In its continuing endeavor to effectively meet the requirements of different Groups of Corporate Clients, IDBI Bank Ltd. has organised its Corporate Banking Wing based on client's turnover besides creating a separate specialized cell and Group each to cater to Corporates in Film Sector and Infrastructure Sector respectively.
Based on scale, Corporates with turn over of more than Rs. 100 crores but up to Rs. 500 crore are looked after by Mid Corporate Group (MCG) while Corporates with turn over of more than Rs. 500 crore are looked after by Large Corporate Group (LCG).
However, as stated earlier, with a view to effectively manage the peculiar requirements of Film Finance, a specialised cell has been set up in LCG to cater to Corporates in Film Sector regardless of their turnover.
Special focus for Infrastructure Financing
Further, considering the significance of the infrastructure sector in the country’s development, a specialised Group, namely Infrastructure Corporate Group (ICG) has been created which deals with Corporates from infrastructure, Industries accorded infrastructure status by RBI, regardless of their turn over.
Since inception in 1964 [formerly as Industrial Development Bank of India], IDBI Bank has been assigned to play a distinctive role in the promotion of industrial development of the country. It has provided financial assistance towards setting up of industrial estates. Being a prominent player in financing infrastructure projects, IDBI Bank actively participates in addressing policy-related issues in various forums including the Committees constituted by the Government of India. Finalization of model Power Purchase Agreement and Model Concession Agreement in road sector are some of the significant contributions made by IDBI Bank in the development of this sector. It has financed landmark first-of-its-kind projects in the infrastructure sector such as Independent power project, fixed and mobile telecom, port, road and airports in India.
The policy makers have identified power, telecom, ports (both sea and airports), roads, transportation and urban infrastructure facilities as infrastructure sector and are providing impetus for the growth in these sectors, Reserve Bank of India has accorded infrastructure status to select sectors, credit to which is classified as financing to Infrastructure sector.
These three Groups in the Bank cater to the requirement of financial assistance as also provide other services like Deposits products to Clients from Corporate sector.