Indian Bank Launched Initiatives Under “Project WAVE”

Current Context: In a bid to enhance the customer experience through integrated services, the Indian Bank launched various digital initiatives under “Project WAVE” on its digital platform.

A total of six initiatives were launched by the MD and CEO of Indian Bank, SL Jain, along with the MD & CEO of Universal Sompo General Insurance Co., Sharad Mathur.
Indian Bank in collaboration with Universal Sompo General Insurance will provide online vehicle and health insurance via its mobile banking application IndOASIS.
It would enable the customers to digitally buy general insurance products, hence promoting insurance inclusion in India.
Indian Bank has also partnered with Rupeek Capital Pvt. Ltd. to offer gold loans at customers’ doorsteps.
Indian Bank is a public-sector bank that was established in 1907 with its headquarters in Chennai, Tamil Nadu. The current CEO of the bank is Shanti Lal Jain.