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.)

RBI proposes easing business authorisation norms for urban cooperative banks

Coal India to touch 1-BT coal production by FY27: Reddy

Govt to set up advanced mechanical & material testing facility in Tamil Nadu

Scindia tasks BSNL to grow mobile service business by 50% next year

DoT issues Rs 7,800-crore demand notice to Tata Communications over AGR dues