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His Excellency Dr. A.P.J.Abdul Kalam, Former President of India presented IDBI Bank the prestigious Banking Technology awards for Best Use of Business Intelligence and the Best Risk Management. The Bank was also a runner up in the category for Best Use of Technology in Training & e-Learning Initiatives. These awards have been instituted by the Indian Banks Association. These Awards were received by Shri R.M.Malla, Chairman & Managing Director, IDBI Bank and Shri Sanjay Sharma, MD & CEO, IDBI Intech (a wholly owned subsidiary of IDBI Bank)
Receiving the awards at a glittering function in Mumbai, Shri R.M.Malla CMD, IDBI Bank said “These awards are a tribute to our constant endeavour to serve our customers better, using the best in class IT infrastructure”.
About IDBI Bank
IDBI Bank Ltd. is a 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 793 branches and 1341 ATMs. The Bank has a total business size of Rs. 2,84,729 Crore as on December 31, 2010. IDBI Bank's operations during the nine month ended December 31, 2010 resulted in a net profit of Rs.1134 crore.