IDBI Bank Becomes the First Primary Dealer in the Country to Facilitate Transaction on the Recently Launched Web-based NDS Auction

Mumbai, June 28, 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.