THE DISBURSEMENT OF PLI FOR 15 DAYS IN FY 2020-21 BY INDIAN BANK ITSELF PROVES THAT THE SYNERGY IS POSITIVE !!!

"With effect from 1st April 2020, 

many PSU Banks completed the 

process of AMALGAMATION; 

Indian Bank and Allahabad Bank 
merged together to become the 
7th largest PSU Bank of India NATION.
In South India, particularly, in 

Jewel Loans, Indian Bank has 

a good market CONCENTRATION; 
so many rural branches of Allahabad 

Bank helped the Indian Bank to do 

rapid market PENETRATION. 

Merging of nearby branches 

became an administrative NECESSITY; 

as a merged entity, more focus was 

given to maintain a good asset QUALITY. 

The efficiency level of ATM centres of 

Indian Bank is good and the location of 

almost all its branches are having 

a business FEASIBILITY; 

in comparison to Indian Bank, the 

Allahabad Bank is having more branches 

in remote rural areas, more or less based 

on just cheaper premises rent AVAILABILITY. 

After the merger process, in terms of 

IT infrastructure, Indian Bank is 

becoming much more developed, 

upgraded and ORGANIZED; 

in this era of global competition, 

digital products of PSU banks have 

become very important, even the 

bank customers have also REALIZED. 

Keeping the soft copies of CASA accounts 

in 'CAPC' and loan documents in 'DAMC' 

respectively is really a good INITIATIVE; 

the disbursement of PLI for 15 days in 

FY 2020-21 by the Indian Bank itself proves 

that the synergy is POSITIVE."- Arindam Sain