April 27, 2024 02:54 (IST)
Follow us:
IDBI Bank inaugurates zonal office in Bhubaneswar
Bhubaneswar, Aug 12 (IBNS): IDBI Bank's Zonal Office was inaugurated on Tuesday in Bhubaneswar by its Chairman and Managing Director M.S. Raghavan.
The newly opened zonal office is in tune with the Bank’s strategy to provide further autonomy to understand the local needs and extend financial assistance to the region, the company said in a statement.
In addition to this, the zonal centres will also play a vital role in helping the Bank achieve its goal of expanding its retail loan and MSME loan portfolio in the state. IDBI Bank has set a target of doubling its home loans and MSME disbursals in the zone in the next three years and offers multiple products to cater to customers in these two segments.
For targeting housing finance customers, the Bank has introduced a takeover scheme wherein customers can shift their housing loans to IDBI Bank with no processing charges being levied on them.
Speaking on the occasion, M.S. Raghavan said, “The establishment of our zonal office complements and supplements the strengthening of our presence in the state. The Bank’s initiative today is a testament to our commitment to empower the zones to bring in unprecedented financial solutions to our customers.”
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
India’s export of premium-quality basmati rice up 22% till Feb 2024 Sat, Apr 27 2024
Small Finance Banks can now apply to become universal banks under the on-tap licesning norms: RBI Sat, Apr 27 2024
Difference Between Demat and Trading Account Fri, Apr 26 2024
SBI Cards Q4FY24 net profit grows 11% YoY to Rs 662.37 cr Fri, Apr 26 2024
Stock market opens in green with Nifty near 22,600 Fri, Apr 26 2024
Vedanta Ltd Q4FY24 net profit drops 27% YoY to Rs 1,369 cr Thu, Apr 25 2024
Swiggy gets shareholders' nod for $ 1.2 billion IPO Thu, Apr 25 2024
HUL Q4FY24 profit drops 6% YoY to Rs 2,406 cr Thu, Apr 25 2024