Bank’s Profile
Bank’s Profile
A BRIEF HISTORY OF THE BANK SINCE ITS INCORPORATION
| 1907 | · Bank was incorporated on March 5, 1907 with an Authorized Capital of Rs 20 lakhs and commenced its business on August 15, 1907.
· In the year 1907, the Indian Bank Ltd. had the tree ‘Banyan’ as a part of its emblem denoting an all-around progress, growth (far and wide) and an ever-increasing prosperity. |
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| 1921 | · Bank’s capital was raised to Rs 60 lakhs from Rs 20 lakhs. | |
| 1932 | · Bank celebrated its Silver Jubilee.
· Bank opened its first overseas operations in Colombo. |
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| 1941 | · Singapore branch was opened. | |
| 1957 | · Bank celebrated its Golden Jubilee. | |
| 1967 | · Bank celebrated its Diamond Jubilee. | |
| 1978 | · Bank’s logo comprising of three circling arrows arranged around a central point was approved. | |
| 1982 | · Bank celebrated its Platinum Jubilee. | |
| 1990 | · Bank of Thanjavur Ltd. (BoT) with 157 branches was amalgamated with the Bank. | |
| 2006 | · The centenary year celebration was inaugurated by His Excellency the President of India Shri. A P J Abdul Kalam on 4th September. | |
| 2007 | · Bank went in for Initial Public Offer in February 2007. | |
| 2008 | · Achieved 100 per cent Core Banking Solutions (CBS) compliant. | |
| 2019 |
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| 2020 | · Bank commenced its operation as an amalgamated entity from 1st April 2020. The integration of CBS systems of both the Banks was completed on 14.02.2021. | |
| 2022 | · Bank’s Global Business surpassed Rs 10 lakh Crores. | |
| 2023 | · Bank’s Global Business was at Rs 10.95 lakh Crores. | |
| 2024 | · Bank’s Global Business surpassed ₹12 lakh Crore | |
| 2025 |
· Bank’s Global Business stood at ₹13.25 lakh Crore | |
| (Q1FY26) |
· Bank’s Global Business stood at ₹13.45 lakh Crore |
Branch Network and other touch points as on 30.06.2025
Domestic branches: 5909 (Including 3 DBUs) Overseas branches: 3 & IBU: 1
ATMs & BNAs: 5466 Business Correspondents: 15080
Bank’s Performance as on 30.06.2025
Assets and Liabilities
- Total Deposits increased by 9.26% YoY and reached to ₹744289 Cr in Jun’25 as against ₹681183 Cr in Jun’24.
- Domestic CASA ratio stood at 38.97% as on 30thJun’25.
- Gross Advances increased by 11.50% YoY to ₹601147 Cr in Jun’25 from ₹539123 Cr in Jun’24.
- RAM (Retail, Agriculture & MSME) advances grew by 15.93% YoY to ₹363221 Cr in Jun’25 from ₹313301 Cr in Jun’24.
- RAM contribution to gross domestic advances increased to 65.34%. Retail, Agri & MSME advances grew by 16.56%, 16.40% and 14.45% YoY respectively. Home Loan (including mortgage) grew by 10.65% YoY.
- Priority sector advances as a percentage of ANBC stood at 44.73% at ₹211203 Cr in Jun’25 as against the regulatory requirement of 40%.
Capital Adequacy
- Capital Adequacy Ratio stood at 17.80%. CET-I at 15.26% and Tier I Capital stood at 15.74% in Jun’25.
Asset Quality
- GNPA decreased by 76 bps YoY to 3.01% in Jun’25 from 3.77% in Jun’24, NNPA reduced by 21 bps to 0.18% in Jun’25 from 0.39% in Jun’24.
- Provision Coverage Ratio (PCR, including TWO) improved by 154 bps YoY to 98.20% in Jun’25 from 96.66% in Jun’24.
Operating Profit and Net Profit (Quarter ended Jun’25 over Jun’24)
- Net Profit up by 23.69% YoY at ₹2973 Cr in Jun’25 from ₹2403 Cr in Jun’24.
- Operating Profit improved by 5.97% YoY to ₹4770 Cr in Jun’25 from ₹4502 Cr in Jun’24.
- Net Interest Income increased by 2.93% YoY to ₹6359 Cr in Jun’25 from ₹6178 Cr in Jun’24.
- Return on Assets (RoA) up by 14 bps to 1.34% in Jun’25 from 1.20% in Jun’24.
- Return on Equity (RoE) increased by 50 bps to 20.26% in Jun’25 from 19.76% in Jun’24.
Digital Banking
- Business of ₹57,955 Cr has been generated through Digital Channels in Q1FY26. A total of 132 Digital Journeys, Utilities and Processes have been launched so far.
- The number of Mobile Banking users has grown by 15% year over year, reaching 2.02 Cr.
- UPI users and Net Banking users have witnessed an increase of 23% & 6% YoY reaching 2.29 Cr and 1.16 Cr respectively. The debit card & credit card users increased by 4% and 19% respectively.
Financial Inclusion
- During Q1 FY26, total disbursement under SHG is ₹3531 Cr.
- The outstanding under SHG increased to ₹21895 Cr from ₹19492 Cr registering YoY growth of 12%. Bank assisted 5.05 lakh SHG/JLGs with 59 lakh women members under SHG/JLG scheme.
- In Atal Pension Yojana (APY), during Q1FY26 Bank added 1.53 lakhs fresh enrolments with Average Account Per Branch (AAPB) of 26 against proportionate target of 25 as of 30.06.2025.
Awards & Accolades
- Indian Bank was the winner in the Overall Data Quality Recognition category at the EASE 7.0 Awards, part of the Enhanced Access and Service Excellence initiative by the Ministry of Finance.
- Indian Bank secured 3rd position in the Digital Payments Awards 2023-24, presented by the Ministry of Finance, for outstanding performance in Digital Payments (PSB). The Bank also received award for merchant onboarding in difficult geographies and remote areas (PSBs) under Special Mention.
- The Bank received prestigious SKOCH Award for “Project WAVE”, an Indian Bank’s digital transformation journey and for “SMA Collection Proclivity Predictor”- a model built to predict the probability of default for Special Mention Accounts (SMA) and reduce risks by outlining a targeted collection journey.
- The Bank was honoured with the “Best Public Sector Bank” award in the organizational category and the MD & CEO of the Bank received “CEO of the Year” award at Tamil Nadu Leadership Awards 2024.
Our Focus
- The Bank is committed to drive digital innovation, strengthen financial inclusion and enhance customer experience. With a robust capital base and improved asset quality, we are well-positioned to support inclusive economic growth. Our focus remains on empowering MSMEs, farmers and underserved communities through accessible and technology-enabled banking solutions.
( Last modified on Jul 24, 2025 at 07:07:30 PM )
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