Tag: Indian Bank

Green-Tech Initiative “IB-eNote” launched by Indian Bank

• Indian Bank has launched a green initiative named “IB-eNote” to enable a total paperless working environment which enables the processing and tracking of notes put up by various offices digitally.

Indian Bank launches 3 new products for farmers and poultry workers.

• To support farmers and poultry workers during the COVID-19 outbreak, Indian Bank has launched the following 3 new products.
•  IND COVID emergency Agro-processing Loan: Agro-processing units can avail 10% of the working capital
• IND Covid Emergency poultry loan scheme: Poultry sector can avail 20% of the working capital.
• IND KCC Covid Sahaya Loan: Farmers having Kisan Credit card facility can avail 10% of the limit as soft loan.
• SHG Covid Sahaya Loan:   Women members of Self Help Groups can avail loan of Rs. 5000 each repayable in easy instalments.

Indian Bank introduces tailor made credit products

Indian Bank has launched two tailor-made credit products for the well-being of the textile sector. The products are Corporate Loan and Ind Surya Shakti/ Indian Bank Solar

Indian Bank signs MoU with Women Entrepreneurs Welfare Association

The Indian bank has signed a Memorandum of Understanding(MoU) with Women Entrepreneurs Welfare Association (WEWA) of Tamil Nadu(TN) to provide training and credit linkage to its women entrepreneurs to establish business.

The Indian bank will provide loans to the WEWA members at discounted rates. Training will be given to the WEWA members in the INDSETIs (Indian Bank Self Employment Training Institutes).