IDBI Bank launches online portal for buying CDs
Moneylife Digital Team 06 August 2012

IDBI Samriddhi CD portal offers investors an facility to easily purchase certificate of deposits issued by the Bank 

 
Mumbai: State-run IDBI Bank said it launched a new portal, a kind of first in India for certificate of deposit (CD). The portal IDBI Samriddhi CD was launched by Anand Sinha, deputy governor of the Reserve Bank of India (RBI) in Mumbai. This portal offers investors an facility to easily purchase CDs issued by IDBI Bank. 
 
Mr Sinha while commending the initiative said that technology provides great opportunities for increasing transparency, enhancing efficiency and also in reaching out to a wider investor base.  He suggested that banks need to fully leverage on the potential of technology. 
 
RM Malla, chairman and managing director, IDBI Bank stated that the Bank is committed to bring technology and transparency in the markets by offering products that are available to the entire investor community. 
 
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