OREANDA-NEWS. December 19, 2012. To mark the unique confluence of 12.12.12, IDBI Bank simultaneously inaugurated 12 branches in 12 different states at 12:12 pm on December 12, 2012. A total of 6 rural branches in Assam, Madhya Pradesh, Maharashtra, National Capital Region, Tamil Nadu & Uttarakhand; 5 semi-urban branches in Chhattisgarh, Karnataka, Kerala, Punjab & Uttar Pradesh and 1 urban branch in Manipur have been inaugurated by Shri R.M.Malla, CMD, IDBI Bank through a virtual inauguration at the Bank’s Head Office.

Speaking on the occasion, Shri R. M. Malla said “December 12, 2012 or 12.12.12 is a unique date, considering the repetition of number 12 for the date, month and year. It is also the last of unique sequences of dates in this century. It was thus felt, that this occasion may be celebrated by IDBI Bank by introducing new initiatives. IDBI Bank is committed to providing banking services pan India, with ‘Customer Delight’ being the prime focus. With the phenomenal rise in country's population and increasing demand for banking services, innovation and customer satisfaction have become key parameters to succeed in the Indian banking sector. Accordingly, IDBI Bank will continue to provide banking services in these branches, that are customer-friendly and bring convenience to customers banking with us.”

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 1012 branches and 1594 ATMs. The Bank had an aggregate balance sheet size of about Rs.265,000 crore and total business of Rs.350,000 crore as on September 30, 2012. IDBI Bank's operations during the halfyear ended September 30, 2012 resulted in a net profit of Rs.911Crore. The Bank’s operations during the last full financial year (2011-12) had yielded a net profit of Rs. 2032 crore.