Mumbai: Rakesh Sharma, MD & CEO of IDBI Bank inaugurated the IDBI Bank Forex Fest in the presence of Suresh Khatanhar, Deputy Managing Director, Ashok Gautam, Executive Director & Head –Treasury and other officials of the Bank.
The Forex Fest is aimed at making IDBI Bank one-stop-shop for exporters/importers, by offering a bouquet of Forex and Trade services.
Speaking on the occasion, Rakesh Sharma appreciated that Treasury had organised Forex Fest in a unique way, whereby the information about Forex products and services was being disseminated to staff from Corporate verticals, MSME, Trade Finance and Branches. He emphasised that with up to date knowledge about Forex, Treasury and TF products, IDBI Bank staff would be able to meet all the import, export and hedging requirements of its customers. He implored upon the staff to increase Trade and Forex flows so that it also increases the non interest income of the Bank.
Suresh Khatanhar added that recently Bank had inaugurated its Centralised Trade Processing Centre at Mumbai. He spoke about the value being brought to the customers through ITCA Trade accounts and emphasised that with focus on Trade and Forex IDBI Bank would be able to serve the Treasury and Transaction Banking needs of the customers. He also advised to replicate the said event across all potential centres and demonstrate the products to exporter/importer community offering them value added seamless service.
Ashok Gautam mentioned that the objective of Forex Fest was to increase awareness about the Forex products and services in a fun learning way. The Forex Fest showcased various Forex and Trade products offered to importers and exporters and aimed at increasing the awareness about the same among the customers and staff. A large number of staff from Corporate Centre of the IDBI Bank, its Zonal and Regional Offices in Mumbai and Branches participated in the Forex Fest.