Money & Banking

Indian Bank opens branch in Jaffna

R K Radhakrishnan Colombo | Updated on January 23, 2011 Published on January 23, 2011

Indian Bank opened its second branch in Sri Lanka today.

The bank, present in Colombo since November 1947, now has three international branches – Singapore , Colombo and Jaffna .

Speaking on the occasion, the bank Chairman and MD, Mr T.M. Bhasin, said that after the cessation of hostilities, the Governments of Sri Lanka and India have been making joint efforts for economic development of the region. Indian Bank with its 104 years of active market presence and considerable exposure in Rural Development and Micro Finance, shall strive hard to bring about a positive economic change in the life of the inhabitants of Jaffna .

Mr Bhasin said that Indian Bank has pioneered Self Help Groups and Financial Inclusion Projects in India and proved that SHG Linkage is a worthy tool to replicate in the rest of the country and other geographies including Jaffna also.

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Published on January 23, 2011
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