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 business of the bank as on December 31, 2020 is Rs. 910894 crore.
Bank has pan India branch network with 6006 branches, 5428 ATMs & BNAs, 9095 BCs.
Strong capital base: Total CRAR 14.06 % as on December 31, 2020 against Regulatory Requirement of 10.875%.
Net Profit of the Bank as on December 31, 2020 is Rs. 514 Crore.
Book Value per share as on December 31, 2020 is Rs.259.13.
Government of India owns 88.06% of the shareholding.