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 March 31, 2021 is Rs. 928388 crore.
Bank has pan India branch network with 6007 branches, 5428 ATMs & BNAs, 9095 BCs.
Strong capital base: Total CRAR 15.71 % as on March 31, 2020 against Regulatory Requirement of 10.875%.
Net Profit of the Bank as on March 31, 2021 is Rs.3005 Crore.
Book Value per share as on March 31, 2021 is Rs263.98.
Government of India owns 88.06% of the shareholding.