Indian Bank, the 7th largest public sector bank, partnered with Fisdom, a digital wealth management company to offer its customers comprehensive wealth management products and services.
- Under the partnership, wealth products and services will be distributed through Indian Bank’s network of 6,000 branches and its digital properties including the mobile banking application and internet banking portal.
- Fisdom will provide solutions across investments, savings and protection.
Phases of partnership:
i.In the first phase of the partnership, Indian Bank customers are enabled to invest in essential financial products viz, mutual funds(MF) of choice, and the National Pension System through Indian Bank’s IndOASIS mobile banking application and its internet banking portal.
ii.The customers could transact in investment schemes and track MF performance in real-time. They can also view all details about funds, enabling them to make well-informed investment decisions.
iii.In the upcoming phases, the bank plans to introduce products with more features for enhancing user experience to expand the offering suite.
Recent Related News:
Indian Bank signed a Memorandum of Understanding(MoU) with Bharat Sanchar Nigam Limited(BSNL) to provide telecom services to the bank at a competitive rate.
About Indian Bank:
Establishment – 1907
MD & CEO – Padmaja Chunduru
Headquarters– Chennai, Tamil Nadu
Tagline – Your Own Bank
Headquarters – Bengaluru, Karnataka
Co-founder & CEO – Subramanya SV