Tuesday, March 30, 2010

Indian Bank launched Visa Business cards and ATM cards for RRBs

Indian Bank is offering Visa business cards to its corporate and SME clientele segments. Bank is offering the cards with an interest-free period of maximum 45 days and revolving credit on payment of minimum amount of 10 per cent of the outstanding.

Bank has also launched ATM cards for its sponsored regional rural banks (RRBs). The cards were launched by CK Ranganathan, director, Indian Bank, and chairman and managing director of Cavin Kare Ltd, in the presence of MS Sundara Rajan, chairman and managing director, Indian Bank.

The three RRBs of the bank are Saptagiri Grameena Bank (Chittoor, Andhra Pradesh); Pallavan Grama Bank (Salem, Tamil Nadu) and Puduvai Bharathiar Grama Bank (Puducherry) with a total number of 234 branches and over 1.3 million depositors.

Rajan informed all the three RRBs has achieved 100 per cent CBS, therefore Indian bank has launched the co-branded ATM cards. He said, “This will enable rural customers to avail of 24x7 services. Our RRB customers can transact in all the ATMs of Indian Bank.”

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