United Western Bank And IDBI Bank

I have opened an account in the IDBI bank and heard about United Western Bank (UWB) merger with IDBI bank searching for details. Will you provide merger details of United Western Bank And IDBI Bank also provide list of Internet banking facilities which is offered by bank?

United Western Bank (UWB) was an Indian bank founded in 1840 that IDBI Bank acquired in 2006 in a rescue.

The amalgamation of UWB with IDBI is likely to add value to the latter over the long term.

The merger is likely to help IDBI expand its retail presence, though its size may not increase substantially.

Of the several benefits the deal brings, we believe access to the branch network is most significant. IDBI, with a balance-sheet size of Rs. 81,700 crore, has a network of 181 branches now.

The merger would give IDBI immediate access to the 230-branch network of UWB, thereby widening its deposit franchise.

IDBI Bank Internet banking Features-

Account Information-
Account balance
Account related enquiries and status
Transaction tracking and history
Loan Installments and funds flow details
Statements
Cheque status

Contact:

Registered Office:
IDBI Bank Ltd.
IDBI Tower, WTC Complex,
Cuffe Parade, Colaba, Mumbai 400005.

Swift: IBKLINBB

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Answered By StudyChaCha Member