Indian Bank unveils new services under digital transformation initiative

03 Jul 2023 Evaluate

Indian Bank has unveiled new services under its digital transformation initiative ‘Project WAVE’. Accordingly, the bank in collaboration with National E-Governance Services has introduced an electronic bank guarantee (e-BG) service to ease traditional paper-based processes. This move will also reduce the turn-around time of the bank guarantee issuance and delivery to the beneficiary from an industry average of 3-4 working days to a few minutes. 

Besides, the facility would replace the need for physical stamp paper and physical signatures of customers by replacing them with digital stamping and e-signing making the entire process digital. Indian Bank has launched a facility to avail pre-approved business loans, an end-to-end digital journey, for eligible individuals and proprietor firms to cater to their respective businesses.

Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.


Indian Bank Share Price

475.85 -16.00 (-3.25%)
13-Jan-2025 16:59 View Price Chart
Peers
Company Name CMP
SBI 729.60
Bank Of Baroda 217.35
Canara Bank 88.50
PNB 95.40
Union Bank Of India 101.20
View more..
© 2025 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.