Current Affairs

IDFC launches its banking services in Goa

IDFC Bank on Thursday announces launch of services in Goa, opening its first branch in the city.
Addressing a press conference here, Amit Kumar, Head – Personal Banking, IDFC Bank, said, “Our objective is to offer top-of-the line banking services to all customer segments – ranging from salaried individuals to merchants and small businesses, as well as the populace in rural locations. We have used technology to make banking easy, create wider reach and anytime access.

Our digital offering is embedded with a human element to ensure service at its best. We are delighted to be part of the neighbourhood in Goa and look forward to engaging more deeply with the community in the outskirts through our interoperable MicroATMs.”

While online banking had been available earlier, with the start of the branch in Goa, customers could now experience the opening of a fully-operational savings account in just four minutes, using Aadhaar-based biometric authentication, he said, adding the bank would roll out its full suite of products, ranging from savings and current accounts to retail loans and wealth management services.

IDFC Bank’s branch at Panaji was inaugurated in the presence of dignitaries including Sidharth Kuncalienker, Chairman of EDC Ltd, former member of Goa Legislative Assembly and representative of Panjim constituency, Brahmanand Sankhwalkar, former captain of the Indian football team, Sandip Bhandare, President of the Goa Chamber of Commerce and Industry and Ashutosh Kharangate, Founder & Managing Director of Mangal Analytics and Research Consulting Pvt Ltd.

The launch of services in Goa and expansion across the country was part of the Bank’s stated intent to build a retail franchise for the masses, with a specific focus on the financially excluded and underserved segments.

Savio Rodrigues

Savio Rodrigues Founder & Editor-in-Chief

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