IDBI Bank has rolled out mobile banking from Nagpur

By | March 29, 2011

A recent press report said that India’s leading public sector bank, IDBI Bank has rolled out its mobile banking facility at Nagpur.

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. . The bank offers a wide range of loan products to suit all the needs of the customers ranging from home loan to education, a holiday to buying a laptop etc.

Mr.R. M. Malla chairman cum managing director of IDBI bank said that the bank’s mobile banking bus had commenced its ‘vikas yatra’ from IDBI Tower in Mumbai. The mobile banking bus is equipped with BSNL telephones and has a GPS system to keep a track of the bus on its movement.

He said a bus has been converted into a mobile ATM and as part of the initiative; the bank has commenced ‘vikas yatra’ to promote developmental activities in the country. He also said that the bus would reach every nook and corner of the rural area adding India has six lakh villages and we (banks) have not reached even one lakh villages so far.

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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