Indian Bank was incorporated on March 05, 1907 and nationalized in 1969.
First Public Sector Bank to install ATM at Harbour in 1989.
Went Public through Initial Public Offer (IPO) in February 2007.
Amalgamation of Allahabad Bank into Indian Bank became effective from April 01, 2020.
Total branches 5787 , ATMs & BNAs 4929 , Business Correspondents 10750.
Strong capital base: Total CRAR : 16.49% as on March 31, 2023 against Regulatory Requirement of 10.875%.
Net Profit of the Bank as on March 31, 2023 is Rs.5281.7 Crore.
Book Value per share as on March 31, 2023 - Rs.300.55.
Total business of the bank as on March 31, 2023 - Rs.1094752 Crore.
Government of India owns 79.85% of the shareholding.