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Indian Bank (India)

Main Activities: Commercial Banking
Full name: Indian Bank Profile Updated: February 03, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Indian Bank, located in Chennai, was incorporated on March 5, 1907, with an Authorized Capital of Rs 20 lakhs. It started its business on August 15, 1907. Over the years, the bank has achieved significant milestones. In 1921, the bank's capital was raised to Rs 60 lakhs. In 1932, it celebrated its Silver Jubilee and opened its first overseas operations in Colombo. The bank's Singapore branch was opened in 1941. In 1957, it celebrated its Golden Jubilee, followed by its Diamond Jubilee in 1967. In 1978, the bank's logo comprising of three circling arrows arranged around a central point was approved. The bank celebrated its Platinum Jubilee in 1982. In 1990, Bank of Thanjavur Ltd. was amalgamated with the bank. In 2006, the bank's centenary year celebration was inaugurated by the President of India. In 2007, the bank went for an Initial Public Offer. In 2008, it achieved 100% Core Banking Solutions (CBS) compliance. In 2019, Tamil Nadu Grama Bank commenced operations after a successful amalgamation. In 2020, the bank started operating as an amalgamated entity. In 2022, the bank's Global Business surpassed Rs 10 lakh Crores, and in 2023, it reached Rs 10.95 lakh Crores. In Q1 FY24, the bank's Global Business crossed Rs 11 lakh Crores. The bank offers various products and services, including loan products, deposit products, digital products, online loans, merchant digital products, and featured products/services/schemes.

Legal Address
No. 66, Rajaji Salai,, ,
Chennai; Tamil Nadu; Postal Code: 600001

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Website: http://www.indianbank.in

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1907
Key Executives
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Chief Executive Director and Managing Director
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Director
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Director
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Director
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Executive Director
Ownership Details
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73.84%
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10.53%
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5.89%
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5.31%
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3.1%
Subsidiaries
Ind Fund Management Ltd
100%
Company Performance
Financial values in the chart are available after Indian Bank report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency INR. Absolute financial data is included in the purchased report.
Net sales revenue
25.32%
Total operating revenue
25.32%
Net Profit (Loss) for the Period
51.71%
Total equity
8.15%
Net Profit Margin
2.49%
Return on Equity (ROE)
125.1%

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