MoneyWorks4Me

IDBI Bank to implement Digital Signature based authentication solution

18 Mar 2013 Evaluate

IDBI Bank has partnered with eMudhra Consumer Services (eMudhra), a licensed certifying authority (CA), to implement Digital Signature based authentication solution to strengthen and further secure its Corporate Inet Banking channel. This solution builds trust and enhances security in the electronic banking system thereby enhancing comfort and confidence of both, the customer and the bank while undertaking Third Party Funds Transfers and Bulk Transaction uploads.

Digital Signature Certificate (DSC) is a PKI based asymmetric cryptography technology using 2048 bit advanced encryption standards. The information, which is digitally signed using a DSC, ensures authenticity, non-repudiation, confidentiality and integrity of the data transmitted.

IDBI Bank, riding on cutting edge core banking information technology platform, offers 24x7 internet banking facility for pan India payments of direct taxes, excise duty, service tax and customs duty which has enabled itself to be the first choice of many taxpayers.

Peers
Company Name CMP
HDFC Bank 740.00
ICICI Bank 1343.50
Axis Bank 1250.00
Kotak Mahindra Bank 415.00
Indusind Bank 958.00
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