IDBI Bank Adopts a Village in Ladakh: MoU Entered with Tata Institute of Social Sciences

      As part of its commitment towards Corporate Social Responsibility (CSR) initiatives, IDBI Bank has entered into a Memorandum of Understanding (MoU) with Tata Institute of Social Sciences (TISS) for undertaking developmental activities in the Ladakh Region, including adoption of a village and developing it as a model village, and other capacity building initiatives for the people of Ladakh region through economic empowerment and improvement of basic services like Healthcare, Education, Sanitation, Drinking Water, etc.

The MoU was executed at Leh, Ladakh by Shri B. K. Batra, DMD, IDBI Bank and Shri T. Jayaraman, Professor, TISS in presence of Shri Rigzin Spalbar, Chief Executive Councilor, Ladakh Autonomous Hill Development Council (LAHDC). The above initiative is driven by the Vision that undertaking such developmental activities, besides providing immediate relief, also have positive spin offs for inclusive banking.

            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 991 branches and 1587 ATMs. The Bank has an aggregate balance sheet size of Rs. 2,71,899 Crore and total business of Rs 3,59,527 Crore as on June 30, 2012. IDBI Bank's operations during the Quarter ended June 30, 2012 resulted in a net profit of Rs.427 Crore.