Indian Bank

Indian Bank
Company typePublic
BSE532814
NSEINDIANB
IndustryBanking, Financial services
Founded15 August 1907; 117 years ago (1907-08-15)
FounderS. Rm. M. Ramaswami Chettiar
HeadquartersChennai, India
Number of locations
  • 5,847 Branches
  • 4,937 ATMs & BNAs
Key people
Shanti Lal Jain
(MD & CEO)
ProductsConsumer Banking
Corporate Banking
Finance and Insurance
Mortgage Loans
Investment banking
Merchant banking
Private equity
Private banking
Savings
wealth management
Credit cards
RevenueIncrease 63,481 crore (US$7.6 billion) (2024)
Increase 16,840 crore (US$2.0 billion) (2024)
Increase 8,063 crore (US$970 million) (2024)
Total assetsIncrease 1,221,773 crore (US$150 billion) (2024)
OwnerGovernment of India (73.84%)
Number of employees
40,251(2024)
Subsidiaries1. Ind Bank Merchant Banking Services Limited
2. Ind Bank Housing Limited
Capital ratio16.44%
Rating
Websitewww.indianbank.in

Indian Bank is an Indian public sector bank, established in 1907 and headquartered in Chennai. It serves over 100 million customers with 40,187 employees, 5,847 branches with 4,937 ATMs and Cash deposit machines. Total business of the bank has touched 1,221,773 crore (US$150 billion) as of 31 March 2024.

The bank's information systems and security processes are certified to meet ISO27001:2013 standard. It has overseas branches in Colombo and Singapore including foreign currency banking units in Colombo and Jaffna. It has 227 overseas correspondent banks in 75 countries. Since 1969, the Government of India has owned the bank. As per the announcement made by the Indian Finance Minister Nirmala Sitharaman on 30 August 2019, Allahabad Bank merged on 1 April 2020, making Indian Bank the seventh largest bank in India.

  1. ^ "Bank Ratings - Investor Relations".