As
part of its commitment towards
Corporate Social Responsibility (CSR) initiatives and going beyond immediate
business objectives, IDBI Bank has, during May 2012, extended relief in the
form of financial assistance of Rs.10.22 lakh to four drought affected villages
allotted to the Bank under financial inclusion, in the districts of Satara,
Sangli and Solapur in Maharashtra . The relief is in the form of providing
drinking water and fodder for animals for a period of one month in the four
villages facing severe shortage of drinking water and fodder for animals. Under the relief, IDBI Bank has already
started extending assistance for fodder for animals in two villages viz.
Warkute and Jhashi in Satara district.
Supply of drinking water through tankers to the Phadtari village in
Solapur district with IDBI Bank’s aid has already begun. Further, IDBI Bank has decided to share 50
percent of the contribution of all the villagers in Bamni village in Sangli
district towards obtaining fodder for animals. IDBI Bank aims to strengthen its
bond with the villagers by such community development steps, which are not limited
only to extension of financial products and services to the villagers.
About IDBI Bank
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 979 branches and 1575 ATMs. The
Bank has an aggregate balance sheet size of Rs. 2,90,837 crore and total
business of Rs 3,91,651 crore as on financial year ending March 31, 2012. IDBI
Bank's operations during the financial year ending March 31, 2012 resulted in a
net profit of Rs.2,032 Crore.
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