Financial Daily from THE HINDU group of publications
Thursday, Dec 16, 2004
Financial Daily from THE HINDU group of publications Thursday, Dec 16, 2004 |
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Money & Banking
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Private Banks IDBI Bank in pact with Coal Mines Provident Fund Our Bureau
Mr A.R. Sinha (left), Head, PSU finance (Pan India) & Head, Corporate Banking (North India), IDBI Bank, and Mr Rajesh Kumar, Commissioner, Coal Mines Provident Fund, at a meet in Mumbai on Wednesday. — Shashi Ashiwal
Mumbai , Dec. 15 IDBI Bank announced a tie-up with Coal Mines Provident Fund (CMPF) here today. Through this tie-up, the bank plans to disburse pensions and provident fund payments to 1,25,000 miners all over the country. "With the help of IDBI Bank's online networking of branches across the country and its high-end technology, coal miners will have access to their pensions and provident funds without any hassle. "We believe in keeping up to our social responsibilities and our association with CMPF is a step in that direction," said a press release quoting Mr A.R. Sinha, Head, PSU finance (Pan India) & Head, Corporate Banking (North India), IDBI Bank.
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