Thomson Reuters Business Description
Indian Bank is an India-based banking company. The Bank’s business segments are Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking operations. Its geographical segments are Domestic and International. Personal loans offered by the Bank include mainly home loans, vehicle loans, salary loans, education loans, rent encash, Ind mortgage, reverse mortgage and loan against financial securities. It also offers wealth management services. The various deposit products offered include demand deposits, savings bank deposits and term deposits. The Bank has Corporate Agency tie up agreement with United India Insurance Co. Ltd. (UIICO) for non life insurance business and with HDFC Standard Life insurance Co for life insurance business. As of March 31, 2011, the Bank operated 1,860 domestic branches, and 1,128 automated teller machines (ATMs), including 322 offsite ATMs. The Bank has three foreign branches in Colombo and Singapore.
