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Declaration of 100 percent Core Banking Solution (CBS)in Indian Bank and launching of Banking Service Centre at Melapoongudi, Sivagangai, Tamil Nadu on 22.03.2008

 

Hon'ble Union Minister of Finance Shri. P. Chidambaram declared 100% CBS Implementation in Indian Bank. Hon'ble Minister for Hindu Religious and Charitable Endowments, Govt. of Tamilnadu Shri. K.R. Periakaruppan, Indian Bank's Chairman and Managing Director Shri. M S Sundara Rajan and Executive Director Shri. A. Subramanian were present on this historic occasion


 
 

Hon'ble Union Minister of Finance Shri. P. Chidambaram launching Indian Bank's First Banking Service Centre at Melapoongudi


 
 

Hon'ble Union Minister address the gathering at Melapoongudi

 
 

Shri. M S Sundara Rajan, Chairman and Managing Director address the gathering on the occasion.


 

Declaration of 100% CBS Implementation in Indian Bank
and
Launching of Banking Service Centre at Melapoongudi Village

Hon'ble Union Minister of Finance Shri. P. Chidambaram declared 100% CBS (Core Banking Solution) Implementation in Indian Bank on 22.03.2008 in a function held at Melapoongudi Village, Okkur Branch, Madurai Circle in Tamilnadu. The Bank's 1523 branches have been brought under CBS. This achievement has been made within a short span of 3 years and 3 months. Hon'ble Minister for Hindu Religious and Charitable Endowments, Govt. of Tamilnadu Shri. K.R. Periakaruppan, Indian Bank's Chairman and Managing Director Shri. M S Sundara Rajan and Executive Director Shri. A. Subramanian were present on this historic occasion.

On this occasion, the Banking Service Centre (BSC) at Melapoongudi village attached to our Okkur Branch in Madurai Circle was inaugurated by Hon'ble Union Minister of Finance. This centre will render financial and non-financial services to the rural masses and help increasing outreach under Financial Inclusion. The centre facilitates online Banking transactions, using internet facility. Reserve Bank of India has accorded permission for opening such 20 such centres in various parts of the country, including the one at Melapoongudi village.

Hon'ble Union Minister of Finance commended the Bank for this unique endeavour under financial inclusion.



Last Updated March 26, 2008


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