IDBI has received Best Bank Award

By | August 1, 2011

A recent press report said that IDBI bank has won awards in two categories namely, the overall best bank in India and the best public sector bank in India. The bank’s chairman and managing director R.M. Malla received the awards.

Mr. Malla said that the awards have been made possible due to the passionate hard work, dedication and service to the customers, by the entire team of 14,000 professional employees of the bank.

Reports said that the Dun & Bradstreet Polaris Software Banking Awards 2011 recognize the growth and resilience of the Indian banking industry. The top 62 commercial banks in the country (26 public sector banks, 20 private sector banks and 16 foreign banks) with total income of Rs.1,000 million and above are evaluated for the award.

The Industrial Development Bank of India Limited (IDBI) is one of India’s leading public sector banks and 4th largest Bank in overall ratings. It was established in 1964 and the RBI has categorized IDBI as an “other public sector bank”. As on March 31, 2011, the Bank had a network of 816 Branches and 1372 ATMs. The Bank recorded a total business of Rs. 3, 37,584 Crore, during the financial 2010-11. The bank has earned a net profit of Rs. 1650 Crore (up by 60 %). The bank offers home loans, personal loans, educational loan, business loan etc.

All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit for the latest rates/offers.
Category: Articles Glossary Tags: , ,

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.

Leave a Reply

Your email address will not be published. Required fields are marked *