Mumbai, October 11, 2021: As part of Bank’s outreach programme, Shri. S.L. Jain, MD&CEO, Indian Bank visited bank’s Kalsi Nagar Branch, Ludhiana on October 7, 2021 and flagged off the event. Coinciding the launch with the auspicious first day of Navaratri, which is observed with great reverence to the divine power, especially in north India, this programme is dedicated to customers and making their access to banking services easier.
Ministry of Finance, Govt. of India has designed this program for the common man and among others, it covers sanctioning of loans under various categories viz. MSME, Retail. Agriculture, MUDRA and PM Svanidhi. Shri. S L Jain MD&CEO, handed over sanction letters to many customers, hailing from the sectors of MSME, Hosiery, Auto Traders, Car Dealers and Small Entrepreneurs, along with Mudra beneficiaries. He further emphasized the importance of digital banking channels like UPI, Mobile Banking, Internet Banking and BHIM, particularly in the present COVID scenario, and urged all to adopt it.
Shri. Ashok Patnaik, Field General Manager, Indian Bank, Chandigarh also graced the occasion and assured customers of quality banking facilities that stays true to the ethos of the bank – aapka apna bank, har kadam aapke saath.
Shri. Joginder Sandhu, Zonal Manager Ludhiana welcomed all the customers and guests, and assured MD & CEO that all steps shall be taken by the field functionaries to take Bank’s schemes to people.
Shri. Daya Shankar, Assistant General Manager & Branch Manager of Kalsi Nagar, Ludhiana thanked all the esteemed customers present on this occasion. Further, he thanked MD & CEO for having chosen Kalsi Nagar branch to launch this important all-India Customer Outreach Programme.
The program was conducted successfully under the guidance of Shri. R.K. Joshi, DGM, FGMO Chandigarh.
About Indian Bank:
Established in 1907, Indian Bank is a premier Public Sector Bank with a dominant Pan-India presence. Government of India owns 88.06% of the shareholding. It is the First Public Sector Bank to install ATM at Harbour, Madras in 1989. The Bank has vast branch network with 6004 branches, 5428 ATMs & BNAs, 9095 BCs, overseas branches in Colombo and Singapore in addition to over 225 overseas correspondent banks.
Government of India had announced the Amalgamation of Allahabad Bank – a bank with 155 years legacy – into Indian Bank in 2019. Indian Bank commenced its operation as an amalgamated entity from 1st April 2020. The integration of CBS systems of both the Banks was completed on 14th February 2021. Indian Bank has constantly thrived to adapt latest technology and modify their techniques.
Apart from various initiatives undertaken by Indian Bank, one of the out-of-the-box initiative was launch of MSME Prerana – an Online Business Mentoring Programme for MSME entrepreneurs launched by Smt. Nirmala Sitharaman, Minister of Finance, Govt. of India on 6th October, 2020. It is a Pan-India Programme in vernacular languages (in all states / UTs), presently running in UP and Tamil Nadu. To strengthen this initiative, Indian Bank also launched Ind Spring Board, financing for Start-ups and entered into MOU with IIT Madras – Incubation Cell, IISc Bangalore and M/s. The Chennai Angels for identifying the eligible Start-ups for bank finance.
Over the years, Indian Bank has set new benchmarks in providing efficient banking services to its different client groups and has also emerged as a front– runner in delivering excellent customer service.