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Bank’s Profile

Bank’s Profile

A premier Public Sector, Government of India Undertaking

  • Established on 15th August 1907 as part of the Swadeshi movement
  • Pan India presence with 9786 touch points comprising 2872 domestic branches, 3892 ATMs/BNAs and 3022 BCs.
  • Serving the Nation with a team of over 19600 dedicated staff as on 31.03.2019
  • Total Business touched Rs.4,29,972 Crore as on 31.03.2019
  • Operating Profit : Rs.4880.62 Crore and Net Profit Rs.321.95 Crore for the year ended 31.03.2019
  • All the Branches are under Core Banking Solution
  • Information Systems & Security processes certified with ISO27001:2013 standard and is amongst very few Banks certified worldwide.

International Presence

  • Overseas branches in Singapore , Colombo (including a Foreign Currency Banking Unit at Colombo and Jaffna)
  • 227 Overseas Correspondent banks in 75 countries

Diversified Banking Activities -2 Subsidiary Companies

A front runner in specialised banking

  • 99 Forex Authorised branches inclusive of a Specialised Overseas Branch at Chennai exclusively for handling forex transactions arising out of Export, Import, Remittances and Non Resident Indian business
  • 76 Specialised SME Branches and 18 Ind MSME Branches extending finance exclusively to SSI units
  • MoU entered with National Small Industries Corporation (NSIC) to focus on MSME Segment .
  • TReds (Trade Receivables Discounting ) – Enlisted with 3 Platforms viz., RXIL, INVOICEMART & M1XCHANGE

Leadership in Rural Development

  • Under Financial Inclusion Plan, Bank has been allotted 2975 Sub Service Areas (SSAs) under Pradhan Mantri Jan-Dhan Yojana (PMJDY). All the 2975 SSAs are provided with banking services by the Bank. Of these, 2517 SSAs are provided with banking services through Bank Mitrs (Business Correspondents) and 458 SSAs through Brick and Mortar branches already functioning in the SSAs.
  • Pioneer in introducing Self Help Groups and Financial Inclusion Project in the country
  • National Award for Best Performance in SHG Bank Linkages 2017 – 18 Public Sector Banks (Small Category) from Deendayal Antodaya Yojana – National Rural Livelihoods Mission (DAY – NRLM), Ministry of Rural Development, Government of India
  • Makers of Excellence Leadership Award from PFRDA to MD & CEO  for exemplary performance under APY during 2017-18
  • NABARD Award for Financial Literacy: Under Financial Literacy initiatives, Bank has eleven Financial Literacy Centres operating in Tamil Nadu.1924 awareness camps were conducted and 1.90 lakhs people benefitted so far under various literacy programmes on priority sector lending, other Bank deposit products, social security schemes and Digitalization
  • Established 39 specialized exclusive Microfinance branches called “Microsate” across the country to cater the needs of Urban poor through SHG (Self Help Group)/JLG (Joint Liability Group) concepts
  • Harnessing ICT (Information and Communication Technology) for Rural Development and Inclusive Banking
  • Pioneer in introducing Self Help Groups and Financial Inclusion Project in the country

Social Security Schemes:

  • Enrolled 10 lakh customers under PMJJBY & 22 lakh customers under PMSBY since the launch of the scheme.
  • Sourced more than 5.8 lakh Atal Pension Yojana subscribers since the launch of the scheme.

Awards and Accolades:

  • ASSOCHAM Awards for Agricultural Banking, Priority Sector Lending in categories other than Agriculture & Best Social Bank
  • MSME Banking Excellence Awards – Best MSME Bank Winner (Emerging Category)
  • MSME Banking Excellence Awards- Echo-Technology savvy Bank –Runner Up (Emerging Category)
  • ‘Best Performing PSB’ under Atal Pension Yojana for the FY 2017-18.
  • ‘NPCI Payments Excellence Award 2017’ for NACH Operations under Mid-sized Banks category
  • “Rajbhasha Kirti Puraskar” for the effective implementation of Official Language(Hindi) in the Bank for the year 2017-18
  • IBA’s Banking Technology 2019 award for Best Financial Inclusion Initiatives.
  • Best Performance – Financial Literacy by NABARD in the State of Tamil Nadu
  • Award for Excellence in Performance among PSBs under SHG Bank Linkage Programme in Tamil Nadu  2017-18
  • Golden Peacock National Training Award (GPNTA) for the Year 2018.
  • Best Public Sector Bank – Banking Excellence Award 2018 by State Form of Banker’s Clubs Kerala

A pioneer in introducing the latest technology in Banking

  • 100% Core Banking Solution(CBS) Branches
  • 24 x 7 Service through more than 2,36,835 ATMs under shared network
  • Internet and Tele Banking services to all Core Banking customers
  • e-payment facility for Corporate customers
  • Cash Management Services
  • Depository Services
  • Reuter Screen, Telerate, Reuter Monitors, Dealing System provided at Treasury Branch, Mumbai
  • I B Credit Card Launched
  • I B Prepaid Cards Launched (GIFT Card, International Travel Card)
  • Aadhar Enabled Payment System (AEPS) through Business Correspondents.
  • Passbook Kiosk at 481 locations.
  • Rupay Debit card payments enabled through Business Correspondents.
  • Customised design image card and Green pin for debit cards.
  • Green pin for debit cards and introduction of Rupay platinum card.
  • Launching of new products like statement of account through e-mail and M-Passbook facility  to view the latest 50 transactions.
  • Strategic tie-up entered into with LIC of India for sale of Life Insurance Products and with United India Insurance Company Ltd., for sale of Non-Life Insurance Products Click for details.
  • Strategic tie-up entered into for Group Credit Life coverage – M/s Kotak Life Insurance Company for home loan insurance and M/s PNB Metlife insurance for education loan borrowers

Distribution Tie up for sale of Mutual Fund products with:

  • UTI AMC: UTI Mutual Fund Products
  • Reliance Capital AMC: Reliance MF Products
  • SBI Funds Management Private Ltd.,
  • DSP Black Rock Mutual Fund Products
  • TATA Mutual Fund Products

( Last modified on Aug 07, 2019 at 12:08:59 PM )