IDBI Bank concludes first transaction of its gilt account holders (GAHs) through RBI’s web-based Negotiated Dealing System (NDS) OM module. With this, the bank has become the first Primary Member in the country to enable such deal in the Indian market.
The deal was concluded on July 2, 2012, which was the first working day after the system was operationalized. RBI’s Web-based NDS OM module, operationalized on June 29, 2012, facilitates internet based access to gilt account holders to directly participate in secondary market of Gilts. The module enables all GAHs to trade in Government Securities, State Development Loans and T-Bills.
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 980 branches and 1579 ATMs.
