IDBI to launch e-huts across India

IDBI Bank has decided to roll out e-huts to connect with the rural populace, a senior bank official said.

“We will be launching e-huts across the country. It’s a concept that is widely accepted in the West, but in India, it’s yet to pick up,” IDBI’s Deputy Managing Director M O Rego said.

He said e-huts will be located at a relatively populated place.

“The bank has currently introduced e-lobbies which are next to the branches. The e-hut concept will be completely unmanned units… to help the customer understand technology,” Rego said.

The top official was addressing a press meet in Goa after inaugurating two more branches in the state, taking the total to eight.

The branches were opened in Candolim and Chinchim.

Rego said the newly opened branches are in line with the bank’s strategy to strengthen its home and MSME loan portfolio in the state.

“IDBI has registered impressive growth in the region with 22 per cent growth in current accounts and saving accounts (CASA) in Goa. The total deposits in the state grew 16 per cent in the previous financial year,” he said.

The structured retail assets, which include home loans as the largest component, saw a jump of 66 per cent in the state, Rego said.

The bank has also been extending support to medium and small enterprises in the region, and the lending to this segment rose 48 per cent, he added.