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Indian Bank Launched Initiatives Under “Project WAVE”

Published on October 29, 2022
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.
Indian Bank Launched Initiatives Under “Project WAVE”
  • 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.

Question:

Q.1 “Project WAVE” is an initiative of?
a. PNB
b. SBI
c. Indian Bank
d. ICICI
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