Indian Bank unveils Visa business card for SMEs

By siliconindia   |   Monday, March 29, 2010   |    1 Comments
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Chennai: Public sector Indian Bank has launched Visa Business Card for corporates and small and medium enterprises. The Visa Business Cards will carry all the benefits associated with global cards, including insurance benefits free of cost and are priced competitively. The cards offer an interest free period of a maximum of 45 days and revolving credit on payment of minimum amount of 10 percent of the outstanding. The Chennai-headquartered bank also launched ATM Cards for its sponsored Regional Rural Banks (RRBs) for the benefit of the rural customers. Commenting on the new initiative, Indian Bank Chairman and Managing Director Sundara Rajan said, "After achieving 100 percent CBS for all the three RRBs, the Bank is now launching the Co-branded ATM cards. This will enable rural customers to avail of 24x7 services." Indian Bank ventured into credit card business in January 2006 and at present offers three variants of credit cards in personal segment - Global Gold and Classic Card and Bharat Card.
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