Indian Bank kicked off its second division in Jaffna, Sri Lanka.

At present, public sector lender possesses a division in Colombo in the island nation.

In addition, it also has an attendance in Singapore.

The Jaffna arm was launched by Indian High Commissioner to Central Bank of Sri Lanka Governor Ajith Nivard Cabraal, Indian Bank Chairman and Managing Director T M Bhasin and Sri Lanka Ashok K Kantha.

In a declaration, Mr. Bhasin stated, "The Governments of Sri Lanka and India have been making joint efforts for economic development of the Region. Indian Bank, with its 104 years of active market presence and considerable exposure in Rural Development and Micro Finance , shall strive hard to bring about a positive economic change in the life of the inhabitants of Jaffna."

The overall biz of the banking institution presently stood at Rs 1,75,000 crore and the Colombo division achieved a total biz worth Rs 553 crore during December last year.

At this time, the bank owns 1,822 arms in the country and 1,087 ATMs across the country.

It serves more than 23 million cleints.