In order to enable people in the farthest corners of the country to transact digitally, IDFC Bank, one of the youngest bank in the country, is reportedly planning to build a network of more than one lakh points-of-presence in the next two years. The company is likely to set up 30,000 micro ATMs and 75,000 Aadhaar Pay merchant points as part of its plan. While the micro ATMs function as a bank-in-a-box, most of the Aadhaar Pay merchants will be converted into business correspondents and will deliver basic financial services.
IDBI Bank is the first Public Sector Bank which has been awarded with ISO22301:2012 Certification for a Bank-wide coverage (including a subsidiary viz. IDBI Asset Management Company) of BCMS and also, it is one amongst the few in the Indian banking industry to receive such certification.
