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PR/1288 Financial Inclusion initiative by IDBI Bank flagged off by Honourable Prime Minister Shri Narendra Modi Mumbai, 21 September, 2015: Honourable Prime Minister Shri Narendra Modi flagged off 101 e-Rickshaws and 501 Cycle Rickshaws funded by IDBI Bank as micro enterprise loan, in association with Bhartiya Micro Credit (BMC), a Business Correspondent of the Bank, in Varanasi on September 18, 2015. The function was graced by Shri Ram Naik, Governor of UP and Shri Balram Yadav, Cabinet Minister, Government of UP. Shri Kishor Kharat, MD & CEO of the Bank was present during the occasion. PM also handed over IDBI Rupay Card to a few beneficiaries under the Pradhan Mantri Jan Dhan Yojana (PMJDY). Some of the account holders are also covered under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojna (PMSBY).

The function was also attended by Shri B. K. Batra, Deputy Managing Director and Shri S K V Srinivasan, Executive Director - Retail Banking.

Shri Kishor Kharat, MD & CEO (1st from Left), Hon'ble Shri Ram Naik, Governor of UP (2nd from Left), Hon'ble Shri Narendra Modi, Prime Minister (3rd from Left) and Hon'ble Shri Balram Yadav, Cabinet Minister, Government of UP (4th from Left) handing over IDBI Rupay Card to a few beneficiaries.

About the Bank

IDBI Bank is one of the youngest, new generation public sector universal Banks that rides on a cutting edge Core Banking platform with strong service orientation. This enables the Bank to offer personalized banking and financial solutions to its clients. IDBI Bank has one of the largest housing loan portfolios amongst PSBs and offers housing loans at base rate to its existing and new customers. The Bank offers very competitive rates to the MSME segment wherein it has different schemes for the specific customer segments. IDBI Bank also has a strong focus on agriculture sector and allied activities through its customized products, competitive pricing and personalized services.

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सीआइएन/(CIN)L65190MH2004GOI148838

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