Have a wider pan-India presence after merger, says Indian Bank MD & CEO

Loan restructuring requests coming in a trickle, says Padmaja Chunduru

With effect from April 1, 2020, Allahabad Bank was amalgamated with the Chennai-based Indian Bank. Padmaja Chundru, managing director and CEO, Indian Bank spoke to T E Narasimhan on how the combined entity is looking at increasing the book to over Rs 11 lakh crore and enhancing profitability,

Q. It's been over five months, how is the amalgamation process going?

Treasury operations have been fully integrated. Harmonised Products, Interest rates and Service charges have been made available to the customers of the amalgamated entity. A Common Gateway Software (Co-Ex) is being used to provide interfaces to the two CBS systems