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 Business of Amalgamated entity stood at Rs.857269 as on June 30, 2020.
Bank has pan India branch network with 6062 branches, 4816 ATMs & BNAs, 9109 BCs, Total touch points 19990.
Strong capital base: Total CRAR 13.27 % as on June 30, 2020 against Regulatory Requirement of 10.875%.
Bank earned a net profit of Rs.369 crore in Q 1 FY 21.
Book Value per share as on June 30, 2020 is Rs.245.23.
Government of India owns 88.06% of the shareholding.