IDBIBANK

Idbi Bank Ltd. has informed the Exchange that Mr Susheel Kak, an employee of IDBI - CBSBU has intimated change in shareholding of IDBI Bank's shares, upon receipt of intimation of allotment of 1,10,977 equity shares on April 29, 2005 under the Employee Stock Option Scheme and his total shareholding after the allotment (i.e. April 15, 2005) is 1,10,977 equity shares.

Idbi Bank Ltd. has informed the Exchange that the following employees of IDBI - CBSBU have intimated change in shareholding of IDBI Bank's shares, upon receipt of intimation of allotment of shares on April 29, 2005, under the Employee Stock Option Scheme: 1) Janak Desai has been allotted 1,28,719 shares and his balance shareholding is 4,24,504 shares; 2) Jayant Mehrotra has been allotted 61,613 shares and his balance shareholding is 82,261 shares; 3) Prashant Joshi has been allotted 64,361 shares and his balance shareholding is 1,70,837 shares; 4) Phani Shankar has been allotted 91,579 shares

Members of the Exchange are hereby informed that the trading in equity shares of IDBI Bank Ltd. shall be suspended w.e.f. May 09, 2005 (i.e. closing hours of trading on May 06, 2005) on account of Scheme of Amalgamation of IDBI Bank Ltd with Industrial Development Bank of India Limited.

Industrial Development Bank Of India Limited (IDBI Ltd.) has informed the Exchange that the BOD's in its meeting held on April 29, 2005, have decided to issue and allot shares of IDBI Ltd. in lieu of the shares held by the shareholders of IDBI Bank Ltd. in the ratio of 100 shares of Industrial Development Bank of India Ltd. for every 142 shares of IDBI Bank Ltd. as per the Scheme of Amalgamation sanctioned by the Reserve Bank of India and close the register of members of IDBI Bank Ltd. between May 16 to May 23, 2005 (both days inclusive) to ascertain the eligibility of shareholders of IDBI Ban

Idbi Bank Ltd. has informed the Exchange that the Bank has received disclosure on April 11, 2005 from its employee, Mr. Susheel Kak, regarding sale of 10,490 Equity Shares of IDBI Bank Ltd. The shares were sold on April 6, 2005 and his shareholding after the sale is Nil.

Idbi Bank Ltd. has informed the Exchange that Reserve Bank of India (RBI) has on April 1, 2005 approved the Scheme of Amalgamation of the Bank with Industrial Development Bank of India Ltd. (IDBI) with effect from April 2, 2005.

Idbi Bank Ltd. has submitted to the Exchange the proceedings of the EGM of the bank held on February 25, 2005. The details of the proceedings of EGM shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Idbi Bank Ltd. has informed the Exchange regarding change in shareholding of the following employees of the Bank on account of allotment of shares under the Employee Stock Option Scheme of the Bank on March 14,2005: 1) Janak Desai has been alloted 295,785 shares and his balance shareholding is 295,785 shares. 2) Prashant Joshi has been alloted 106,476 shares and his balance shareholding is 106,476 shares. 3) V.G.S Rajan has been alloted 24,582 shares and his balance shareholding is 81,252 shares.

Idbi Bank Ltd. has informed the Exchange that the Remuneration Committee of the Bank has on March 14, 2005 allotted 5,05,812 equity shares of Rs.10/- each, pursuant to exercise of Employee Stock Options granted to Employees.

Idbi Bank Ltd. has informed the Exchange that the Bank has received disclosure on February 26, 2005, from its employee, Mr. M S Sekhar, regarding sale of 10000 equity shares of the Bank. The shares were sold on February 22, 2005 and his shareholding after the sale is 31038 equity shares.

Idbi Bank Ltd. has informed the Exchange that the bank has allotted by way of private placement,660 Tier-II,subordinated,Unsecured,Redeemable,Non Convertible Bonds in the nature of Promissory Notes,Tenor-74 months,of the face value of Rs.10,00,000 each,aggregating to Rs.66 Crores,at a coupon rate of 7%.The deemed date of allotment of these promissory notes is February 28,2005.

Idbi Bank Ltd. has informed the Exchange that EGM of the Bank was held on February 25, 2005, inter alia, to consider the Resolution for approving the Scheme of Amalgamation of the Bank with Industrial Development Bank of India Ltd.. The resolution has been passed unanimously, by the members present in person or by proxy, at the EGM.

Idbi Bank Ltd. has informed the Exchange that the Bank has received disclosure on February 21, 2005, from its employee, Mr. Jayant Mehrotra, regarding sale of 10,000 Equity Shares of the Bank. The shares were sold on February 18, 2005 and February 21, 2005 respectively and his shareholding after the sale is 16,176 Equity Shares.

Idbi Bank Ltd. has informed the Exchange of the change in shareholding, on account of allotment of shares under the Employee Stock Option Scheme of the Bank on February 09, 2005. The details are as follows: 1) R. Narasimhan has been allotted 60,684 shares and his balance shareholding is 14,8651 shares; 2) Gautam Gan has been allotted 29,576 shares and his balance shareholding is 43,565 shares.

Idbi Bank Ltd. has informed the Exchange that the Bank has received disclosure on February 07, 2005, from its employee, Mr. Pramod Vaidya, regarding sale of 12,500 Equity Shares of the Bank. The shares were sold on February 02, 2005 and February 03, 2005 respectively and his shareholding after the sale is 66,361 Equity Shares.

Idbi Bank Ltd. has informed the Exchange that the Remuneration Committee of the Bank has on February 09, 2005 allotted 1,88,669 equity shares of Rs.10/- each, pursuant to exercise of Employee Stock Options granted to Employees.

Idbi Bank Ltd. has informed the Exchange that the Bank has received disclosure on February 07, 2005, from its employee, Mr. Susheel Kak, regarding sale of 25,000 Equity Shares of the Bank. The shares were sold on February 03, 2005 and his shareholding after the sale is 10,490 Equity Shares.

Idbi Bank Ltd. has informed the Exchange that an EGM of the members of the bank will be held on February 25,2005, interalia to approve the Scheme of Amalgamation of IDBI Bank Ltd. with Industrial Development Bank of India Ltd.. The details of the notice of EGM shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Idbi Bank Ltd. has informed the Exchange that the bank has received disclosure on February 04, 2005, from its employee, Mr. Jayant Mehrotra, regarding sale of 10,000 equity shares of the bank. The shares were sold on February 02, 2005 and February 03, 2005 respectively and his shareholding after the sale is 26,176 equity shares.

Idbi Bank Ltd. has informed the Exchange that Mr.Sunil Mehta, an employee of the Bank holds 1200 equity shares of the Bank as on January 19,2005.

Idbi Bank Ltd. has informed the Exchange that Mr. Sanjeev Srivastava, an employee of the Bank has intimated change in his shareholding on account of allotment of 31,354 equity shares on January 19, 2005 under the Employee Stock Option Scheme of the Bank. His total shareholding after the allotment is 31,354 equity shares.

Idbi Bank Ltd. had informed the Exchange that the BODs at its meeting held on July 21,2004 had approved raising of Tier II Capital upto Rs.30 Crores. The bank has now informed that the BODs at its meeting held on January 20, 2005 has modified the said approval and has revised the amount to Rs. 70 Crores.

Idbi Bank Ltd. has informed the Exchange that the BOD's of the Bank at its meeting held on January 20, 2005 has approved the Scheme of Amalgamation, envisaging merger of IDBI Bank Ltd. with IDBI Ltd. Pursuant to the Scheme approved by the Boards of both the Banks, IDBI Ltd. will issue 100 equity shares for 142 equity shares held by the shareholders in IDBI Bank Ltd.

Idbi Bank Ltd. has informed the Exchange that the Remuneration Committee of the Bank has on January 19, 2005 allotted 2,70,205 equity shares of Rs.10/- each, pursuant to exercise of Employee Stock Options granted to Employees.

Idbi Bank Ltd. has informed the Exchange that the Bank has received disclosure from its employee, Mr. S Sivakumar, regarding sale of 8,000 equity shares of the Bank. The shares were sold on January 04, 2005 and January 06, 2005 and his shareholding after the sale is 5,167 equity shares.

Idbi Bank Ltd. has informed the Exchange that the Bank has received disclosure from its employee, Mr. S Sivakumar, regarding sale of 5,000 equity shares of the Bank on December 31, 2004. His balance shareholding after the sale is 13,167 shares.

Idbi Bank Ltd. has informed the Exchange that the Remuneration Committee of the Bank has on December 14, 2004 allotted 73,710 equity shares of Rs.10/- each, pursuant to exercise of Employee Stock Options granted to Employees.

Idbi Bank Ltd. has informed the Exchange that Mr. Susheel Kak, an employee of the Bank has intimated change in his shareholding on account of allotment of 35,490 equity shares on November 22, 2004 under the Employee Stock Option Scheme of the Bank. His total shareholding after the allotment is 35,490 equity shares.

Idbi Bank Ltd. has informed the Exchange that the Remuneration Committee of the Bank has on November 22, 2004 allotted 58,591 equity shares of Rs.10/- each, pursuant to exercise of Employees Stock Options granted to Employees.

Idbi Bank Ltd. has informed the Exchange that Dr.P.V.Shenoi has ceased to be a director of the bank w.e.f November 21,2004.

Idbi Bank Ltd. has informed the Exchange that Small Industries Development Bank of India (SIDBI) has notified nomination of Mr. N Balasubramian, Deputy Managing Director, SIDBI as its Nominee Director on the Board of the Bank, in place of Mr. V K Chopra. The same has been accepted by the Board at its meeting held on October 29, 2004.

Idbi Bank Ltd. has informed the Exchange that the Remuneration Committee of the Bank has on October 15, 2004 allotted 67697 equity shares of Rs.10/- each, pursuant to exercise of Employee Stock Options granted to Employees.

Idbi Bank Ltd. has informed the Exchange that Mr. R Narasimhan, an employee of the bank has intimated change in his shareholding. The details are as follows: On account of allotment of 27,695 equity shares on October 15, 2004 under the Employee Stock Option Scheme of the Bank. His total shareholding after the allotment is 77,541 equity shares.

IDBI Bank Ltd. has informed the Exchange that the Bank has received disclosure from its employee, Mr. Sunil Aggarwal regarding sale of 775 equity shares of the Bank on October 01, 2004 and 10,000 equity shares of the Bank on October 04, 2004. His current shareholding is 36,886 equity shares.

Idbi Bank Ltd. has informed the Exchange that the members of the Bank at the AGM of the Bank held on September 28, 2004 have approved the voluntary delisting of equity shares of the Bank from Madhya Pradesh Stock Exchange. The Bank's shares will however continue to be listed on the National Stock Exchange and the Stock Exchange, Mumbai.

Clarification of News : The press had reports that the swap ratio of the merger of IDBI Bank Limited with IDBI would range between 1:1 and 2:3. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. IDBI Bank Limited has vide its letter inter-alia stated, "The Board of Directors of the Bank have taken an 'in-principle' decision to merge with the Industrial Development Bank of India Limited (proposed company to be formed