Indian Bank
About Indian Bank
Indian Bank is one of the leading public sector banks in India. Established in 1907, it has a rich history and has played a significant role in India's banking sector. Headquartered in Chennai, the bank has a vast network of branches and ATMs across India and maintains a significant presence in the international banking market. Indian Bank is known for its customer-centric approach and commitment to financial inclusion. The bank offers a wide range of banking products and financial services to meet the diverse needs of its customers. In 2020, Indian Bank merged with Allahabad Bank, which significantly enhanced its market presence and branch network.
History of Indian Bank
Indian Bank was founded on 15 August 1907 by V. Krishnaswamy Iyer, a prominent lawyer and freedom fighter from Chennai (then Madras). The bank was established with the objective of promoting banking facilities among the Indian business community. Initially, it operated from a small office in Port Mahabalipuram Street, George Town, Chennai.
Over the decades, Indian Bank has grown significantly through organic expansion and strategic initiatives. The bank played a crucial role in financing India's industrial development and has been instrumental in promoting financial inclusion. In 2020, Indian Bank merged with Allahabad Bank, which significantly enhanced its market presence and branch network. This amalgamation made Indian Bank one of the top public sector banks in India.
The bank has consistently adapted to changing banking technologies and customer needs, positioning itself as a modern, customer-friendly bank. It has been at the forefront of digital banking initiatives and has introduced several innovative products and services to cater to the evolving needs of its customers.
Indian Bank Services
Indian Bank offers a comprehensive range of banking products and financial services to its customers, including:
- Retail Banking Services - Savings accounts, current accounts, fixed deposits, recurring deposits
- Corporate Banking Services - Working capital finance, project finance, trade finance
- Loans and Credit Facilities - Home loans, personal loans, auto loans, education loans, business loans
- NRI Banking Services - NRO accounts, NRE accounts, FCNR accounts, remittance services
- Debit and Credit Cards - Wide range of cards with various benefits and rewards
- Digital Banking Services - Internet banking, mobile banking, Indian Bank app
- Investment Services - Mutual funds, insurance products, demat services
- Government Banking - Treasury services, government business handling
Unique Facts about Indian Bank
- Indian Bank was established in 1907 and is one of the oldest banks in India.
- The bank has one of the largest branch networks among Indian public sector banks.
- After the merger with Allahabad Bank, it became one of the top 5 banks in India.
- Indian Bank was the first Indian bank to open a branch in Myanmar.
- The bank has a strong focus on financial inclusion and rural banking.
You can find contact details and all the codes of all the Indian Bank branches in India here.