Chennai: IDBI Bank has received the Best Public Sector Bank (PSB) award in “SME financing” from global business’ information provider Dun & Bradstreet (D&B). The award was presented to IDBI Bank at the ‘Dun & Bradstreet -Polaris Software Banking Awards 2010’ in Mumbai. The occasion also marked the launch of the fourth edition of D&B India’s study on India’s Top Banks 2010.                             

Speaking on the occasion; T R Bajalia, Executive Director & Heaci-SME Group at”‘ IDBI Bank, said. “IDBI Bank has devel­oped a special business model to serve SMEs in the country that has enabled the bank to develop a quality SME port­folio through a dedicated streamlined credit decision process.”

The base universe of the banks con­sidered for the awards were the top 64 scheduled commercial banks (SCBs) as covered in the publication. D&B India developed a proprietary quantitative model based on various parameters for identifying the top banks across the spectrum  Source:  The New Indian Express

BIIA Newsletter September II – 2010 Issue