OREANDA-NEWS. July 03, 2012. The recently launched RBI's Web-based NDS Auction module facilitates internet based access to Gilt Account Holders (GAH) to directly participate in Primary Auctions of Gilts, conducted by RBI from time to time. IDBI Bank has become the first Primary Member in the country to enable one of its Gilt Account Holders to participate in the Primary Auction through the Web-based Negotiated Dealing System (NDS) Auction module. The module enables all GAHs to bid for Government Securities and T-Bills.

IDBI Bank is the youngest new generation public sector universal bank that rides on a cutting edge core banking Information Technology platform. This enables the Bank to offer personalized banking and financial solutions to its clients through its 980 branches and 1580 ATMs. The Bank has an aggregate balance sheet size of Rs. 2,90,837 crore and total business of Rs 3,91,651 crore as on financial year ending March 31, 2012. IDBI Bank's operations during the financial year ending March 31, 2012 resulted in a net profit of Rs.2,032 Crore.