IDBI, the best in SME Financing: D & B
August 30, 2010 | COMMENTS ( 1 )
IDBI Bank has received the Best Public Sector Bank (PSB) award in “SME financing” from global business information provider Dun & Bradstreet (D&B).
The award was presented to IDBI Bank at the ‘Dun & Bradstreet - Polaris Software Banking Awards 2010’ in Mumbai. The occasion also marked the launch of the fourth edition of D&B India’s study on India’s Top Banks 2010.
IDBI Bank's operations during the quarter ended June 30, 2010, resulted in a net profit of Rs.251 crore.
On the occasion T R Bajalia, Executive Director & Head-SME Group at IDBI Bank said that IDBI Bank has developed a special business model to serve SMEs in the country that has enabled the bank to develop a quality SME portfolio through a dedicated streamlined credit decision process.
The base universe of the banks considered for the awards were the top 64 scheduled commercial banks (SCBs) as covered in the publication. D&B India developed a proprietary quantitative model based on various parameters for identifying the top banks across the spectrum.
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kush trehaan
September 22, 2010 at 4:05 amdear sir/madam i have a showroom of 1800 sqf on parparganj road in geeta colony ,near geeta colony police station.I am planing to give it to some bank for rent,so if you are intrested to open a branch of yours please contact me .9910332319(kush trehan) thank you
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