IDBI Bank
to woo clients in local networks
Our Banking
Bureau
2 July 2002
 Mangalore:
IDBI Bank plans
to extend its "customer-centric philosophy" to all
customers in its local networks.
 IDBI
Bank representatives, who addressed a press conference here on 1
July 2002, primarily to attract businessmen to their new schemes,
said the bank now covers 61 cities across India, operating 82
branches with a network of 244 ATMs.
The number of customers
holding retail accounts in the bank are said to have risen to over
6 lakh with more than 30,000 accounts being added every month,
according to the representatives. As for Karnataka, the bank has
four branches at different locations in Mangalore, Hubli and
Bangalore.
 Revealing
details regarding the bank’s new "current account
products" that are expected to "help businesses
save," the representatives said Business Premium Current
Account and Business Special Current Account schemes offer free
fund transfers, free cheque collections and free inter-branch
banking, which results in businesses saving substantially on
transaction fees.
Businesses can now save
more than Rs 12 lakh per year with the Business Premium Current
Account and over Rs 6 lakh per year with the Business Special
Current Account by knocking off transaction costs from their
expenses.
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