Mumbai, September 5, 2011: : Dun & Bradstreet (D&B), the world’s leading provider of global business information, knowledge and insight, announced and presented the ‘Dun & Bradstreet – Polaris Software Banking Awards 2011’ in Mumbai. Shri R.M. Malla, CMD, IDBI Bank received the award for two categories – Overall Best Bank in India and the Best Public Sector Bank in India.
Speaking on the occasion, Shri Malla said that ‘this landmark event has been made possible due to the passionate hard work, dedication and service to the customers, by the entire team of 14000 professional employees of the bank. ‘
The ‘Dun & Bradstreet – Polaris Software Banking Awards 2011’ seek to recognize the growth and resilience of the Indian banking industry. The universe of the banks considered for the award are the top 62 commercial banks in the country (26 Public Sector banks, 20 Private Sector banks and 16 Foreign banks) with total income of Rs. 1,000 million and above.
About IDBI Bank Ltd.
IDBI Bank is the youngest new generation public sector universal bank that rides on a cutting edge core banking Information Technology platform. This enables the Bank to offer personalized banking and financial solutions to its clients through its over 880 branches and about 1480 ATMs. The Bank has an aggregate balance sheet size of over Rs. 2,53,000 crore and total business of Rs. 3,37,000 crore as on March 31, 2011. IDBI Bank's operations during the financial year ended March 31, 2011 resulted in a net profit of Rs.1650 Crore, which was about 60% higher as compared to previous year. The Bank has about 14,000 employees and the average age of employee is only 32 years, which gives it a unique demographic advantage. The Bank has brought paradigm shift in how banking is done in the country by doing away with charges related to operations of savings bank and current accounts.