 | |
| Company type | Public |
|---|---|
| BSE: 532814 NSE: INDIANB | |
| Industry | Banking, Financial services |
| Founded | 15 August 1907 |
| Founder | S. Rm. M. Ramaswami Chettiar |
| Headquarters | Chennai, India |
Number of locations |
|
Key people | Shanti Lal Jain (MD & CEO) |
| Products | Consumer Banking Corporate Banking Finance and Insurance Mortgage Loans Investment banking Merchant banking Private equity Private banking Savings wealth management Credit cards |
| Revenue |  ₹63,481 crore (US$7.6 billion) (2024) |
| ₹16,840 crore (US$2.0 billion) (2024) | |
| ₹8,063 crore (US$970 million) (2024) | |
| Total assets | ₹1,221,773 crore (US$150 billion) (2024) |
| Owner | Government of India (73.84%) |
Number of employees | 40,187 (2024) |
| Subsidiaries | 1. Ind Bank Merchant Banking Services Limited 2. Ind Bank Housing Limited |
| Capital ratio | 16.44% |
| Rating | |
| Website | www |
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.