Indian Bank

Overview

Indian Bank is a prominent public sector financial institution established on August 15, 1907, in Chennai. Founded by Indian businessmen to finance various economic sectors, it has played a significant role in India's banking industry. Nationalized in 1969, Indian Bank has introduced key innovations, including the first ATM in India in 1980 and the first credit card by a public sector bank in 1996. In 2019, it merged with Allahabad Bank, further expanding its footprint with over 1,642 domestic branches and international branches in Singapore and Colombo.

Operating as a universal bank, Indian Bank offers a comprehensive range of services such as deposits, loans, advances, and retail banking products like personal, housing, and car loans, as well as credit cards. The bank also participates in merchant banking through its subsidiary, Indbank Merchant Banking Services, and supports rural banking initiatives. Noted for its commitment to information security, the bank maintains ISO 27001:2013 certification and reported total assets of approximately ₹4.25 lakh crore as of March 2023.

Basic Information

Contact Details

• Phone: +91 44281 34300
• Website: indianbank.in
• LinkedIn: linkedin.com/company/indianbank

Key Focus Areas & Initiatives

• Customer service
• Mobile apps
• Net banking
• Mobile banking
• ATM services
• SMS banking
• QR code payments
• Quick processing
• POS machine integration
• Mobile wallet
• Prepaid cards
• Green PIN initiative
• Investment services
• Asset management
• Loan products
• Micro-finance development
• Non-resident services
• Banking technology
• Branch network & banking outreach
• ISO 27001 certification
• Digital transformation
• Financial inclusion
• Retail banking
• International banking (Singapore, Colombo)
• Public sector banking
• Rural banking initiatives
• Finance technology

Technologies Used

• AI
• Remote