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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 Domestic branches 5835, Overseas branches 4, ATMs & BNAs 4899, Business Correspondents 10942.
Strong capital base: Total CRAR : 15.58% as on December 31, 2023 against Regulatory Requirement of 10.875%.
Net Profit of the Bank as on December 31, 2023 is Rs.2119 Crore.
Book Value per share as on December 31, 2023 - Rs.347.73.
Total business of the bank as on December 31, 2023 - Rs.1163954 Crore.
Government of India owns 73.84% of the shareholding.
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