INDIAN BANK HANDS OUT HOME LOANS AT CREDAI FAIRPRO 2023, CHENNAI

Chennai, 22nd February 2023: Indian Bank partnered with CREDAI, Chennai for CREDAI FAIRPRO-2023, a Property Exhibition that brought many reputed sellers and interested buyers under one roof and showcased its competitive product portfolio under home loans category. Held at Chennai Trade Center, the 3-days long event opened on 17.02.2023, where Hon’ble Chief Minister of Tamilnadu, Shri. M K Stalin, unveiled the TN Real Estate Vision 2030 on 18.02.2023.The grand Indian Bank stall was inaugurated by Shri. Imran Amin Siddiqui, Executive Director, Indian Bank in the presence of Shri. G Rajeswara Reddy, Field General Manager, Indian Bank, Chennai and other Senior Officials of the Bank. The Bank issued In- Principle Home Loan Sanctions to over 200 customers.

About Indian Bank
Established in 1907, Indian Bank is a premier Public Sector Bank with a dominant Pan-India presence. The 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 a vast branch network with 6004 branches, 5428 ATMs & BNAs, and overseas branches in Colombo and Singapore in addition to over 225 overseas correspondent banks. The government of India had announced the Amalgamation of Allahabad Bank – a bank with 155 years of legacy – into Indian Bank in 2019. Indian Bank commenced its operation as an amalgamated entity on 1st April 2020. The integration of CBS systems of both the Banks was completed on 14th February 2021. Indian Bank has constantly thrived to adopt the latest technology and modify its techniques. Apart from various initiatives undertaken by Indian Bank, one of the out-of-the-box initiatives was the launch of MSME Prerana – an Online Business Mentoring PAN India Programme for MSME entrepreneurs. To strengthen this initiative, Indian Bank also launched ‘Ind Spring Board’, financing for Start-ups and entered MOU with IIT Madras. 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 frontrunner in delivering excellent customer service.

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