Indian Bank

Indian Bank | Your Own Bank :: Financial services company | Your Own Bank

Indian Bank is a prominent public sector bank in India, established on August 15, 1907, by S. Rm. M. Ramaswami Chettiar. The bank is headquartered in Chennai, Tamil Nadu¹².

Key Details:

• Branches and ATMs: Indian Bank has a vast network of 5,847 branches and 4,937 ATMs across the country¹.
• Employees: The bank employs around 40,187 people¹.
• Financials: As of March 31, 2024, the bank’s total business reached ₹1,221,773 crore (approximately $150 billion)¹.
• Ownership: The Government of India holds a 73.84% stake in the bank¹.
• Overseas Presence: Indian Bank has branches in Colombo and Singapore, along with foreign currency banking units in Colombo and Jaffna¹.
• Subsidiaries: The bank has subsidiaries like Ind Bank Merchant Banking Services Limited and Ind Bank Housing Limited¹.

Services Offered:

• Consumer Banking: Savings accounts, fixed deposits, loans, and more.
• Corporate Banking: Services tailored for businesses.
• Investment Banking: Advisory and capital raising services.
• Insurance: Various insurance products.
• Wealth Management: Financial planning and investment services.

Recent Developments:

• Merger: In 2020, Indian Bank merged with Allahabad Bank, making it the seventh-largest bank in India¹.
• Technology: The bank’s information systems and security processes are certified to meet the ISO27001:2013 standard¹.