Indian Bank expands digital offerings under 'Project WAVE' initiative 
Latest News

Indian Bank expands digital offerings under ‘Project WAVE’ initiative

Indian Bank has stepped up its offerings on its digital transformation initiative 'Project WAVE' with the launch of Kisan Credit Card loans to farmers

PSU Watch Bureau

Chennai: Public sector Indian Bank has stepped up its offerings on its digital transformation initiative 'Project WAVE' with the launch of Kisan Credit Card loans to farmers, said the bank on Saturday. The city-headquartered bank has rolled out online facility to avail Kisan Credit Card loans upto Rs 1.60 lakh and renew agri-jewel loan upto Rs four lakh with a re-pledging system.

Bank partnered with Maruti Suzuki

The bank in a statement said that it has partnered with auto major Maruti Suzuki India Ltd to provide digital auto financing lead generation to customers.

Customers applying for foreign remittances can do so through the dedicated portal 'IND Trade NXT'. "The inward foreign remittances will be credited directly into accounts on same day on uploading required documents by the customer," said the bank.

'A digital product information booklet was also launched to benefit customers'

Indian Bank Managing Director and CEO Shanti Lal Jain said that the products and services launched augment the bank's vision of taking all its offerings, currently available on physical mode to digital mode. A digital product information booklet was also launched to benefit customers, it said.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Critical minerals seen as 'future pillar' of Australia-India partnership: Trade official

Nand Kumarum (IAS) gets tenure extension as MD & CEO of Digital India Corporation

NTPC Q2 net profit grows 3% to Rs 5,225 crore

Nasscom, UIDAI partner to empower DeepTech startups in digital identity innovation

MoUs worth over Rs 12 lakh crore signed at India Maritime Week: Sonowal