IDBI Bank, the public sector lender is reportedly planning to open an overseas branch in Singapore and a representative office in Shanghai. However, a final decision is yet to be taken by the authorities. Further, the bank is also planning to open 12 new branches in Gujarat. The bank is aiming to double its home loans and MSME disbursal portfolios to Rs 2,000 crore each in Gujarat over the next two years.
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 1,111 branches and 1821 ATMs.
