MUMBAI, July 13: Public sector lender, IDBI Bank has launched Inflation Indexed Bonds, through the newly revamped IDBI Samriddhi Portal.
This is a good opportunity to Retail investors to invest in Inflation Indexed Bonds (IIBs) through IDBI Bank Portal.
While launching this facility yesterday, Mr H R Khan, Deputy Governor, Reserve Bank of India appreciated the efforts of IDBI Bank in taking such a path-breaking initiative to facilitate retail/mid-segment investors in G-Sec, particularly in the newly launched IIBs by leveraging user friendly technologies.
He particularly lauded the Bank’s efforts to harness the power of ubiquitous mobile phones for the purpose.
He also mentioned about the measures taken by the Reserve Bank of India to expand the base of retail/mid-segment investors in government bond market. Shri Khan also stressed on the positive features of IIBs which had potential to wean small investors towards financial savings.
M S Raghavan, CMD, IDBI Bank said that the Bank is committed to the various initiatives of the Government and RBI.
The Bank has always been at the forefront of financial innovation and leveraging Technology to deliver superior customer service, he added.
(UNI)
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