IDBI is doing all it can to help people buy houses and build startups

To provide easy loans to purchase houses and start small businesses, IDBI Bank has decided to launch e-huts, which will help people from rural areas to come forward and join mainstream businesses.

"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 Tuesday in a press meet in Goa.

The bank would extend its support to medium and small enterprises in the state for which the lending has increased by 48%.

Rego inaugurated two more branches in the state situated in Candolim and Chinchim.

The new branches are in line with the bank's strategy to strengthen its home and Micro, Small and Medium Enterprises (MSME) loan portfolio in the state, Rego told PTI.

He further said IDBI has recorded impressive growth in the region with 22% growth in current accounts and saving accounts (CASA) in Goa with the total deposits grew by 16% in the previous financial year.

He said the structured retail assets, which include home loans as the largest component, recorded a jump of 66% in Goa.

IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.

(Image: Indiatimes)