right from the project conception stage followed by preparation of the Project Report

and its Techno-Commercial Appraisal with the support of accredited institutions with optimal

financial structuring. These reports pave the way for contracting project loans for green-field

as well as expansion projects.  

Their Project Advisory would also include turnkey advisory services on financial structuring,

implementation and documentation aspects of Green-field Projects, Brown Field Projects and

Public Private Partnership Projects. The scope of work ranges from negotiations with Banks,

Financial Institutions and Multilateral agencies for obtaining the final loan sanctions. IDBI

Project Advisory Services broadly include:

Overview of the promoting company / SPV

Review of the Project Structure and Project Costs including various assumptions. 

Capital Structuring

Real Estate Advisory

Identification and evaluation of various sources of finance

Financial modeling

Risk Analysis and Allocation

Development of a Security Package

Corporate Advisory

IDBI Capital Market Services Limited support Promoters and Senior Management

professionals of Corporate to acquire new perspectives and dimensions on Competitive

Strategy that will give Competitive Advantage. Their deliverables and advice focuses on

delivering timely and researched information for the ultimate decision-making. IDBI

financial and strategic advisory and analysis will provide necessary inputs to key stake holder

(s) for taking decisions for enhancing shareholder value. Their key advisory areas are:

a. Mergers and Acquisitions

b. Strategic Advisory

Mergers & Acquistions

There are several means a Corporate adopt to improve shareholder value e.g. increased

revenue, market share, geographical expansion, diversification, economies of scale; or to

integrate through Merger & Acquisition. Broadly speaking, M&A drivers could be customer

acquisition and top line growth, new market entry or competence building. IDBI Capital’s

M&A Advisory services covers right from the initial negotiation stage to the final deal

conclusion. They address the following while taking up Mergers and Acquisitions;

Business valuations and managing the entire merger process

Assisting companies in acquisitions as sell off as joint ventures

Assisting the Company in financing the deal

Managing Open Offers

Evaluating bids on the basis of the evaluation criteria set out

Assisting in closing the deal

Post Merger Integration

Strategic Advisory

Strategic Planning provides the framework for all the major business decisions of an

enterprises-decision on businesses, products & markets, manufacturing facilities, investments

& organizational structure. It is indeed act as a pathfinder to various business opportunities.

IDBI Capital assists clients in formulating strategy, developing solutions and successfully

managing results. They work with clients to define their business strategy and implement

interactive solutions that redefine relationships with customers, suppliers and employees.

IDBI help clients improve business performance by delivering a complete, business-focused

menu of end-to-end business solutions.

They broadly cover:

Business and Strategic Planning

Business Restructuring

Entry Strategy

Policy Advisory

Organisation Restructuring

Bid Process Management

Process Consulting

Institutional Broking & Distribution

Institutions and Corporates have surplus funds to manage on daily basis as well as investible

surplus for a defined period. The risk differs for Institution and Corporates subject to their

preferences. The reward by way of return is always in proportion to the risk taken. IDBI

Capital define, advise and manage the same by blending caution with aggression in the

desired proportion to teach client. The range of services include from Equity Broking with

customised research, advisory and distribution services for investment in Mutual Funds,

Debt/Bonds, Equity IPOs to placement of Equities etc

Equity Sales & Dealing

The Institutional Broking Desk offers the Clients with a dealing platform for trading in NSE

and BSE. The parameters on market conditions with an astute technical analysis from the

Dealing Desk enable the clients to take an apt decision. The intra day analysis and reports are

also available to clients on customized basis.

Further the Institutional Clients are provided with the Derivatives Trading desk for

Futures and Option. The Institutional Clients are updated with fresh research Ideas on

the happening Scrip and Sectors.

Being well connected with the global market Via Bloomberg, the updates are shared

from time to time.

The interpreted brief report on the Futures and Option positions before the Expiry is

published for Client’s Circulation.

Daily market information is disseminated to the clients under ‘Heard on Street’ News

heads.

Equity Research

IDBI have research desks covering all aspects of the equities. Their equities research desk

publishes high quality research on all major sectors of the industry and covers a wide

spectrum of companies listed on the Indian stock exchanges. Their derivatives research team

publishes daily/monthly reports on the trends in the equity derivatives markets. 

Their objective, uncomplicated and reliable research reports on global markets and equity

empower institutional investors and make it possible for them to make informed investment

decisions. Their research teams have made a name for themselves in a very short time.

Mutual Fund Sales & Dealing

Several factors need to be taken into account when choosing an instrument for investment –

among these being safety, liquidity & return related to the risk undertaken. Coming to the

choice of instruments, we have equity, debt, money market, commodity based or even global

equities. Mutual funds provide all this and more.

Mutual funds offer an investment portfolio which can be either diversified in nature or

specific in category with risk skewed towards debt to equity in varying proportions, all in one

under one umbrella. Mutual Funds cater to the specific requirement of the Investor be it

Institutional or Individual.

IDBI Capital Market Services Ltd. is into Mutual Fund Distribution, Advisory and Fund

Management. They address the needs of any type of investor from corporate, banks, trusts,

firms, and societies to NRIs, HNIs and individual retail clients 

They have been recognized as among the best financial advisers in the country, and have

been conferred with the CNBC TV 18 Financial Advisor Awards as the Best Performing

National Financial Advisor –Institutional segment in India for the past two consecutive

years. 

As a distributor registered with almost all the SEBI Registered Mutual Funds in India, They

have also started offering Mutual funds to our retail customers, both off-line and on-line.

 

Mutual Fund Research

The degree of risk in a Mutual Fund varies with the diversity in portfolio and the combination

of assets. Add to this the different classes of instruments. Judging the best investments

avenues calls for astute incisive knowledge on markets and individual companies.

The research desk of IDBI Capital Market Ltd. publishes a number of detailed research

Reports on the Mutual Fund Industry viz.  

(i) Daily Report – detailing the NAV and growth of the schemes on various periods  

(ii) MF Monthly – with coverage on the Equity, Debt and Mutual Fund market 

(iii) Customised Sector Reports and 

(iv) Scheme Reports for Special Clients. 

Customized Reports are provided to specific institutional / corporate clients. The universe for

every category is selected from the entire industry and rigorous analysis undertaken including

peer comparison. Various tools and techniques are used, from studying the Alpha of every

scheme with Standard Deviation to Beta Analysis to Tryenor and Sortino. 

Bonds

ICRA Rating Letter

CARE Rating Letter

Information Memorandum of IDBI Home Finance

Retail Broking & Distribution

In addition to offering corporate, institutional clients, IDBI Capital also offers a gamut of

financial products and services that cater to a varied cross section of investors. 

IDBI Capital also offers to financial planners, retail intermediaries and consumers to deliver

lasting, innovative solutions.

Looking at the opportunities in the market and the growth of our country, they believe it is

high time investors are educated about the nuances of investments. The knowledge and

awareness gained will empower investors and help them create wealth. They firmly believe

brokers, media and regulators have a pivotal role in assisting the individuals to become

wealthy. They will go extra mile to empower the investors in managing their wealth to ensure

a more rewarding future.

IDBI Capital aims to provide a single-point source for retail investors in their requirements

for trading and investment products.

Online Investing

Online investing provides investors with a convenient method to take part in today’s financial

markets. With their commitment to enhancing investor education and awareness as a

foundation stone, they have created an online investing website www.idbipaisabuilder.in for

trading and depository services. This platform enables easy and informed investing in Equity

shares, Futures & Options (F&O), IPO’s and Mutual Funds, for the retail investors with a

wealth of information, news, analysis and tools sourced from the best in the industry. It also

brings a large database of information about companies which will assist them in making an

informed investment decision.

They strive to empower you with information that helps you make informed decisions and

bank upon the right opportunity. They bring us lots of useful information by way of our

varied market research reports on equity, derivatives, and mutual funds

IDBI offer an integrated three-in-one account linking savings account, trading account and

the demat account.

 

IPO Distribution

Investment Banking Activities

IDBI have in the last financial year successfully lead managed public/rights issues mobilizing

more than Rs.900 crores. Some of the notable examples were the Central Bank of India ‘s

IPO and Varun Industries Ltd fixed price issue. The responses to our issues have been

heartening. 

Initial Public Offerings (IPO)

They are reaching out to the investors through

10,000 sub-brokers/agents spread across the country.

Our 40 thousands online investors.

and our own 25 branches.

They market and distribute IPO’s of all lead investment bankers, including their owned lead

managed issues. In IPO distribution, the marketing effort is the key, which enables them to

carry out the vigorous exercise of

Putting the banners of the IPO on our portal and all across our branches.

Sending the emails to all our investors about the impending IPOs and the product

note.

Sending SMS to all of them.

Making available the IPO application forms, in all our branches.

All their branches are in marketing & distribution of IPO application forms, where they

accept and bid the application forms to the exchange.

Our Credentials 

IDBI are a leading full service securities house, offering a complete suite of financial

products and services to individual, institutional and corporate clients:

Wholly owned subsidiary of IDBI Bank Ltd.

A well-capitalized financial position - networth of over Rs.350 crores as on 31st

March 2008.

A private equity fund of Rs.100 crores for investment in Mid Cap and SME Growth

Companies

A leading player in Private Placement of Tier II bonds and debentures for institutions,

banks and corporates.

They manage Provident and Pension Funds of more than Rs.8,250 crores

Fund Management

IDBI Capital Market Services Ltd. (ICMS) is a leading Fund Manager in the country

for Provident, Pension and Retirement Benefit Funds. The Company is a SEBI registered

Portfolio Manager and manage its Client’s assets under both discretionary and non-

discretionary mandates. These services are provided to various public and private sector

undertakings and their provident, pension, retirement benefit and surplus funds. The

Company’s client base includes leading pension and provident funds in the country. 

IDBI capital has been advising institutions, banks and corporates for their investment

in Debt, Mutual Funds and Equities over several years. Its services include managing Client

Assets--Pension & Provident Funds, Surplus fund Management, Equity Portfolio

Management and Mutual Fund Advisory. The funds have continuously yielded superior

returns, which are significantly higher than the benchmark. 

ISO Certification 9001:2000

Keeping in view the importance of standardized processes and service levels, the Company

has gone in for ISO Certification for Fund Management, and is the only company to have

done so in this sector. Being a public sector, the Company is also audited by Comptroller and

Auditor General (CAG) office and follows transparent practices.

Regulatory Approval

IDBI Capital is a registered Portfolio Manager with Securities and Exchange Board of India

(SEBI) since 1998 and is authorised to undertake Funds Management activities (Debt &

Equity) for clients. These activities would be governed by Securities and Exchange Board of

India (Portfolio Managers) Rules and Regulations, 1993. SEBI Regisration No. of IDBI

Capital is INP000000209, valid till the year 2010. 

The Key strengths of IDBI capital Market Services in the areas of Debt Fund

Management are:

1. Fund Management experience of 10 years

2. Expertise in managing large corpus

3. Expertise in both Debt & Equity Market

4. IDBI Capital is the only Portfolio Manager in the Country to achieve ISO 9001: 2000

Standard for Quality Management Systems in Fund Management operations, with

certification from TUV NORD an accredited German standards firm

5. Substantial Returns Over Benchmark

6. IDBI Capital is a SEBI registered Portfolio Manager

7. Minimum Idle Days

8. Our fund management skill covers Portfolio Analysis that includes ALM, Asset

Allocation, Risk Analysis, Maturity Analysis and Yield Analysis

9. Transparency of Operations

10. Strict adherence to Compliance Procedures

11. Highly Rated Debt Research

12. Presence in All Segment/ Asset of the Financial Services: IDBI Capital deals in

Equity and Equity related products and is one of the highly rated Mutual Fund

Distributor (won two consecutive CNBC TV18 Institutional Financial Advisor

Award). In Investment Banking and Debt Capital Market- Rated in Top 15 by Prime

Database

13. Group Strength in Debt Market: IDBI Capital is one of the leading players in debt

market with presence in primary dealership since July 2007. The current operations of

primary dealership is conducted by a group company, IDBI Gilts

Infrastructure

Experienced Fund Management Team: The Fund Management team comprises of

experienced professionals (experience ranges between 2 years to 15 years) in

Portfolio Management with requisite exposure in the fixed income and equity

segment and qualifications

Experienced Back-Office: The Clearing and Settlement Operations are manned by

experienced personnel with requisite exposure to capital market and particularly debt

market. The process is standardized as per the regulatory and other specific norms and

mainly technology driven in most areas

Accounting: Real time accounting of Remittances, Investments, Interest and

Redemption proceeds ensures accurate reconciliation

Professional Custodian: Member of NSDL for demat services and offers Constituent

SGL Account facility for Government securities through IDBI Gilts Ltd.

Functional Separation of Front and Back Office: Separate personnel handle the

front and back office functions to ensure transparency and complete regulatory

compliance

Internal Controls: Adequate Risk Management systems in place to ensure complete

regulatory compliance

Audit Systems: Audit of all transactions and reports by an independent firm of

chartered accountants. The accounts and transactions are also subject to CAG audit

and other regulators

Belongs to IDBI Group: IDBI is a leading bank, classified under ‘Other Public

Sector Bank’. Established in 1964 by Government of India under an Act of

Parliament, IDBI has essayed a significant role in the country’s industrial and

economic progress for over 40 years – first as apex Development Financial Institution

(DFI) and now as a full service commercial bank