IND NAVYA- April 2020
- Allahabad Bank officially amalgamated into Indian Bank wef 01.04.2020
Indian Bank extended welcome to the customers of Allahabad Bank and together became the 7th largest Public Sector Bank in the country wef 01.04.2020. We now have 6062 branches and 4816 ATMs/BNA and a customer base of over 120 million.
- New loan products for meeting emergency needs during COVID19 outbreak
To meet the finance needs of customers during the COVID19 outbreak, Indian Bank launched 5 emergency loan products:
Ind MSME covid emergency loan
Ind covid emergency credit line
SHG covid sahaya loan
Ind covid salary loan
Ind covid emergency pension loan
- Relaxation on all term loans
As per RBI COVID-19 package, moratorium of 3 months on payment of EMI/instalments /interest falling due between 01.03.2020 and 31.05.2020 in your loan account is permitted and dues are payable from 01.06.2020.
- IB Mobile ATM service, during COVID-19 crisis
To assist the public during the COVID-19 crisis, Indian Bank Mobile ATM services were initiated in Chennai. In the picture, one is getting was inaugurated at Chennai by Shri Krishnan, Finance Secretary, Govt of Tamil Nadu in the presence of Ms. Padmaja Chunduru, MD & CEO, Indian Bank.
- CSR Activity during Covid-19 crisis
Indian Bank undertook many activities to support the state administration and police who were committed to fight the COVID 19 crisis. In the picture, Zonal Office (Hyderabad) supplied chairs and umbrella and masks to Hyderabad Police.
( Last modified on Apr 17, 2020 at 05:04:27 PM )