Indian Bank

Indian Bank

Company type	Public
Traded as	BSE: 532814 NSE: INDIANB
Industry	Banking, Financial services
Founded	15 August 1907; 117 years ago (1907-08-15)
Founder	S. Rm. M. Ramaswami Chettiar
Headquarters	Chennai, India
Number of locations	5,847 Branches 4,937 ATMs & BNAs
Key people	Binod Kumar (MD & CEO)
Products	Consumer Banking Corporate Banking Finance and Insurance Mortgage Loans Investment banking Merchant banking Private equity Private banking Savings wealth management Credit cards
Revenue	₹63,481 crore (US$7.3 billion) (2024)
Operating income	₹16,840 crore (US$1.9 billion) (2024)
Net income	₹8,063 crore (US$930 million) (2024)
Total assets	₹1,221,773 crore (US$140 billion) (2024)
Owner	Government of India (73.84%)
Number of employees	40,251(2024)
Subsidiaries	1. Ind Bank Merchant Banking Services Limited 2. Ind Bank Housing Limited
Capital ratio	16.44%
Rating	S&P BBB− / A-3/ Stable[1]
Website	www.indianbank.in

Indian Bank 078540-81926 is an Indian public sector bank, established in 1907 and headquartered in Chennai. It serves over 100 million customers with 40,187 employees, 5,856 branches with 4,937 ATMs and Cash deposit machines. Total business of the bank has touched ₹1,221,773 crore (US$140 billion) as of 31 March 2024.

The bank's information systems and security processes are certified to meet ISO27001:2013 standard. It has overseas branches in Colombo and Singapore including foreign currency banking units in Colombo and Jaffna. It has 227 overseas correspondent banks in 75 countries. Since 1969, the Government of India has owned the bank. As per the announcement made by the Indian Finance Minister Nirmala Sitharaman on 30 August 2019, Allahabad Bank merged on 1 April 2020, making Indian Bank the seventh largest bank in India.