Mumbai, Maharashtra India (PressExposure) September 22, 2011 -- IDBI Bank was conferred the "CNBC TV18 Special Jury Award" in Mumbai. Shri R.M. Malla, CMD, IDBI Bank received the award from honorable Union Cabinet Minister, Corporate Affairs, Shri M. Veerappa Moily.
The Bank was the recipient of the award in the large banks category. The awards were conferred on the basis of CNBC TV 18 - KPMG study of Indian Banks and financial Institutions on criteria such as growth, profitability, capital ratios and even softer qualities like investor/customer care by a distinguished panel of jurors that included Dr Rakesh Mohan, Professor in the Practice of International Economics of Finance, School of Management, & Senior Fellow, Yale University also the former Deputy Governor at the RBI, Mr. A.K. Purwar, Chairman of IndiaVenture Advisors Pvt. Ltd & former chairman of State Bank of India, Mr. S. Narayan, former Economic Advisor to PMO and Mr. Jagdish Capoor, former dy. Governor of RBI & former chairman of HDFC Bank and BSE.
Speaking on the occasion, Shri Malla said that 'The Bank has made remarkable progress over the past few years to serve our customers better and this award is a tribute to our constant Endeavour".
"Shri R.M. Malla, CMD, IDBI Bank receiving the award from honorable Union Cabinet Minister, Corporate Affairs, Shri Veerappa Moily"
About: The Industrial Development Bank of India Limited, popularly known as IDBI Bank is one of the leading public sector banks in India. Categorized as "other public sector bank" by Reserve Bank of India (RBI), IDBI Bank is also the 4th largest Indian bank. Founded in 1964 to provide credit and other facilities to its customers, IDBI Bank currently has 457 centers, 688 branches and 1020 ATMs across the nation. It is world's 10th largest development bank in terms of reach. IDBI Bank also built several institutions including the National Stock Exchange of India (NSE), the Stock Holding Corporation of India (SHCIL) and the National Securities Depository Services Ltd. (NSDL) etc.