Indian Bank
Indian Bank is an Indian public sector bank, established in 1907 and headquartered in Chennai. It serves over 100 million customers with 41,645 employees, 5,814 branches with 4,929 ATMs and Cash deposit machines. Total business of the bank has touched ₹1,094,752 crore (US$140 billion) as onfMarch 231, 023.
| Company type | Public |
|---|---|
Traded as | 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 | ₹52,085 crore (US$6.5 billion) (2023) |
| ₹15,271 crore (US$1.9 billion) (2023) | |
Net income | ₹5,282 crore (US$660 million) (2023) |
| Total assets | ₹710,500.73 crore (US$89 billion) (2023) |
| Owner | Government of India (79.86%) |
Number of employees | 41,645 (2023) |
| Subsidiaries | 1. Ind Bank Merchant Banking Services Limited 2. Ind Bank Housing Limited |
| Capital ratio | 16.49% |
| Website | www |
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, 2019, Allahabad Bank merged on April 1, 2020, making Indian Bank the seventh largest bank in the country.