# IDBI Bank

> Source: https://docs.barcoder.ai/docs/wallets/idbi-bank
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [IDBI Bank — official](https://www.idbibank.in/)

## Key details

- **Parent:** assets

## Overview

**IDBI Bank** is **BSE: 500116 + NSE: IDBI** + **LIC Life Insurance Corporation of India ~49.24% controlling post-Jan 21 2019 acquisition + Government of India ~45.48%** + **one of India's largest commercial banks by assets** + **~50M+ Indian customers** <sup>[1][1], [India report](https://docs.barcoder.ai/docs/payments/IN)</sup>.

## History

**Jul 1 1964 — Industrial Development Bank of India IDBI founded as Indian state-owned development bank** distinctive Indian banking heritage.

**2004 — IDBI corporate restructuring as commercial bank**.

**Apr 2 2005 — IDBI Bank merger consolidates IDBI commercial banking operations**.

**2013 — IDBI Bank Go Mobile banking app launch**.

**Jan 21 2019 — LIC Life Insurance Corporation of India acquires ~49.24% controlling stake in IDBI Bank** distinctive Indian banking acquisition.

## Ownership & operator

**Operating entity**: **IDBI Bank Limited** (Indian commercial bank; BSE: 500116 + NSE: IDBI).

**Major shareholders**: **LIC Life Insurance Corporation of India ~49.24% controlling + Government of India (Ministry of Finance) ~45.48% + Indian retail + institutional + foreign investors free float ~5.28%**.

**Regulators**: **RBI + IRDAI (LIC oversight)**.

## Technical integration

IDBI Bank Go Mobile app (iOS + Android; ~50M+ Indian customers) + idbibank.in online + IDBI Bank branch network across India + IDBI Visa + Mastercard + RuPay cards; UPI + BharatQR + IMPS + RuPay.

## Implementations & partners

**Major Indian banking + payments competitors**: [SBI YONO (State Bank of India)](https://docs.barcoder.ai/docs/wallets/sbi-yono) (SBI YONO State Bank of India; BSE: 500112 + NSE: SBIN; India's largest commercial bank by assets) + [HDFC Bank App](https://docs.barcoder.ai/docs/wallets/hdfc-bank) (HDFC Bank; BSE: 500180 + NSE: HDFCBANK; India's largest private commercial bank by assets) + [ICICI Bank](https://docs.barcoder.ai/docs/wallets/icici-bank) (ICICI iMobile Bank; BSE: 532174 + NSE: ICICIBANK) + [Axis Bank / Axis Mobile](https://docs.barcoder.ai/docs/wallets/axis-bank) (Axis Bank; BSE: 532215 + NSE: AXISBANK) + [Kotak Mahindra Bank / Kotak811](https://docs.barcoder.ai/docs/wallets/kotak-mahindra) (Kotak Mahindra Bank; BSE: 500247 + NSE: KOTAKBANK) + [Punjab National Bank (PNB ONE)](https://docs.barcoder.ai/docs/wallets/pnb-india) (PNB Punjab National Bank; BSE: 532461 + NSE: PNB; Indian state-owned commercial bank) + [Canara Bank](https://docs.barcoder.ai/docs/wallets/canara-bank) (Canara Bank; BSE: 532483 + NSE: CANBK) + [Bank of Baroda (bob World)](https://docs.barcoder.ai/docs/wallets/bank-of-baroda) (Bank of Baroda; BSE: 532134 + NSE: BANKBARODA) + [Union Bank of India](https://docs.barcoder.ai/docs/wallets/union-bank-india) (Union Bank of India; BSE: 532477 + NSE: UNIONBANK) + [PhonePe](https://docs.barcoder.ai/docs/wallets/phonepe) (PhonePe; Walmart Flipkart subsidiary; India's largest UPI wallet by transactions) + [Google Pay](https://docs.barcoder.ai/docs/wallets/google-pay) (Google Pay India; India's #2 UPI wallet by transactions) + [Paytm](https://docs.barcoder.ai/docs/wallets/paytm) (Paytm; BSE: 543396 + NSE: PAYTM; Indian super-app wallet).

**Regulator**: RBI + IRDAI.

## Status

**Active, BSE:500116 + NSE:IDBI + LIC Life Insurance Corporation of India ~49.24% controlling post-Jan 21 2019 acquisition + Government of India ~45.48% + one of India's largest commercial banks by assets + ~50M+ Indian customers** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.idbibank.in/ "IDBI Bank — official"
[2]: https://en.wikipedia.org/wiki/IDBI_Bank "IDBI Bank — Wikipedia"
[in-cro]: https://docs.barcoder.ai/docs/payments/IN

- [1] [IDBI Bank — official][1]
- [2] [IDBI Bank — Wikipedia][2]
- <sup>[India report](https://docs.barcoder.ai/docs/payments/IN)</sup> In-corpus: `reports/countries/IN-india.md`

## Source

Biography extracted from [idbi-bank.md](https://docs.barcoder.ai/source/wallets/idbi-bank). See `matrix.md` for standards-support matrix if present.