Indian Bank has launched Visa business cards for corporate and SME clientele segments. It also launched ATM cards for its sponsored regional rural banks.
CK Ranganathan, director, Indian Bank, and chairman and managing director of Cavin Kare Ltd, launched the cards in the presence of MS Sundara Rajan, chairman and managing director, Indian Bank.
Indian Bank-sponsored three RRBs 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 said after achieving 100 per cent CBS for all the three RRBs, the bank was launching the co-branded ATM cards. “This will enable rural customers to avail of 24x7 services. Our RRB customers can transact in all the ATMs of Indian Bank,” he said
The Visa business cards offer an interest-free period of maximum 45 days and revolving credit on payment of minimum amount of 10 per cent of the outstanding.