IDBI Outreach Program in Villages Allotted for Financial Inclusion
OREANDA-NEWS. March 22, 2011. With a view to reaching out to the rural populace, Shri B. P. Singh, Deputy Managing Director, IDBI Bank Ltd. visited Village Mandwa, District Jalna in March, 2011. Under the Financial Inclusion program, basic banking services is being provided at the doorsteps of the customers with the help of bio-metric smart cards and hand held devices through Business Correspondent of the Bank.
Speaking on the occasion, Shri B. P. Singh, DMD, IDBI Bank, said that "the provision of banking and financial services to the rural hinterland would be an enabler for inclusive growth".
IDBI Bank has set up a Team to oversee the implementation of Financial Inclusion program as envisaged by the RBI and GoI.
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 1355 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.
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