July 22, 2026 08:33 pm (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
Indian stock market crash: Sensex slides 715 points
Wed, Jul 22 2026
TCS study reveals Physical AI is now mainstream as manufacturers scale AI implementation
Wed, Jul 22 2026
Onida unveils 'Onida Rewired', plans 100 retail outlets in 2-3 years
Wed, Jul 22 2026
Bandhan Bank reports 11% growth in Q1
Tue, Jul 21 2026