OREANDA-NEWS. July 12, 2012. Shri B K Batra, Deputy Managing Director, IDBI Bank Ltd, inaugurated the MSE focused branch of IDBI Bank in Jalandhar today. On this occasion a customer meet was also organized wherein key industrialists and representatives of Industry Associations/Chambers of Commerce from Jalandhar were present. The branch is located at an emerging industrial hub of Jalandhar. Since a large number of MSE units are presently operating in the area, the branch would provide complete banking solutions to Micro & Small Units in and around the city, and thereby help IDBI Bank in expanding its reach amongst the MSE sector.

Speaking on the occasion, Shri Batra said "IDBI Bank, which has been serving the corporates for over four decades as a Development Financial Institution (DFI) has successfully transformed itself into a new generation, full-service commercial bank, offering a wide spectrum of financial products & services, in the areas of retail and corporate banking, agriculture, MSE and other segments of financial services. The MSE focused Branch of the Bank would serve and support the growing needs of MSE units located in and around Jalandhar."

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 984 branches and 1582 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 March 31, 2012. IDBI Bank's operations during the financial year ended March 31, 2012 resulted in a net profit of Rs.2,032 Crore.