Indian Bank is a major public sector bank and among the oldest commercial banks in India. It was founded in the year 1907 as a part of the Swadeshi Movement, following the collapse of Arbuthnot and Co. Indian Bank was nationalised in the year 1969 by the Government of India, along with 13 other major banks. The bank holds ISO 27001:2013 certification for its information system and security processes. The Government of India holds around 73.84% stakes in the bank.
| Particular | Details |
| Bank Name | Indian Bank |
| Type | Public Sector |
| Founded | 15th August 1907 |
| Founder | S. Rm. M. Ramaswami Chettiar |
| Headquarters | Chennai, Tamil Nadu, India |
| MD & CEO | Binod Kumar |
| Chairman | N/A |
| Regulator | RBI |
| Services | Retail Banking, Corporate Banking, MSME Banking and more |
| Branch Network | 5,922 |
| Customer Base | 10 crore |
| Total Deposits | INR 7.90 lakh crore |
| Total Advances | INR 6.38 lakh crore |
| CASA Ratio | 39.08% |
| Bank Type Focus | Sector-specific financing, Government Schemes |
| Official Website | www.indianbank.bank.in |
Net Worth and Market Cap
Net Worth of Indian Bank was approximately INR 75,481 crore on 31st March 2025. The market capitalisation of the bank is currently at INR 1.18 lakh crore.
Corporate Leadership
Binod Kumar is serving as the Managing Director and CEO of Indian Bank since January 2025. Executive Directors of the bank are Ashutosh Choudhury, Shiv Bajrang Singh and Brajesh Kumar Singh. There is currently no Non-Executive or Part-Time Chairman of the bank.
Key Banking Products and Services
Indian Bank offers a comprehensive range of banking products and services catering to multiple segments, including retail, corporate, MSME, agriculture, NRI/international banking and wealth management. As a full-service public sector bank, it puts emphasis on sector-specific financing and government schemes.
Retail banking segment comprises of savings and current accounts for various customer segments, term deposits, fixed deposits and special schemes like IND money. A host of retail loan products are also offered to the customers. These include home loans, vehicle loans, mortgage loans, education loans, personal loans and loans against NSC/Relief Bonds/LIC policies.
Corporate and MSME banking solutions include corporate loans, trade financing, cash management, overdrafts, credit facilities for businesses and tailored financing for micro, small and medium enterprises.
NRI banking services cover NRE/NRO/FCNR accounts, forex, remittances, trade finance and specialised products for global Indians.
Headquarters and Network
Indian Bank has its head office or headquarters in Chennai, Tamil Nadu, India. Its distribution network comprises of 5,922 branches and 5,466 ATMs and BNAs across India. In addition, the bank has 1 International Banking Unit in GIFT City, Gujarat, 2 branches in Sri Lanka and 1 branch in Singapore.
