Indian Bank will focus more on high net worth individuals and non-resident Indians, Jain said. He believes these two segments have bigger chances to expand the money base for the bank. It has also been expanding the network of banking correspondents, who look after providing digital services to customers. Currently, the network of banking correspondents stands at 13,000 and the target is to grow the number to 15,000 by the next fiscal. "This is a cost-effective way where we are serving the customer through technology and also with the human touch," Jain said.
This story is from the December 25, 2024 edition of Financial Express Hyderabad.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 25, 2024 edition of Financial Express Hyderabad.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
A fresh take on gifting
FERNS & PETALS MUST OFFER A BIGGER BOUQUET
Bumrah set to miss league stage of Champions Trophy
IN A SETBACK for India, strike bowler Jasprit Bumrah is likely to miss the group stage of next month's Champions Trophy due to health reasons.
Devajit, Prabhtej elected BCCI secretary, treasurer
DEVAJIT SAIKIA, an advocate and a former wicket-keeper batsman from Assam, would succeed Jay Shah as the new secretary of the Indian cricket board (BCCI). He was elected unopposed—a poll was not contested as there were no contestants, electoral officer A K Joti stated in his declaration of results—to the seat left vacant after Shah assumed the office of the International Cricket Council chairman in December last year.
SpaDeX: Isro brings satellites within 3-metre in trial attempt
MOVING TO ATTEMPT docking in space, the Indian Space Research Organisation (Isro) brought two SpaDeX satellites as close as 3 metres to each other Sunday morning.
Anthem row intensifies in Tamil Nadu as Governor slams CM
A ROW BETWEEN TAMIL Nadu Governor R N Ravi and Chief Minister M K Stalin escalated on Sunday after Ravi accused the latter of \"arrogance,\" asserting that respect for the National Anthem and constitutional duties was non-negotiable.
IIT-K Steps In For Cyber Security At Maha Kumbh
WITH THE DIGITAL landscape changing considerably in the 12 years since Maha Kumbh was last held, the Uttar Pradesh government is anticipating a bigger threat this time from misinformation on social media and online frauds, and has roped in experts from IIT Kanpur to address these concerns.
We see early signs of revival, but challenges remain, says TCS CFO
TCS CFO highlights early signs of revival in the IT sector, but also notes that challenges persist. AI projects are showing promise, but returns are still early to quantify. Cost optimization remains a key focus for clients, alongside business transformation initiatives.
Jaishankar will be representing India at Trump's inaugural
EXTERNAL AFFAIRS MINISTER S Jaishankar will represent India at the January 20 inauguration of US President-elect Donald Trump.
Unreal is the new real
For the first time, a car ad film has been shot without a car
'We've gone all in on AI, putting it into our devices'
AT THE CONSUMER Electronics Show (CES) in Las Vegas, Dell announced a new lineup of AI-powered PCs, accompanied by a rebranding effort aimed at simplifying the brand and making it easier to distinguish between different offerings.
