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Press background on IDBI Bank
Company profile
IDBI Bank Ltd. is a Universal Bank with its operations driven by a cutting edge core Banking IT platform. The Bank offers personalized banking and financial solutions to its clients in the retail and corporate banking arena through its large network of Branches and ATMs, spread across length and breadth of India. We have also set up an overseas branch at Dubai and have plans to open representative offices in various other parts of the Globe, for encashing emerging global opportunities. Our experience of financial markets will help us to effectively cope with challenges and capitalize on the emerging opportunities by participating effectively in our country’s growth process.
 Recent press releases
IDBI Bank Limited Announces Financial Results for the Quarter and Year Ended March 31, 2015

Highlights of Q4 FY 15 (March 31,2015) financial results vis-à-vis Q4 FY 14 (March 31, 2014)
Business up 8% to Rs. 4,68,213 Crore (from Rs. 4,33,460 Crore)
 
Deposits increased by 10% to Rs. 2,59,836 Crore (from Rs. 2,35,774... (more)
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IDBI Bank Loans to Become Cheaper Following 25 bps Reduction in Base Rate

IDBI Bank’s loans, linked to Base Rate will become cheaper following a 25 bps reduction in its Base Rate to 10% with effect from May 11, 2015.
 
IDBI Bank has taken this pro-active step, keeping in view the recent policy measures announced by the RBI. The reduction in int... (more)
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IDBI Bank Signs MoU with Bajaj Allianz General Insurance Company Ltd.

IDBI Bank Ltd and Bajaj Allianz General Insurance Company Ltd (BAGIC) have entered into a Memorandum of Understanding (MoU) to implement the Pradhan Mantri Suraksha Bima Yojana (PMSBY) for savings bank account holders of the Bank. The MoU was signed by Smt. Medha V Joshi, Chief General Manager, Ret... (more)
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IDBI Bank Partners with NPCI to Launch ‘Rupay Platinum Debit Card’

IDBI Bank in association with National Payments Corporation of India (NPCI) launched the ‘Rupay Platinum Debit card’ in the presence of Shri M. S.Raghavan, CMD, IDBI Bank and Shri A. P.Hota, MD and CEO, NPCI.
The ‘Rupay Platinum Debit card’ enables cost-effective, fa... (more)
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IDBI Bank Signs MoU with LIC of India to Implement the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJBY)

IDBI Bank Ltd and Life Insurance Corporation of India (LIC) have entered into a Memorandum of Understanding (MoU) to implement the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJBY) for savings bank account holders of the Bank. The MoU was signed by Shri S. K. V. Srinivasan, ED, IDBI Bank and Shri K. ... (more)
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IDBI Bank Marks Yet Another Milestone - Inaugurates 3000th ATM

In tune with its philosophy of ‘Bank Aisa, Dost Jaisa’, IDBI Bank today strengthened its network and reach in the country by inaugurating its 3000th ATM at Punjabi Bagh, New Delhi. The 3000th ATM was inaugurated by Shri S. Ravi and Shri Pankaj Vats, Directors of IDBI Bank, in presence o... (more)
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IDBI Bank Inaugurates E-lounge at Saket Branch, New Delhi

Taking forward its endeavour to deploy cutting edge technology to offer a wide array of advanced financial services and products to its customers, IDBI Bank launched its first e-lounge in New Delhi. The e-lounge, which is a self service lounge and located at Saket branch in New Delhi, was inaugurat... (more)
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IDBI Bank Launches Mobile Banking App

IDBI Bank, a new generation PSU Bank, today launched its Mobile Banking Application (App). The new Application, with the branding “IDBI Bank Go Mobile”, is available on the android platform and can be downloaded from the Google Play Store.
 
The Mobile Banking App g... (more)
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IDBI Bank Q3FY15 Results

Highlights of Q3 FY 15 (Dec 31,2014) financial results vis-à-vis Q3 FY 14 (Dec 31, 2013)
Business up 16% to Rs. 4,30,502 Crore (from Rs. 3,72,387 Crore)
Deposits increased by 20% to Rs. 2,33,199 Crore (from Rs. 1,93,858 Crore)
Advances up by 11% to Rs. 1,97,303 ... (more)
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Quote from Mr. Ganti N Murthy, Head - Fixed Income, IDBI Asset Management Co Ltd on RBI Credit Policy

The quote from Mr. Ganti N Murthy, Head - Fixed Income, IDBI Asset Management Co Ltd:
 
“As expected the RBI had maintained status quo in its meeting today . This was expected as the RBI had cut the repo rate only 15 days ago and since monetary policy changes take ef... (more)
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