 "Indian Bank Q4 profit down by 59 %")
Post government's demonetisation decision, Chennai-based Indian Bank met the payment needs of customers in 2.11 crore transactions with a total amount of Rs 10,986 crore. Also, 1.17 crore transactions accepting deposits of Rs 29,115 crore were done till December 16.
These were done by around 20,000 employees serving in 2,581 branches.
MD & CEO of Indian Bank, M K Jain, said re-calibration of about 99 per cent of the CAPEX ATMs and 70 per cent of OPEX ATMs in the Bank has been completed in relatively quick span of time. Post-demonetisation, Indian Bank’s ATMs across the country dispensed about Rs 1130 crore in 59.57 lakh transactions.
For bringing in workers in the unorganised sector into the banking ambit, the bank conducted 4,973 special camps in which about 96,000 accounts were opened.
