Indian Bank launches ‘IB SAATHI’
Indian Bank launches ‘IB SAATHI’ initiative for the public sector
- Indian Bank launches ‘IB SAATHI’ initiative for the public sector.
- The initiative aims to create an integrated financial ecosystem through business correspondents.
- ‘IB SAATHI’ stands for “IB Sustainable Access and Aligning Technology for Holistic Inclusion.”
- The initiative simplifies service delivery for all financial sector stakeholders, offering basic and value-added services.
- Indian Bank’s Managing Director and CEO, S L Jain, launched the initiative.
- Basic banking services will be provided for at least four hours per day at fixed branches.
- Banking Correspondents will extend services directly to customers’ doorsteps.
- By March 2024, Indian Bank plans to deploy approximately 5,000 banking correspondents to enhance reach and accessibility