SHRI BP SINGH, Deputy Managing Director, IDBI Bank, received the Certificate from Dr. Amit Gupta, Director Finance, QA Certification Pvt Ltd, on behalf of the Bank, at a function held at New Delhi. Recognized in more than 150 countries, 9001:2008 Standards places a strong emphasis on customer satisfaction, management responsibility, continual improvement and organizational performance measurement. It further demonstrates the bank’s commitment to regulatory requirement and quality of service standards. This gives the customer added confidence and enhances their satisfaction and trust. Shree Vayam, the in-house journal of the bank also received the ISO 9001: 2008 certificate for its design, publication and timely distribution.
As per the website of IDBI Bank, as on March 31, 2011, the Bank had a network of 816 Branches and 1372 ATMs. The Bank's total business, during Fy 2010-11, reached Rs. 3,37,584 Crore, balance sheet reached Rs. 2,53,377 Crore while it earned a net profit of Rs. 1650 Crore (up by 60 per cent).
Industrial Development bank of India (IDBI) was constituted under Industrial Development bank of India Act, 1964 as a Development Financial Institution and came into being as on July 01, 1964 vide GoI notification dated June 22, 1964. It was regarded as a Public Financial Institution in terms of the provisions of Section 4A of the Companies Act, 1956. It continued to serve as a DFI for 40 years till the year 2004 when it was transformed into a bank.