Indian Bank to expand base in K'taka

Indian Bank Chairman and Managing Director T M Bhasin said  “We are generating a business of Rs 7,000 crore in Karnataka which we plan to step up to Rs 10,000 crore by March 31, 2011. We are also planning to woo the younger generation by opening five e-Indian Bank branches, which  will offer all the banking services on a 24*7 mode, without much of manual intervention,  one each in Bangalore, Chennai, Hyderabad, Mumbai and Delhi.”

The bank has launched a number of products last week like  web-based customer grievance redressal system, jewel loan for senior citizens where they can avail of a loan upto Rs 5 lakh within an hour, and combo loan which clubs housing, automobile and retail loans. Other products are a CD on IT products which will be distributed free to the bank’s customers and a new website where the customers can interact directly with the CMD.

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