IDBI Bank Launches Pilot Project for UIDAI Aadhaar Enrollment

Mumbai, India (PressExposure) July 06, 2011 -- IDBI Bank Ltd, one of the Registrars for enrollment of residents under Aadhaar project of UIDAI has launched its enrollment on pilot scale for its employees at Corporate office on July 6, 2011. The function was also graced by Shri Prashant Singh, Assistant Director General, UIDAI and Shri Gurudutta Rai, Assistant Director General, UIDAI. Aadhaar is a means for residents to easily and effectively establish their identity, to any Agency, anywhere in the country, without having to repeatedly produce identity documentation. The first person in the bank to enroll was Shri R M Malla, CMD of the Bank.

Inaugurating this launching programme, Shri Malla said that the Bank perceived Aadhaar as a mighty tool to empower the common person by facilitating him/her access to a modern financial system of the country as also a step towards a sustainable and inclusive growth, which in turn was essential for building an equitable society. Speaking on the function, Shri Prashant Singh, ADG explained the features and benefits of the UIDAI.

IDBI Bank has floated RFP for selection of Enrolment Agencies for similar launches at all its Branches across the country. Bank has ambitious plan to enroll more than 2.50 crore Indian citizens including its customers, their family members and walk-ins all over the country.

About IDBI:

IDBI Bank Ltd. is a Universal Bank with its operations driven by a cutting edge core Banking IT platform. 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. We have also set up an overseas branch at Dubai and have plans to open representative offices in various other parts of the Globe, for encashing emerging global opportunities.

As on March 31, 2011, the Bank had a network of 816 Branches and 1372 ATMs. The Bank's total business, during Fy 2010-11, reached Rs. 3,37,584 Crore, Balance sheet reached Rs. 2,53,377 Crore while it earned a net profit of Rs. 1650 Crore (up by 60 %).

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IDBI Bank Ltd. vision for the Bank is for it to be the trusted partner in progress, by leveraging quality human capital and setting global standards of excellence, to build the most valued financial conglomerate. Our experience of financial markets helps us to effectively cope with challenges and capitalize on the emerging opportunities by participating effectively in our country's growth process.

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Press Release Submitted On: July 06, 2011 at 6:39 am
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