IDBI Bank Contributes Rs. 1 Crore to the Tamil Nadu Chief Minister’s Public Relief Fund for Chennai Floods

IDBI Bank as part of its Corporate Social Responsibility initiative contributed Rs. 1 crore to the Tamil Nadu Chief Minister’s Public Relief Fund – for people affected by the recent floods in the state. Shri Rabinarayan Panda, CGM, IDBI Bank, handed over the cheque to Hon’ble Chief Minister of Tamil Nadu, Ms. J. Jayalalithaa on 04^th February, 2016. Shri R Ramesh, GM and Shri T.A. Ganesh, GM, were also present on the occasion.

On behalf of IDBI Capital Market Services, Shri Sunil Kumar Bansal, Executive Vice-President, also handed over a cheque of Rs. 25 lakh towards the Chief Minister’s Public Relief Fund.

Due to the flood situation, the state of Tamil Nadu has suffered massive devastation especially in districts like Chennai, Kancheepuram, Cuddalore and Thiruvallur.

About the Bank

IDBI Bank is the youngest, new generation public sector universal Bank that rides on a cutting edge Core Banking platform with strong service orientation. This enables the Bank to offer personalized banking and financial solutions to its clients. IDBI Bank has one of the largest housing loan portfolios amongst PSBs and offers housing loans at base rate to its existing and new customers. The Bank offers very competitive rates to the MSME segment wherein it has different schemes for the specific customer segments. IDBI Bank also has a strong focus on agriculture sector and allied activities through its customized products, competitive pricing and personalized services.