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Source: The Hindu BusinessLine

The Hindu BusinessLine
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Banking Sector
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1 min
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17 Aug
Published
Banking Sector
1 min read· The Hindu BusinessLine

Indian Bank marks 120th Foundation Day, opens 15 branches

Indian Bank marked its 120th Foundation Day with community support programmes and branch expansion. It also introduced digital products as part of the celebrations.

The occasion coincided with celebrations marking India’s 80th Independence Day and brought together the bank’s leadership, employees and their families nationwide. Managing Director and CEO Binod Kumar spoke about Indian Bank’s contribution to economic development over more than a century and reaffirmed its support for the Viksit Bharat vision.

Healthcare assistance formed a key part of the bank’s corporate social responsibility activities. Chennai-based CanCare Foundation received two-wheelers to support palliative care services for people with cancer. Beneficiaries associated with Akshaya Trust received hearing aids and artificial limbs, extending the programme’s reach to people needing assistive support.

The bank also gave an electric bike to a woman who had won bronze in para powerlifting at the national level. The assistance was aimed at improving her mobility and helping her prepare for future competitions.

Alongside these initiatives, Kumar remotely opened 15 branches in different parts of the country. The bank introduced several digital offerings intended to simplify banking and improve speed for customers. Their names, features and availability have not been stated in the report.

Executive Directors Mini T.M., Ashutosh Choudhury and Shiv Bajrang Singh attended the event. The celebrations combined recognition of the institution’s history with its stated emphasis on wider access to banking and inclusive development.

Source: The Hindu BusinessLine