IDBI Bank Celebrates its Foundation Day

Mumbai, Maharashtra India (PressExposure) October 05, 2011 -- IDBI Bank celebrated its 8th Foundation Day. On October 1, 2004 IDBI got converted into 'IDBI Bank Ltd.' Keeping the past tradition in mind, the weeklong celebrations will be extended pan India, with 'Customer Delight' being the prime focus. Further, this year the focus will be extended to encompass 'Employee Engagement,'

During the Foundation Week, the Bank will be undertaking a Customer Satisfaction Survey, wherein the customers will be invited to participate and share their valuable feedback to help improve the overall service quality of the bank.

The Bank in order to commemorate the occasion has launched special limited period offers for customers. Customers can get cash back upto Rs. 1000/- on their total purchases during the offer period October 01, 2011 to January 31, 2012. Also, from September 10, 2011 IDBI Bank initiated an offer to provide concession on the Gift Card fee, which will be valid till February 15, 2012. Details of all offers can be obtained from the bank's website. The Bank has also revamped its Recurring Deposit schemes in such a way as to provide more flexibility, accessibility and benefits.

The Industrial Development Bank of India Limited is one of India's leading public sector banks and 4th largest Bank in overall ratings. RBI categorised IDBI as an "other public sector bank". It was established in 1964 by an Act of Parliament to provide credit and other facilities for the development of the fledgling Indian industry. It is currently 10th largest development bank in the world in terms of reach with 1455 ATMs, 883 branches including one overseas branch at DIFC, Dubai and 598 centers including two overseas centres at Singapore & Beijing. Some of the institutions built by IDBI are the National Stock Exchange of India (NSE), the National Securities Depository Services Ltd (NSDL), the Stock Holding Corporation of India (SHCIL), the Credit Analysis & Research Ltd, the Export-Import Bank of India (Exim Bank), the Small Industries Development Bank of India(SIDBI), the Entrepreneurship Development Institute of India, and IDBI BANK, which is owned by the Indian Government. IDBI Bank is on a par with nationalized banks and the SBI Group as far as government ownership is concerned.

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Press Release Submitted On: October 05, 2011 at 4:40 am
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