Tuesday 18 December 2012

ABOUT INDIAN BANK






A premier bank owned by the Government of India
Established on 15th August 1907 as part of the Swadeshi movement
Serving the nation with a team of over 18782 dedicated staff
Total Business crossed Rs.2,11,988 Crores as on 31.03.2012
Operating Profit increased to Rs. 3,463.17 Crores as on 31.03.2012
Net Profit increased to Rs.1746.97 Crores as on 31.03.2012
Core Banking Solution(CBS) in all 2000 branches
    
International Presence
Overseas branches in Singapore , Colombo including a Foreign Currency Banking Unit at Colombo and Jaffna
240 Overseas Correspondent banks in 70 countries
   
Diversified banking activities - 3 Subsidiary companies
Indbank Merchant Banking Services Ltd
IndBank Housing Ltd.
IndFund Management Ltd
 
A front runner in specialised banking
97 Forex Authorised branches inclusive of 1 Specialised Overseas Branch at Chennai exclusively for handling forex transactions arising out of Export, Import, Remittances and Non Resident Indian business
73 Special SME Branches extending finance exclusively to SSI units
Established MSME CPUs at 9 key centers at Chennai, Mumbai, Kolkata, New Delhi, Ahmedabad, Bangalore, Pune, Coimbatore and Kancheepuram .
MoU entered with National Small Industries Corporation (NSIC ) to focus on MSME Segment
 
Leadership in Rural Development
Under Financial Inclusion Plan, Indian Bank has been allotted with 1523 villages with population above 2000 ,all the 1523 villages have been provided with banking services as on 30thSeptember 2012 as below:
   * 1425 villages through Smart card based Business Correspondent (BC) Model
   * 53 villages through Brick and mortar branches /Banking Service Centres (BSCs)
   * 45 villages through Mobile Branch/Van
Pioneer in introducing Self Help Groups and Financial Inclusion Project in the country
Award winner for Excellence in Agricultural Lending from Honourable Union Minister for Finance
Best Performer Award for Micro-Finance activities in Tamil Nadu and Union Territory of Puducherry from NABARD
Established 45 specialized exclusive Microfinance branches called "Microsate" across the country to cater the needs of Urban poor through SHG (Self Help Group)/JLG (Joint Liability Group) concepts
A special window for Micro finance viz., Micro Credit Kendras are functioning in 44 Rural/Semi Urban branches
Harnessing ICT (Information and Communication Technology) for Rural Development and Inclusive Banking
Provision of technical assistance and project reports in Agriculture to entrepreneurs through Agricultural Consultancy & Technical Services (ACTS)
   
A pioneer in introducing the latest technology in Banking
100% Core Banking Solution(CBS) Branches
100% Business Computerisation
1295 Automated Teller Machines(ATM)
24 x 7 Service through more than 99242 ATMs under shared network
Internet and Tele Banking services to all Core Banking customers
e-payment facility for Corporate customers
Cash Management Services
Depository Services
Reuter Screen, Telerate, Reuter Monitors, Dealing System provided at Overseas Branch, Chennai
I B Credit Card Launched
I B Gold Coin
I B Prepaid Cards Launched (GIFT Card, International Travel Card)
   
  RTGS & NEFT REMITTANCE FACILITIES NOW AVAILABLE AT ALL CBS BRANCHES
   
Strategic alliance with HDFC Standard Life Insurance Company
  Indian Bank has entered into a strategic tie-up with HDFC Standard Life Insurance Company Ltd. Click for details.

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