IDBI Bank Limited is committed to creating long term economic value for all its stakeholders, including shareholders, depositors, customers, employees and the society as a whole. IDBI Ltd. is committed to maintaining high standards of ethical and professional conduct in all its corporate activities.

This Code of Conduct and Ethics outlines the overall standards that shall guide the actions of IDBI Ltd. and its Directors, officers and employees.

National Interest:
IDBI Ltd. shall continue to be committed in all its actions to benefit the economic development of the nation and shall not engage in any activity that would adversely affect such objective.

Financial Reporting and Records:
IDBI Ltd. shall continue to prepare and maintain its accounts fairly and accurately in accordance with the accounting and financial reporting standards which represent the generally accepted guidelines, principles, standards, laws and regulations of the country. Internal accounting and audit procedures shall fairly and accurately reflect all of IDBI Ltd. business transactions and disposition of assets.

Corporate Disclosure Practices:
IDBI Ltd. shall continue to abide by the corporate disclosure practices as specified by the appropriate external regulatory authorities.

Competition:
IDBI Ltd. shall market its products and services on its own merits.

Equal-Rights:
IDBI Ltd shall continue to provide equal opportunities to all its employees and all qualified applicants for employment without regard to their race, caste, religion, colour, ancestry, marital status, sex, age, nationality, disability etc. Applicable laws, rules, and guidelines of Government of India/ any other Competent Authority in this regard shall also be observed for this purpose. Employees of IDBI Ltd. shall be treated with dignity and in accordance with the IDBI Ltd. policy to maintain a work environment free of sexual harassment, whether physical, verbal or psychological. Employee policies and practices shall be administered on a non-discriminatory basis in all matters relating to recruitment, training, compensation, benefits, promotion, transfers and all others terms and conditions of employment.

Prohibited Business:IDBI Ltd. shall not enter into any kind of business with any company / organisation / entity, of which any of its director of is a proprietor, partner, director, a manager, employee or guarantor or in which one or more directors of IDBI Ltd. together hold substantial interest.

Substantial interest, in relation to any company / organisation / entity, means any beneficial interest held by one or more of the directors of IDBI Ltd. or by any relative of such director, whether singly or taken together, in the shares of the company / organisation / entity, the aggregate amount paid up on which either exceeds five lakh of rupees or 5% of its paid-up share capital, whichever is lesser.

Quality of Products and Services:
IDBI Ltd. shall continue to be committed to creating new industry standards of excellence in customer service. IDBI Ltd. shall provide innovative and superior quality customer service consistent with the requirements of the customers for their satisfaction.

Corporate Opportunity:
A Director/ Officer/ Employee must not deprive IDBI Ltd. of an opportunity that belongs to IDBI Ltd., for his/ her own/other's advantage, if he/she is in a position of diverting the corporate opportunity for own benefit or to others to the detriment of IDBI Ltd. A Director/ Officer/ Employee must not compete with IDBI Ltd. in respect of any business transaction.

Health, Safety and Environment:
IDBI Ltd. shall strive to provide a safe and healthy working environment at its work places and comply, in the conduct of its business affairs, with all regulations regarding the preservation of the environment of the territories it operates in.

Corporate Social Responsibility:
IDBI Ltd. shall continue to be committed to be a good corporate citizen not only in compliance with all relevant regulating laws and regulations but also by actively assisting in the improvement of the quality of life of the people in the communities in which it operates with the objective of making them self reliant.

Use of IDBI Ltd. Name Logo/ Trademarks
A Director/ Officer/ Employee shall not use the name of IDBI Ltd., its logo or trademark for personal benefit or for the benefit of persons / entities not forming part of the IDBI Group.

Shareholders:
IDBI Ltd. is committed to enhance shareholder value and shall comply with all regulations and laws that govern shareholders' rights. The Board of Directors' of IDBI Ltd. shall duly and fairly inform its shareholders about all relevant aspects of the organisation business and disclose such information in accordance with the respective regulations and agreements. Every employee shall also be responsible for implementation of and compliance with this code.

Ethical Standards:
A Director/ Officer/ Employee of IDBI Ltd. shall conduct all the dealings on behalf of IDBI Ltd. with professionalism, honesty, integrity and high moral and ethical standards. Every Director/ Officer/ Employee of IDBI Ltd. shall be responsible for the implementation of and compliance with the Code in his/ her professional environment, be fair and take action not to discriminate, honour confidentiality and strive to achieve more specific professional responsibilities.

Insider Trading
Insider Trading involves the improper use of non - public price sensitive information when dealing in securities. Specified employees are prohibited from engaging in insider trading as detailed in the Code of Conduct for Prevention of Insider Trading.