Indian Bank MD says plan to enter life insurance, MF businesses on track; soon to seek board nod

Indian Bank's MD Binod Kumar says life insurance and asset management plans are progressing as planned.

The bank will soon approach the board for approval, following which other regulatory processes will be initiated.

Identifying a suitable partner is crucial for the venture, which can help accelerate wealth creation and branding.

Indian Bank plans to open a representative office in Dubai to leverage business opportunities in the region.