The complementary branch presence shall add to Indian Bank's network in the northern, central and eastern states and the 120 million-plus customers of both the banks
will benefit from a wider geographical reach, Chunduru said.
The integration offers the merged entity a host of revenue and cost synergies. The realisable revenue synergies arise from harmonised and wider product offering, optimisation of operations, increased opportunities for cross-selling, and technology spend optimisation, she added.
The increased lending capacity shall be utilised to serve Corporate and MSME clientele, Chunduru said. The large branch network and BC network of both lenders spread over the length and breadth of the country will ensure full coverage of priority sectors. Customers of both shall have access to a wider range of products and services.
Chunduru said HR policies and employee benefits had been harmonised and that all employees shall gain from this integration, both in terms of benefits and investments in their training for talent and skill building.
Commenting on the strategic operating model the bank has envisaged, she said that the focus would be on making the branches the business leads and Central Processing Centres would be the support structures.