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 5812, ATMs & BNAs 5238, Business Correspondents 9186
Bank has pan India branch network with 6007 branches, 5428 ATMs & BNAs, 9095 BCs.
Strong capital base: Total CRAR : 15.92% as on June 30, 2021 against Regulatory Requirement of 10.875%.
Net Profit of the Bank as on June 30, 2021 is Rs.1182 crore.
Book Value per share as on June 30, 2021 is Rs.284.75.
Government of India owns 79.85% of the shareholding.