OREANDA-NEWS. March 18, 2011. IDBI Bank Limited has launched a multi currency remittance facility for making payments in miscellaneous currencies. With this facility IDBI Bank now offers to its customers remittance facility in more than 125 currencies across the world. The facility offers absolute transparency to the customer in terms of exchange rate of the exotic currency and insulates against subsequent volatility. The facility will be available to all customers of IDBI Bank for both trade and non trade payments at all branches in India. The authorised dealer branches of IDBI BANK LIMITED will execute the payment.

IDBI Bank Ltd. is a 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 through its 802 branches and 1354 ATMs. The Bank has an aggregate balance sheet size of Rs. 2,84,729 Crore as on December 31, 2010. IDBI Bank's operations during the nine month ended December 31, 2010 resulted in a net profit of Rs.1134 crore.