History

A BRIEF HISTORY OF THE BANK SINCE ITS INCEPTION

• Bank was incorporated on March 5, 1907 with an Authorized Capital of Rs.20 lakh and commenced its business on August 15, 1907.

• Bank celebrated its Silver Jubilee.
• Bank opened its first overseas operation in Colombo in 1932.
• Bank opened its Singapore branch in 1941.

• Bank’s Head Office housed in a rental building, moved into the new building.

• Indian Bank’s logo was approved in July 1978 comprising of three circling arrows arranged around a central point.

• Indian Bank was the first Public Sector Bank to install ATM at Harbour.

• The centenary year celebration of the Bank was inaugurated by His Excellency the president of India Shri APJ Abdul Kalam on 4^th September.

• Bank went in for Intial Public Offer in February, 2007.

• Bank’s business crossed the Rs.1 Lakh crore mark in March 2008.

• Inauguration of new Hi-Tech Corporate Office at Royapettah which is considered a landmark in Chennai.

• Pandyan Grama Bank amalgamated with Bank’s Pallavan Grama Bank.
• Government of India announced Amalgamation of Allahabad Bank, a bank with 155 years legacy into Indian Bank.

• In terms of the Scheme of Amalgamation notified by the Government of India, Allahabad Bank was amalgamated into Indian Bank with effect from 1^st April 2020.

• Bank’s Global Business surpassed Rs. 10 Lakh Cr.