Indian Bank

Indian Bank, established in 1907 and headquartered in Chennai, is a state-owned financial institution in India. It operates over two thousand branches across the country, providing a diverse range of banking products and services. The bank offers various types of loans, including agricultural, personal home, vehicle, plot, pension, and educational loans. In addition to traditional banking services, Indian Bank facilitates internet banking, ATM services, mobile banking, phone banking, and the issuance of credit, debit, and prepaid cards. The bank also engages in wealth management services and has expanded its operations to international locations, including Singapore and Sri Lanka. The governance of Indian Bank is overseen by a board of directors.

Shiv Bajrang Singh

Executive Director

5 past transactions

National Asset Reconstruction Company

Corporate Round in 2022
NARCL has been incorporated under the Companies Act and has applied to Reserve Bank of India for license as an Asset Reconstruction Company (ARC). NARCL has been set up by banks to aggregate and consolidate stressed assets for their subsequent resolution. PSBs will maintain51% ownership inNARCL. NARCL is intended to resolve stressed loan assets above ₹500 crore each amounting to about ₹ 2 lakh crore. In phase I, fully provisioned assets of about Rs. 90,000 crores are expected to be transferred to NARCL, while the remaining assets with lower provisionswould be transferred in phase II

Allahabad Bank

Acquisition in 2021
Allahabad Bank, established in 1865, was a commercial bank headquartered in Kolkata, India, and recognized as the oldest joint stock bank in the country. The bank provided a wide range of banking products and services, both domestically and internationally, operating through four main segments: Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Business. Its offerings included various deposit products such as savings and current accounts, fixed deposits, and recurring deposits. The bank also provided an array of loan products, including housing, car, education, and small business loans, along with specialized loans for professionals and agricultural financing. In addition, Allahabad Bank offered cash management services, international banking, and various card products, along with online and mobile banking solutions. Prior to its acquisition by Indian Bank in March 2020, the bank maintained approximately 3,229 branches in India and one branch in Hong Kong, along with 836 ATMs, serving a diverse clientele.

Shriram Housing Finance

Debt Financing in 2019
Shriram Housing Finance Limited is a housing finance company based in India and a subsidiary of Shriram City Union Finance Limited, which is part of the Shriram Group. Established in December 2011 and headquartered in Mumbai, the company provides a range of financial products including home loans, loans for residential plots, home improvement and extension loans, top-up loans, and loans against residential and commercial properties. Additionally, it offers construction finance services. As of March 31, 2020, Shriram Housing Finance operated a network of 65 branches across India and employed over 800 personnel, demonstrating its commitment to expanding access to housing finance in the country.

FixNix

Debt Financing in 2014
FixNix is a developer of a risk orchestration platform designed to automate complex information security workflows for its clients. The platform facilitates risk surveys and risk mapping, which streamline processes related to audit, risk management, policy enforcement, incident response, and asset management. By enabling organizations to automate these tasks, FixNix helps clients effectively manage and prioritize compliance issues, ultimately enhancing their overall information security posture.
Financial Information Network & Operations Pvt. Ltd. provides technology and operational solutions to financial institutions. It designs and implements technology solutions, such as systems, services, and networks. The company offers Tijori, a biometric smart card based no frills saving account product designed for the banks/ micro finance institutions (MFIs) in the microfinance space; Saral, a loan management system; Parichay, which provides a foolproof and an easy-to-use means to establish an individual's identity; Sayana-Ravi, a credit scoring solution for banks and MFIs; Plus, an deposit management solution, which combines reach, services, delivery channel, and processing platform; and MITRA that covers operational tasks and mobile commerce transactions. It also provides business correspondent and banking ASP services. The company serves banking, micro finance, insurance, and government enterprises, as well as consultants. Financial Information Network & Operations Pvt., Ltd. was founded in 2006 and is based in Mumbai, India.
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