IDBI Bank introduces country's first online retail G-Sec Portal, IDBI Samriddhi G-Sec Portal, operational from January 17, 2012. This portal provides an opportunity for retail investors to invest in Government securities (bonds) issued, both by Central and State governments. Through bank's website, retail investors having access to the Internet and Demat account can freely buy and sell government bonds at the click of a button.
IDBI Bank has a large portfolio of MSME sector units and is desirous of expanding its lending to this MSME sector in view of the fact that this sector is a key driver of Indian economy in terms of contribution to GDP, employment and exports and also the pronouncements in the Government's MSME policy.
