IDBI Bank Incorporates IDBI Foundation Subsidiary

IDBI Bank incorporated IDBI Foundation as a wholly owned Section 8 subsidiary on May 19, 2026.
The subsidiary will implement the Bank's CSR initiatives focusing on education, healthcare, and rural development.
RBI approval was received on October 31, 2025, with the Bank subscribing to 10,000 equity shares at ₹10 each.
Total acquisition cost was ₹1,00,000 for 100% ownership of the newly formed entity.