Verified employee & interview reviews

Indian Bank Reviews

Chennai, Tamil Nadu

4.7/ 5

3 reviews

Indian Bank is a prominent Indian public sector banking institution and the seventh-largest public sector bank in the country. Established on August 15, 1907, as part of the historic Swadeshi Movement, the bank was incorporated by V. Krishnaswamy Iyer and initially functioned under the name Indian Bank Limited. Over more than a century of operations, it has evolved into a key player in India's financial sector, coming under the direct ownership and jurisdiction of the Government of India since its nationalization on July 19, 1969. Headquartered in Chennai, Tamil Nadu, the bank operates under the Ministry of Finance's Department of Financial Services, with the government maintaining a 73.84% majority stake. The bank’s domestic infrastructure is extensive, comprising 6,001 branches, 5,657 ATMs and cash deposit machines, alongside an expansive network of over 17,000 business correspondents. This network is stratified across diverse geographical demographics, featuring 2,011 rural, 1,605 semi-urban, 1,195 urban, and 1,190 metropolitan branch categories, highlighting its deep-rooted retail presence. In addition to its domestic operations, Indian Bank maintains a notable international presence, which began early in its history with the opening of its first overseas branch in Colombo, Sri Lanka, in 1932, followed by a branch in Singapore in 1941. It currently operates three overseas branches and an International Banking Unit (IBU) at Gift City, supported by 227 overseas correspondent banks across 75 countries. A pivotal moment in the bank's history occurred on April 1, 2020, when Allahabad Bank—a legacy institution founded in 1865—was officially amalgamated into Indian Bank, significantly augmenting its scale, market reach, and asset base. Financially, Indian Bank exhibits robust growth and stable fundamentals. For the fiscal year ending March 31, 2026, the company reported a consolidated annual revenue of INR 77,441 crore, an operating profit of INR 19,916 crore, and a net income of INR 12,156 crore. The bank's global business operations stood at an impressive INR 14.95 lakh crore, while total deposits expanded to INR 8,27,726 crore and gross advances grew to INR 6,67,113 crore. The bank's core revenue structure is organized across four main operational segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. Its comprehensive financial product suite features retail, agricultural, corporate, and MSME loans, alongside wealth management, insurance, merchant banking, and credit services. Led by Managing Director and CEO Binod Kumar alongside Executive Directors Ashutosh Choudhury, Shiv Bajrang Singh, and Mini T.M., Indian Bank has aggressively scaled its digital capabilities. Through its digital channels, it generated INR 2,72,302 crore in business for FY26, supporting over 2.36 crore mobile banking users and 2.64 crore UPI users. Publicly listed on both the National Stock Exchange (NSE: INDIANB) and the Bombay Stock Exchange (BSE: 532814), the bank combines strategic digital evolution with strong asset quality management to support India's long-term socioeconomic growth.