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Indian Bank integrates core banking software of erstwhile Allahabad Bank

16 Feb 2021 Evaluate

Indian Bank has successfully integrated the software system with the erstwhile Allahabad Bank post the amalgamation. The bank has successfully completed process of technical migration of CBS/ITMS software of erstwhile Allahabad Bank with CBS/ITMS software of Indian Bank. The scheme of amalgamation of Allahabad Bank into Indian Bank came into force from April 1, 2020.

Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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