Indian Bank achieves financial inclusion target

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Indian Bank achieves financial inclusion target

Public sector Indian Bank has ensured that every family in the Union Territory of Puducherry has a bank account.

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Public sector Indian Bank has ensured that every family in the Union Territory of Puducherry has a bank account.

The project has resulted in bringing 1.25 lakh new "no frill'' account holders into the banks' fold. Besides, the bank has provided overdraft facilities to 15,000 people. The project also involves providing health insurance coverage to 2.8-lakh members of self-help groups.

Indian Bank's Chairman and Managing Director, Dr K.C. Chakraborty, said, "All the families have been provided with a bank account. Only those families who did not want one are excluded."

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