IDBI Bank Ltd. has inherited a rich legacy from its predecessor entity - Industrial Development Bank of India – which was an apex Development Financial Institution (DFI) in the realm of industry from July 1, 1964 to September 30, 2004. As a DFI, the erstwhile IDBI stretched its canvas beyond mere project financing to cover an array of services that contributed towards balanced geographical spread of industries, development of identified backward areas, emergence of a new spirit of enterprise and evolution of a deep and vibrant capital market.
The IDBI Bank is existing in the list of banks provided by RBI under private sector banks. The Banks is in existence since July 1964. The bank has 1890 branches all over India.
IDBI Bank has taken initiatives for funding potential green projects based on clean technologies viz. renewable, solar cell/ module projects, co-generation, energy efficiency equipment projects etc.