Indian Bank opened a wholly owned subsidiary that will offer comprehensive outsourcing solutions for various banking operations, Indbank Global Support Services Ltd. (IGSS) CEO-designate Kanhaiyalal Agarwal said.
IGSS would initially focus on sourcing and collection-support activities. Later it will cover processing activities, contact centre services and technology, said the bank in a statement.
“We are confident that IGSS will play a crucial role in augmenting our operational capabilities and contributing to the continued growth and success of Indian Bank,” said MD & CEO S.L. Jain after inaugurating the registered office of IGSS in Chennai.
