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 5773 , ATMs & BNAs 4969 , Business Correspondents 10368.
Strong capital base: Total CRAR : 15.74% as on December 31, 2022 against Regulatory Requirement of 10.875%.
Net Profit of the Bank for quarter ended December 31, 2022 is Rs.1396 Crore.
Book Value per share as on December 31, 2022 - Rs.299.83.
Total business of the bank as on December 31, 2022 - Rs.1048772 Crore.
Government of India owns 79.85% of the shareholding.
- Indian Bank was incorporated on March 05, 1907 and nationalized in 1969.