IDBI Bank has decided to be an active participant of the 'Swachh Bharat Mission' to support building of gender segregated toilets in the schools near Bank’s branches in rural and semi-urban area as part of CSR initiative for an estimated amount of Rs 90 million.

The initiative will be undertaken in around 300 schools mainly near Bank’s rural branches along with a few branches near our semi- urban areas.

M S Raghavan, chairman and managing director, IDBI Bank, said, "Swachh Bharat Mission" launched by the Government of India is an extremely important National Mission towards improving health and sanitation facilities of the people. This will also be an integral part of the efforts for spread of education among our rural populace, particularly encourage girls to take up school education.  This, being an important component of economic development, IDBI Bank is proud to be part of this farsighted initiative. True to our DNA, we will continue to partner Government of India in such endeavors."

Shares of the company declined Rs 0.8, or 1%, to trade at Rs 78.95. The total volume of shares traded was 193,150 at the BSE (1.36 p.m., Wednesday).