Among the most prestigious banks in India that have carried on with their rich history and great success, Indian Bank is a very prominent name. The bank has crossed almost a century and still it’s journey has never ceased to surprise the banking sector. Their endless progress has offered them a powerful place in the Indian financial arena. Here we will be offering you a sneak peak of the company and more.
| Net worth | $89.96 billion |
| CEO | Mr. Shanti Lal Jain |
| Founder | S. Rm. M. Annamalai Chettiar and V. Krishnaswamy Iyer founded |
| Head Office | Chennai, Tamil Nadu |
Indian Bank’s Net Worth
Indian Bank was well-positioned in the Indian banking business with a $89.96 billion net worth.
Indian Bank’s CEO
Mr. Shanti Lal Jain served as the Managing Director and CEO of Indian Bank.
Indian Bank’s Founder
Several visionaries founded Indian Bank. S. Rm. M. Annamalai Chettiar and V. Krishnaswamy Iyer founded it in Chennai, India, on August 15, 1907. The founders intended a South Indian trading bank.
Indian Bank’s Head Office
Corporate headquarters of Indian Bank are in Chennai, Tamil Nadu. The precise address is: Indian Bank, Corporate Office, PB No: 5555, 254-260, Avvai Shanmugam Salai, Royapettah, Chennai – 600 014, Tamil Nadu, India.
Indian Bank’s History
Indian Bank’s growth, adaptability, and commitment to Indian financial needs are fascinating. Examine its significant achievements:
Private Indian Bank, created in 1907, promoted South Indian commerce and business. Early on, it funded various industries and businesses. Indian Bank joined Imperial Bank, later State Bank, in 1932. To promote financial inclusion and strengthen public institutions, the government nationalized Indian Bank on July 19, 1969. This reform made Indian Bank public, tying it to national progress. Indian Bank increased its branch and ATM network nationally, making banking more accessible. The bank offered tech-enabled banking services and products.
A historic merger between Indian Bank and Allahabad Bank on April 1, 2020, formed India’s largest public sector bank. This merger aimed to create a stronger, more efficient bank with expanded reach and capabilities. Indian Bank prides itself on being “Your Own Bank.” The bank has boosted India’s economy and society. Financial inclusion, corporate social responsibility, and technology have earned Indian Bank awards.
From its inception in the year 1907, the bank has never stopped its successful journey. With a wide variety of financial plans, loans, and critical financial measures for the safety and security of the customers, all these have made the bank most trusted among the Indian mass. Under the strong hands of the CEO, the bank is still on the run to offer more success stories, making enough space for inspiration.
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