IDBI Bank, the public sector lender is planning to open 600 new branches this year, which will take its tally to 2,000 branches all over India. Meanwhile, the bank has also clarified that the bank has no plan to merge with the united bank of India. Both the banks are public sector entities with government of India having 76.50 percent and 89.47 percent stake in IDBI Bank and United Bank of India respectively.
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 1,217 branches and 2,101 ATMs.
