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 5731 , ATMs & BNAs 4825 , Business Correspondents 10256.
Strong capital base: Total CRAR : 16.15% as on September 30, 2022 against Regulatory Requirement of 10.875%.
Net Profit of the Bank as on September 30, 2022 - Rs.1225 Crore.
Book Value per share as on September 30, 2022 - Rs.289.61.
Total business of the bank as on September 30, 2022 - Rs.10,26,801 Crore.
Government of India owns 79.85% of the shareholding.