Indian Bank expands digital offerings under ‘Project WAVE’ initiative

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.

Indian banks' GNPAs decline to 5% in Sept: RBI

'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.

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