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
Contact Details: Purchase the Indian Bank report to view the information.
Website: http://www.indianbank.in
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