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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 40559 dedicated staff as on 31.12.2023
. Total Business touched Rs.11,63,954 Crores as on 31.12.2023
. Operating Profit: Rs.12,535.00 Crores (9 Months ended) as on 31.12.2023
. Net Profit:Rs.5,816.00 Crores (9 Months ended) as on 31.12.2023
. Core Banking Solution (CBS) in all 5835 (India) branches as on 31.12.2023
International Presence
. Overseas branches in Singapore , Colombo including a Foreign Currency Banking Unit at Colombo and Jaffna
. 227 Overseas Correspondent banks in 75 countries
Diversified banking activities - 2 Subsidiary companies
. Indbank Merchant Banking Services Ltd
. IndBank Housing Ltd.
. Indian Bank Mutual Fund
A front runner in specialised banking
. 95 Forex Authorised branches inclusive of 2 Specialised Overseas Branch at Chennai and Bangalore exclusively for handling forex transactions arising out of Export, Import, Remittances and Non Resident Indian business
. 73 Special SME Branches extending finance exclusively to SSI units
. MOU entered with National small Industries corporation(NSIC) to focus on MSME segment. Specialised verticals MSME and Mid corporate segment is Operationalised.
Leadership in Rural Development
. Under Financial Inclusion Plan, Indian Bank has been allotted 2975 Sub Service Areas(SSAs) and 2023 urban wards under Pradhan Mantri Jan-Dhan Yojana (PMJDY). All the 2975 SSAs are provided with banking services by the Bank. Of these 2517 SSAs are provided with banking services through Bank Mitrs(Business Correspondents) and 458 SSAs through Brick and Mortar branches already functioning in the SSAs.
. 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 39 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% Core Banking Solution(CBS) Branches
. 100% Business Computerisation
. Automated Teller Machines(ATM) and Bunch Note Acceptors(BNAs)-3399 as on 31.03.2018
. 24 x 7 Service through more than 2,36,385 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
. I B Credit Card Launched
. I B Prepaid Cards Launched (GIFT Card, International Travel Card)
. Aadhar Enabled Payment System(AEPS) through Business correspondents.
. Rupay Debit Card payments enabled through Business correspondents.
. Customised design image card and Green pin for debit cards.
. Green pin for debit cards and introduction of Rupay Platinum card.
. Launching of new products like statement of account through e-mail and M-Passbook facility is introduced to view the latest 50 transactions.
. Indian Bank has entered into a strategic tie-up with LIC of India for sale of third party insurance products.
Strategic alliance with LIC of India
  Indian Bank has entered into a strategic tie-up with LIC of India. Click for details.


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