Page 36 - Banking Finance April 2016

PRESS RELEASE
IDBI Bank launches India's first of its kind "Government Securities
(G-Sec) Investment Facility through ATM for Retail Investors"
Shri Ninad Karpe, Director, IDBI Bank Ltd., inaugurating the
nation's first of its kind "G-Sec Investment Facility through ATM
for Retail Investors" on March 15, 2016, at the IDBI Bank's ATM
at Corporate Centre, Mumbai. Shri Kishor Kharat, MD & CEO,
Shri B. K. Batra, DMD, other Directors and senior officers of the
Bank were present on the occasion.
Shri Ninad Karpe, Director, IDBI Bank Ltd., inaugurated the
nation's first of its kind "G-Sec Investment Facility through
HDFC Bank launches SmartUp for start-ups
HDFC Bank Ltd. has
launched SmartUp, a
first-of-its-kind
dedicated solution
for start-ups, to fulfill
all their banking
needs. SmartUp was
launched in associa-
tion with Zone Start-
ups India, a start-up accelerator in Mumbai. SmartUp is
tailored to meet all the requirements of a start-up, offering
banking and payment solutions, along with advisory and
forex services.
This initiative is part of a larger effort by HDFC Bank to
create an ecosystem to nurture the spirit of innovation and
enterprise in the start-up space. Zone Startups India is
collaboration between BSE Institute (a subsidiary of the
Bombay Stock Exchange), Ryerson University's accelerator
Digital Media Zone, Ryerson Futures Inc., Simon Fraser
University.
36 | 2016 | APRIL
ATM for Retail Investors" on March 15, 2016, at the IDBI
Bank's ATM at Corporate Centre, Mumbai. Shri Kishor
Kharat, MD & CEO, Shri B. K. Batra, DMD, other Directors
and senior officers of the Bank were present on the
occasion.
This facility is unique and first of its kind initiative of the
Bank to provide easy access to retail investors to invest in
Government Securities. This furthers the Bank's contribution
to promote and popularize retail participation in
Government Securities in line with the Government of India
and RBI's efforts towards broad basing and expanding retail
holding of Government Securities in the country. The process
of transacting in GSec through the ATM is very simple,
convenient, transparent and cost effective.
The facility of investing in G-Sec through ATM is an
extension of Bank's Samriddhi G-Sec Portal to enable retail
investors to transact in Government Securities.
The retail customers of the Bank can register, one time,
for this facility and invest in G-Sec through any of the Bank's
ATMs.
The benefits of SmartUp include:
 Enhanced transaction limit with no minimum balance
requirement for first six months,
 Customized Salary Account offering coupled with best-
in class services and largest suite of product range,
 PayZapp for Business - for providing invoicing, delivery
and collection solutions and secure money transfer,
 Dedicated Relationship Manager for taking care of all
banking needs as well as investment advisory,
 Recommendation of a Chartered Accountant for Tax,
Regulatory and Compliance issues,
 End to end support for all foreign trade and remittances
services with respect to regulatory guidelines and
special exchange rates,
 Opportunity to showcase products on SmartBuy to over
32 million HDFC Bank customers.
| BANKING FINANCE