IDBI Bank
IDBI Bank Ltd. is a Universal Bank with its operations driven by a cutting edge core Banking IT platform. 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. They 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. Their experience of financial markets will help us to effectively cope with challenges and capitalize on the emerging opportunities by participating effectively in Their country’s growth process. IDBI Bank is the youngest, new generation, public sector universal bank that rides on a cutting edge core banking Information Technology platform. This enables the Bank to offer personalized banking and financial solutions to its clients. The Bank had an aggregate Balance sheet size of Rs.3, 28,997 crore and total business of Rs.4,33,460 crore as on March 31, 2014. IDBI Bank's operations during the financial year ended March 31, 2014 resulted in a net profit of Rs. 1121 crore.
NARCL has been incorporated under the Companies Act and has applied to Reserve Bank of India for license as an Asset Reconstruction Company (ARC). NARCL has been set up by banks to aggregate and consolidate stressed assets for their subsequent resolution. PSBs will maintain51% ownership inNARCL. NARCL is intended to resolve stressed loan assets above ₹500 crore each amounting to about ₹ 2 lakh crore. In phase I, fully provisioned assets of about Rs. 90,000 crores are expected to be transferred to NARCL, while the remaining assets with lower provisionswould be transferred in phase II
Non Equity Assistance in 2017
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Ananya Finance for Inclusive Growth Pvt Ltd (Ananya) is a registered NBFC. It is among the most responsible NBFCs in India with the urge and ability to serve socially motivated double bottom line enterprises. Ananya was promoted by Friends of Women’s World Banking, India (FWWB). FWWB is a NGO Trust established in 1982 by Ms.Elaben Bhatt (Founder, SEWA) to provide financial and capacity building services to organizations who promote livelihood and self-reliance of poor women. Ananya was set up in 2009 and started operations by taking over FWWB’s Wholesale Microfinance Institution lending portfolio in April 2010. The NBFC has come a long way, withstanding the Andhra Pradesh Microfinance crisis of 2010 and has a robust lending portfolio today diversified across Microfinance Wholesale, Microfinance Retail and Agribusiness segments. Ananya is among the few wholesale lenders that specializes in combining credit support with technical assistance to Microfinance Institutions. Along with support from its parent FWWB, Ananya provides Capacity building services to small, but well-managed and growing Microfinance Institutions.
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