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Major Clients include IDBI Bank Ltd. and its group companies, mainly IDBI Capital Market Services Ltd., IDBI Fortis Life Insurance.
IDBI Bank Ltd.
IDBI Bank Ltd. is a scheduled bank as notified by the Reserve Bank of India (RBI) under the Reserve Bank of India Act, 1934. RBI has categorized IDBI Bank under a new sub group "other public sector bank". IDBI Bank is engaged in providing finance to industries and banking business. As on date, IDBI Bank has a network of 501 branches and 817 ATMs, across the country and employed around 7000 people. IDBI Bank is pursuing an ambitious growth plan, which will take it to achieve the size of 500 branches by March 2008.
IDBI INTECH is the sole IT consultant for IDBI Bank Ltd and forms the IT backbone for the India's leading public sector bank. IDBI INTECH provides the range of services to the IDBI Bank Ltd in the following areas.
- IT Infrastructure setup & Management
- Data Center (DC) and Disaster Recovery Center (DRC) Management
- Business Continuity Services
- IT operations and Helpdesk support
- Core banking solution (Finacle) support.
- Technology support for banking products and various banking channels.
- Applications and Systems procurement, Implementation, Maintenance & support.
- System Integration Services
- IT security & Network set up and Management
- IT advisory Services
- Vendor Management and Contract administration
IDBI Bank Ltd does not have the IT department of its own and completely relies on IDBI INTECH Ltd, for all its IT needs, reiterates the confidence of one of the fast growing Indian public sector bank.
IDBI Capital Market Services Ltd. (ICMS)
IDBI Capital Market Services Ltd. (ICMS), a wholly owned subsidiary of IDBI Bank Ltd., is a leading Indian securities firm, offering a complete suite of products and services to individual, institutional and corporate clients. Our services include fixed income trading, equities brokerage, debt and equity derivatives, research, private placements, depository services, portfolio management and distribution of financial products. ICMS has launched its trading portal (www.idbipaisabuilder.com) on July 2005.
IDBI INTECH provides the range of services to the ICMS in the following areas.
- Applications & Servers Hosting
- Data Center (DC) and Disaster Recovery Center (DRC) Management
- Business Continuity Services
- IT operations and Helpdesk support
- IT applications implementation & System Integration Services
- Call center services
- IT security & network set up and Management
- IT advisory Services
IDBI Fortis Life Insurance
IDBI Fortis Life Insurance, the joint venture formed with an equity infusion of Rs. 750-800 crore in 5-7 years. IDBI Bank will have a 48% stake in the venture, while Fortis and Federal Bank having 26% each.
The main focus of distribution will be through the bancassurance model, although other forms of distribution (including agency and direct sales) will be used as well," G V Nageshwar Rao (pictured), CEO, IDBI Fortis Life Insurance, said.
While IDBI Bank and Federal Bank are bank partners, Fortis has the expertise of bancasurance across markets where it sells insurance.
IDBI INTECH is the sole IT consultant for IDBI Fortis Life Insurance and forms the IT backbone for the joint venture. IDBI INTECH will provide the range of services to the IDBI Bank Ltd in the following areas.
- IT Infrastructure setup & Management
- Data Center (DC) and Disaster Recovery Center (DRC) Management
- Business Continuity Services
- IT operations and Helpdesk support
- Life Insurance IT solution procurement services.
- Technology support for Insurance products and various distribution channels.
- Applications and Systems procurement, Implementation, Maintenance & support.
- System Integration Services
- IT security & Network set up and Management
- IT advisory Services
Vendor Management and Contract administration IDBI INTECH Ltd will act as an technology arm catering to all IT needs, of the newly formed joint venture.
IDBI Gilts Ltd.
IDBI Gilts Ltd. was set up as
a wholly owned subsidiary of IDBI Bank Ltd. to undertake Primary
Dealer [PD] Business with an authorized capital of Rs.200
crore and subscribed capital of Rs.100 crore. The PD business
from IDBI Capital Market Services Ltd. [ICMS] would be de-linked
and transferred to IDBI Gilts Ltd. The company was incorporated
in December 2006 and obtained Certificate for Commencement
of Business in February 2007. The company will focus on Bond
trading, underwriting in auctions of primary issuance of government
dated securities and treasury bills. In addition, IDBI Gilts
also plans to be a major player in the interest rate and credit
derivative market.
Small Industries Development Bank of India
Small Industries Development Bank of India (SIDBI) was established in April 1990 under an Act of Indian Parliament as the principal financial institution for:
- Promotion
- Financing
- Development of industry in the small scale sector
- Co-ordinating the functions of other institutions engaged in similar activities
Centurion Bank
of Punjab
Centurion Bank of Punjab was
formed by the merger of Centurion Bank and Bank of Punjab,
both of which had strong retail franchises in their respective
markets. Centurion Bank had a well-managed and growing retail
assets business, including leadership positions in two-wheeler
loans and commercial vehicle loans, and a strong capital base.
The shares of the bank are listed on the major
stock exchanges in India and also on the Luxembourg Stock
Exchange.
Among Centurion Bank of Punjab's greatest
strengths is the fact that it is a professionally managed
bank with a globally experienced and capable management team.
Tata Mutual Fund
Backed by one of the most trusted and valued brands in India, Tata Mutual Fund has earned the trust of lakhs of investors with its consistent performance and world-class service.
Tata Mutual Fund manages around Rs. 22,854.90 crores (as on January 31, 2008) worth of assets across its varied offerings. Tata Mutual Fund offers an investment option for everyone, whether you are a businessman or salaried professional, a retired person or housewife, an aggressive investor or a conservative capital builder.
The Tata Asset Management philosophy is centred on seeking consistent, long-term results. Tata Asset Management aims at overall excellence, within the framework of transparent and rigorous risk controls.
Stock holding Corporation of India Ltd.
Stock Holding Corporation of India Ltd. (SHCIL) in its endeavour to provide one stop shop to its large retail & institutional clients has promoted SHCIL Services Limited (SSL) as its broking arm.
SHCIL has been promoted by All India Public Financial Institutions and Insurance Majors. SHCIL is known for its Security, Integrity, wide network and focus on technology. SHCIL Services Ltd will continue this tradition.
SSL has a well-established research team, which will be used to provide advisory services to institutional & retail investors in Capital market.
AXIS BANK
Axis Bank was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI - I), Life Insurance Corporation of India (LIC) and General Insurance Corporation Ltd. and other four PSU companies, i.e. National Insurance Company Ltd., The New India Assurance Company, The Oriental Insurance Corporation and United Insurance Company Ltd.
The Bank today is capitalized to the extent of Rs. 357.48 crore with the public holding (other than promoters) at 57.03%.
The Bank's Registered Office is at Ahmedabad and its Central Office is located at Mumbai. Presently, the Bank has a very wide network of more than 608 branch offices and Extension Counters. The Bank has a network of over 2595 ATMs providing 24 hrs a day banking convenience to its customers. This is one of the largest ATM networks in the country.
The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence.
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