August 15, 2026 10:38 pm (IST)
Follow us:
IDBI Bank inaugurates zonal office in Bhubaneswar
Bhubaneswar, Aug 12 (IBNS): IDBI Bank's Zonal Office was inaugurated on Tuesday in Bhubaneswar by its Chairman and Managing Director M.S. Raghavan.
The newly opened zonal office is in tune with the Bank’s strategy to provide further autonomy to understand the local needs and extend financial assistance to the region, the company said in a statement.
In addition to this, the zonal centres will also play a vital role in helping the Bank achieve its goal of expanding its retail loan and MSME loan portfolio in the state. IDBI Bank has set a target of doubling its home loans and MSME disbursals in the zone in the next three years and offers multiple products to cater to customers in these two segments.
For targeting housing finance customers, the Bank has introduced a takeover scheme wherein customers can shift their housing loans to IDBI Bank with no processing charges being levied on them.
Speaking on the occasion, M.S. Raghavan said, “The establishment of our zonal office complements and supplements the strengthening of our presence in the state. The Bank’s initiative today is a testament to our commitment to empower the zones to bring in unprecedented financial solutions to our customers.”
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
BSNL’s Independence Day gift: Re 1 Recharge, 412-Day Plan and 500 Free TV Channels. Check now
Sat, Aug 15 2026
Emami’s big snack bet: ₹750 crore investment, new WeMe brand targets ₹1,000 crore in 3-5 years
Sat, Aug 15 2026
HCG Q1 results: Cancer care major posts 190% jump in adjusted profit, revenue rises 13%
Fri, Aug 14 2026
Big relief for Zee Entertainment: SAT allows warrants issue, dividend access despite SEBI ban
Fri, Aug 14 2026
Olectra Greentech Q1 shocker: Revenue soars 66%, profit barely moves; shares crash 4%
Fri, Aug 14 2026
Red Friday on Dalal Street: Sensex plunges 300 points, Nifty slides amid geopolitical tensions
Fri, Aug 14 2026
Tata Motors shares jump 6% after Q1 profit soars 83% to ₹2,560 crore
Thu, Aug 13 2026
RVNL posts strong Q1 numbers, but shares fall sharply
Thu, Aug 13 2026