Indian Bank launched its KCC Digital Renewal scheme, enabling eligible customers to renew their Kisan Credit Card accounts via digital modes. The initiative is part of the bank’s digital transformation under project ‘WAVE’ – World of Advanced Virtual Experience. The account renewals can be done using Indian Bank’s IndOASIS mobile app and internet banking. Out of the total agriculture portfolio of Rs 88,100 crores, KCC constitutes Rs 22,300 crores with 15.84 lakh customers.
The bank expects the digital initiative to come in handy for customers and intend to enhance the threshold limit to cover more KCC account holders. In April this year, the bank had launched its first end-to-end digital product – Pre-Approved Personal Loan.
Important takeaways for all competitive exams:
- Indian Bank Founded: 15 August 1907;
- Indian Bank Headquarters: Chennai;
- Indian Bank CEO: Shri Shanti Lal Jain;
- Indian Bank Tagline: Taking Banking Technology To The Common Man.