Indian Bank OCC Account

Hi buddy here I have come to get info about on Indian Bank OCC Account, so would you plz let me know about the same here ,as my brother asking for it ???

Indian Bank is an Indian state-owned financial services company established in 1907 and headquartered in Chennai, India.

As you asking I am telling Bank OCC account meaning Bank Open Cash Credit. It is loan account offered by banking institutions against security like stock or Raw materials , Finished Goods and Receivable Like Debtors and collateral like Land,Building,Plant & Machinery etc.

Bank profile:
Type Public
Traded as BSE: 532814
NSE: INDIANB
Industry Banking, Financial services
Founded 15 August 1907; 110 years ago
Headquarters Chennai, India
Key people kishore kumar kharat
(MD & CEO)
M K Bhattacharya & A S Rajeev
Executive Directors
Products Consumer Banking
Corporate Banking
Finance and Insurance
Mortgage Loans
Investment Banking
Merchant Banking
Private Equity
Private Banking
Savings
wealth management
Credit Cards
Revenue 16,243.78 crore (US$2.5 billion) (2016)
Operating income 3,032 crore (US$470 million) (2016)
Net income 711.38 crore (US$110 million) (2016)
Total assets 203,941.09 crore (US$32 billion) (2016)
Owner Government of India
Number of employees 20,924 (2017)
Capital ratio 13.20%

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Answered By StudyChaCha Member