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The Foundation Stone for the Indian
Bank’s new Head Office building at Royapettah, Chennai was
laid today by Hon’ble Union Finance Minister Shri P.Chidambaram.
The Bank is presently headquartered at 66, Rajaji Salai, Chennai-1.
The new building at Royapettah will be constructed on its
own 36.4 grounds of land, with all modern amenities and a
built up area of 189000 sq.ft. (Basement, Ground & 3 Floors).
Shri M S Sundara Rajan, Chairman & Managing Director in his
welcome address thanked the FM and the Govt. of India for
standing by the Bank and said that the Bank accorded the highest
priority for offering value added customer services.
The Hon’ble Finance Minister lauded the Bank for providing
the best of banking services to diverse segments of the society.
The CMD also presented to the Finance Minister a Dividend
Cheque for Rs.35,00,00,000/- (Rupees Thirty Five crores) on
Preferential Shares and a cheque for Rs.137,52,80,000/- (Rupees
One hundred and thirty seven crores fifty two lakhs and eighty
thousands only) towards Dividend on Equity shares held by
Govt. of India. Shri A.Subramanian, Executive Director proposed
the Vote of Thanks.
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