Indian Bank

Indian Bank is a major Indian commercial banking group with head office located in Chennai (Madras), India. It is one of the big public sector banks of India. It has overseas branches in Colombo, Sri Lanka, Singapore, and 229 correspondent banks in 69 countries. Commenced operations in Singapore on 23rd July 1941. Indian Bank in Singapore's operations are focus on Trade Financing and Retail Banking, and Indian Rupee Remittances in particular, supporting India's trade with Singapore and other countries in the Asia-Pacific region or addressing the financial needs of the global Indian community.

As a Full Banks in Singapore, Indian Bank may provide the whole range of commercial banking business approved under the Banking Act. Indian Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and it is market leaders in remittances to India and providing investment advisory services for NRIs.

Besides commercial banking, which includes deposit taking, the provision of cheque services and lending, Indian Bank may also carry on any other business which is regulated or authorized by MAS, including financial advisory services, insurance broking and capital market services.

Commercial banks in Singapore are licensed under and governed by the Banking Act. They may undertake universal banking. Besides commercial banking, which includes deposit taking, the provision of cheque services and lending, the banks may also carry on any other business which is regulated or authorised by MAS, including financial advisory services, insurance broking and capital market services.