IDBI opens branch at SAS Nagar

Mukerjee said that the bank was in the process of setting up off-site ATMs in key areas of various cities in the country. It was also exploring the possibility of launching Smart Card which would make cashless transactions a reality. Additionally the bank was on the verge of launching internet banking to introduce interactive banking facility which would give the corporate sector to access their accounts through internet.

About the performance of Chandigarh branch, A.K.Minocha, branch manager of Chandigarh told that the branch had done a business of about Rs 200 crore within less than two years of functioning. He said that the branch was considering to launch a unique value added service under which electricity bills of customers could be paid by the bank and funds transferred to the electricity board.