Thakur
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IDBI Bank on Tuesday introduced mobile
banking service for its customers. This facility
enables the customer to meet all banking
needs such as fund transfer, bill payments,
visa money transfer, DTH/ mobile recharge
and much more from any destination.
To commemorate 50 years of its journey in
the Indian financial sector, the public sector
bank’s Chairman & Managing Director M.S.
Raghavan also opened 50 new branches pan-
India through e-inauguration.
With the opening of these new branches, IDBI
Bank now has 1,467 branches, and 2,535
ATMs spread across 1,046 geographical
locations of the country.
Founded on July 1, 1964 through an Act of
Parliament, IDBI — the Development Financial
Institution (***) — played the role of mentor
during the pre-reform era (1964-91) in
catalysing broad-based industrial development
and creation of financial institutions in the
country for financing corporates and MSEs.
The institution was later transformed into a
bank in October 2004.
Raghavan said: "IDBI Bank, today though only
10 years old as a commercial bank, is actually
50 years young with the rich legacy of IDBI,
the development financial institution. These
50 years have been a wonderful journey for
us and this celebration of golden jubilee
would not have been possible without the
trust, support and well wishes of our
stakeholders.”
banking service for its customers. This facility
enables the customer to meet all banking
needs such as fund transfer, bill payments,
visa money transfer, DTH/ mobile recharge
and much more from any destination.
To commemorate 50 years of its journey in
the Indian financial sector, the public sector
bank’s Chairman & Managing Director M.S.
Raghavan also opened 50 new branches pan-
India through e-inauguration.
With the opening of these new branches, IDBI
Bank now has 1,467 branches, and 2,535
ATMs spread across 1,046 geographical
locations of the country.
Founded on July 1, 1964 through an Act of
Parliament, IDBI — the Development Financial
Institution (***) — played the role of mentor
during the pre-reform era (1964-91) in
catalysing broad-based industrial development
and creation of financial institutions in the
country for financing corporates and MSEs.
The institution was later transformed into a
bank in October 2004.
Raghavan said: "IDBI Bank, today though only
10 years old as a commercial bank, is actually
50 years young with the rich legacy of IDBI,
the development financial institution. These
50 years have been a wonderful journey for
us and this celebration of golden jubilee
would not have been possible without the
trust, support and well wishes of our
stakeholders.”
