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Indian Bank

Indian Bank

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Published by Praneela

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Published by: Praneela on Nov 10, 2009
Copyright:Attribution Non-commercial

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08/28/2014

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INDIAN BANK 
 THE PROJECT IS PRESENTED BY:PRANEELA PATILROLL NO. 31S.Y.B.COM WITH BANKING & INSURANCEUNIVERSAL BANKING
 
INTRODUCTION
A premier bank owned by the government of India wasestablished on 15
th
August 1907 as the part of swadeshimovement.
It serves the nation with a team of 22000 dedicated staff.
The bank has 88 Forex Authorized branches inclusive of 3Specialized Overseas Branches.
It has launched several innovative loan products like ArtisanCard, Kisan Card, Kisan Bike Scheme, and Yuva Kisan VidyaNidhi Yojana to meet diverse credit needs of farmers. 
 
HISTORY
The Bank was incorporated on March 5, 1907 under the Indian Companies Act, 1882 as Indian BankLimited.
In 1969, the Bank was nationalized along with 13other banks.
The Bank commenced business as Indian BankLimited at Madras.
Indian Bank is engaged in diversified bankingactivities and has 3 subsidiary companies tolook after them.

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