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.