IDBI Bank has introduced country’s first online G-Sec portal ‘Samriddi’ to help retailers to purchase government bonds and securities for high yield. Following RBI’s aspiration that government bonds and securities should be made a popular mode of investment for retailers, the bank has taken the initiative and launched the Samriddhi G-Sec portal.
To Purchase the bonds retailer can log on to the portal and register with it for online purchase of government bonds and securities for high annualized yield. Taking into consideration retail investors’ contribution in government bonds and securities were much lower in India than countries like Japan, Mexico and Argentina. The bank aims to launch a series of awareness programmes to attract the retail investors.
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.
Company Name | CMP |
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HDFC Bank | 1561.50 |
ICICI Bank | 1124.05 |
Axis Bank | 1200.45 |
Indusind Bank | 1486.05 |
Kotak Mahindra Bank | 1745.50 |
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