Indian Bank, public sector lender has launched account portability feature to its customers. This facility will retain the same account number even if customer changes the branch and it will also enable the customer to have the freedom of operating his or her account from any of the branches.
Customers of the bank can approach his home branch or the transferee branch with the request letter for transfer of account. Home branch having the customer’s account certifies - know your customer (KYC) documents while transferring the account to another branch. It has got the account portability feature in-built in core banking software, for transfer of the deposit accounts from one branch to another branch.
The bank‘s net profit for the quarter has moderately rose by 7.05% at Rs 525.93 crore as compared to Rs 491.29 crore for the December quarter of the previous fiscal. The bank’s total income has increased by 32.75% at Rs 3,505.26 crore for the quarter under review from Rs 2,640.58 crore for the December quarter of the previous fiscal.
Company Name | CMP |
---|---|
SBI | 812.50 |
Bank Of Baroda | 240.30 |
Canara Bank | 99.65 |
PNB | 100.70 |
Union Bank Of India | 116.60 |
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