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IDFC FIRST Bank introduces DBUs in Odisha, Nagaland

19 Oct 2022 Evaluate

IDFC FIRST Bank has launched Digital Banking Units (DBUs) at Kendujhar in Odisha and Dimapur in Nagaland. The move is in sync with the Government’s initiative to deepen financial inclusion.

The DBUs will provide a comprehensive range of digital products and services on the liability as well as the asset side, including opening of savings accounts, fund transfers, end-to-end digital processing of loans, internet banking, digital grievance redressal, ATMs, and services related to government sponsored schemes.

The outlets at Kendujhar and Dimapur are part of the 75 DigitalBankingUnits. The establishment of DBUs across 75 districts was announced in the latest Budget to commemorate 75 years of India’s independence.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

Peers
Company Name CMP
HDFC Bank 739.00
ICICI Bank 1339.50
Axis Bank 1242.50
Kotak Mahindra Bank 412.50
Indusind Bank 953.00
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