OREANDA-NEWS. July 06, 2012. IDBI Bank has become the first Primary Member in the country to enable one of its Gilt Account Holders to transact through RBI's Web-based Negotiated Dealing System (NDS) OM module by concluding the first such deal in the Indian market on July 2, 2012, which was the first working day after the system was operationalized. RBI's Web-based NDS OM module, operationalized on June 29, 2012, facilitates internet based access to Gilt Account Holders (GAH) to directly participate in secondary market of Gilts. The module enables all GAHs to trade in Government Securities, State Development Loans and T-Bills. Commenting on the deal, Shri R M Malla, Chairman and Managing Director, IDBI Bank mentioned that "This is one more instance of IDBI Bank taking the lead in promoting RBI's initiative in deepening and widening the market for Government Securities".

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 982 branches and 1581 ATMs. The Bank has an aggregate balance sheet size of Rs. 2,90,837 crore and total business of Rs 3,91,651 crore as on financial year ending March 31, 2012. IDBI Bank's operations during the financial year ending March 31, 2012 resulted in a net profit of Rs.2,032 Crore.