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A premier bank owned by the Government of India
Established on 15th August 1907 as part of the Swadeshi movement
Serving the nation with a team of over 22000 dedicated staff
Total Business crossed Rs.101274 Crores as on 31.03.2008
Operating Profit increased to Rs. 1659.30 Crores as on 31.03.2008
Net Profit increased to Rs.1008.74 Crores as on 31.03.2008
Net worth improved to Rs.4703.35 Crores as on 31.03.2008
1582 Branches spread all over India
Correspondent banks throughout the world
Overseas branches in Singapore and Colombo including a Foreign Currency Banking Unit at Colombo
240 Overseas Correspondent banks in 70 countries
Diversified banking activities - 3 Subsidiary companies
IndBank Housing Ltd.
A front runner in specialised banking
90 Forex Authorised branches inclusive of 1 Specialised Overseas Branch at Chennai exclusively for handling forex transactions arising out of Export, Import, Remittances and Non Resident Indian business
1 Small Scale Industries Branch extending finance exclusively to SSI units
Leadership in Rural Development
Pioneer in introducing Self Help Groups and Financial Inclusion Project in the country
Award winner for Excellence in Agricultural Lending from Honourable Union Minister for Finance
Best Performer Award for Micro-Finance activities in Tamil Nadu and Union Territory of Puducherry from NABARD
Established 7 specialized exclusive Microfinance branches called "Microsate" across the country to cater the needs of Urban poor through SHG (Self Help Group)/JLG (Joint Liability Group) concepts
A special window for Micro finance viz., Micro Credit Kendras are functioning in 44 Rural/Semi Urban branches
Harnessing ICT (Information and Communication Technology) for Rural Development and Inclusive Banking
Provision of technical assistance and project reports in Agriculture to entrepreneurs through Agricultural Consultancy & Technical Services (ACTS)
A pioneer in introducing the latest technology in Banking
100% Business Computerisation
168 Centres throughout the country covered under 'Anywhere Banking'
24 x 7 Service through 32000 ATMs under shared network
Internet and Tele Banking services to all Core Banking customers
e-payment facility for Corporate customers
Cash Management Services
Depository Services
Reuter Screen, Telerate, Reuter Monitors, Dealing System provided at Overseas Branch, Chennai
IB Credit Card Launched
IB Gold Coin
RTGS & NEFT REMITTANCE FACILITIES NOW AVAILABLE AT ALL CBS BRANCHES
Strategic alliance with HDFC Standard Life Insurance Company
Indian Bank has entered into a strategic tie-up with HDFC Standard Life Insurance Company Ltd. Click for details.

 

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