Indian Bank
NSE: INDIANB BSE: 532814
₹854
+4.35 (0.51%)
Sat, 07 Nov 2026, 08:47 am
Market Cap (in Cr)114222.55
PE Ratio8.70
Dividend2.15
Finance
Major Banks
24.5KIndian Bank Company History
1907
- Incorporated on March 5 as Indian Bank Limited.
- Commences operations on August 15.
1910
- Shifts Head Office to Bentincks Buildings on Rajaji Salai.
1932
- Opens Colombo branch.
1941
- Opens Singapore branch.
1962
- Acquires Royalaseema Bank, Bank of Alagapuri, Salem Bank, Mannargudi Bank, and Trichy United Bank.
1969
- Nationalized on July 19.
- Appointed lead bank for nine districts in Tamil Nadu, Andhra Pradesh, Kerala, and Pondicherry.
1970
- Shifts Head Office to present building at 31, Rajaji Salai.
1981
- Sponsors first regional rural bank, Sri Venkateswara Grameena Bank.
1989
- Incorporates Indbank Merchant Banking Services Ltd as subsidiary.
1990
- Amalgamates Bank of Thanjavur Limited with 157 branches.
1991
- Incorporates Ind Bank Housing Limited as subsidiary.
1994
- Establishes Indfund Management Limited for mutual fund operations.
1995
- Establishes Indian Bank Management Academy for Growth & Excellence (IMAGE).
2000
- Mrs. Ranjana Kumar assumes charge as Chairperson and Managing Director.
- Launches vehicle and consumer loan schemes in select cities.
- Launches new trade financing scheme.
- Submits Restructuring Plan, operational from September 30.
2001
- Ties up with Sterling Infotech for student finance.
- Enters strategic tie-up with HDFC Standard Life Insurance.
- Launches Cash Management Services.
- Contributes Rs 62 lakh to Prime Minister's Relief Fund.
2003
- Associates with MSSRF for agriculture radio programme.
- Renumbers Head Office to 66, Rajaji Salai on February 8.
- Receives NABARD award for SHG performance in Tamil Nadu and Andhra Pradesh.
2004
- Receives best commercial bank award.
- Signs agreement with Export Credit Guarantee Corporation on January 22.
- Receives prize for SHG loans in Andhra Pradesh.
- Singapore branch launches Sunday remittance service.
- Introduces IB Swarna Abharana loan for gold jewellery.
- Partners with TimesofMoney for remittance solution.
- Signs ATM sharing agreement with Andhra Bank on June 28.
- Signs ATM sharing agreement with Corporation Bank on July 12.
- Partners with United India Insurance for Arogya Raksha mediclaim scheme.
- Introduces online money transfer for NRIs in US.
- Unveils 4 new loan schemes.
- Ties up with TNPL for farm forestry financing.
- Enters strategic alliance with Mahindra & Mahindra and TAFE for tractor financing.
- Implements Core Banking Solution in 2 branches on December 22.
2005
- Signs agreements with National Exchange Company, Mussandum Exchange, and UAE Exchange for money transfer.
- Sets up new branch in Delhi.
2006
- Sets up new branch in Mumbai.
- Launches Bharat Card.
- Enters strategic alliance with Oriental Bank of Commerce and Corporation Bank.
2007
- Appoints M S Sundara Rajan as Chairman and Managing Director from June 4.
- Nominates T T Natarajan as Officer Employee Director from November 22.
- Rolls out biometric-enabled smart cards.
2008
- Appoints Anup Sankar Bhattacharya as Executive Director.
- Signs agreement with Reliance Capital Asset Management to sell mutual fund products.
2009
- Reduces BPLR by 50 bps to 12%.
- Appoints three new Statutory Central Auditors for 2009-10.
- Receives 5 state awards for SHG lending in 2008-09.
- Signs MoU with Tata Motors for passenger car financing.
2010
- Launches Visa Business Card for corporates and SMEs.
2011
- Increases BPLR by 0.25% to 13.50%.
- Launches e-Treasury service.
- Appoints Statutory Central Auditors.
2012
- Reduces home and car loan rates by up to 50 bps.
- Approves amalgamation of Indfund Management Limited.
2013
- Inaugurates two ATM centres at Chennai airport.
- Launches webportal with United India Insurance for group insurance policies.
2014
- Declares interim dividend of Rs. 3.00 and final dividend of Rs. 1.70 per share.
- Revises interest rates on foreign currency deposits.
2017
- Launches IB Home Enrich home loan product for repairs and renovation.
- Receives National Award for Excellence in Lending to Micro Enterprises (1st rank, 2015-16) and MSE Lending (2nd rank, 2015-16).
- Launches three tech products to overcome demonetization effects.
2019
- Signs MoU with Muthoot Microfin.
- Receives in-principle approval for amalgamation of Allahabad Bank.
2020
- Celebrates 114th Foundation Day on August 14.
- Inaugurates Amalgamated Branches in Chennai on August 31.
- Conducts Vehicle Loan Mela on September 25.
- Inaugurates Customer Acquisition Processing Centre in Chennai on October 5.
- Starts fifth batch of MSME Prerana on December 18.
- Receives award from Government of West Bengal.
2021
- Launches new Vision and Mission Statement.
- Signs MOU with The Chennai Angels for financing startups.
- Signs MoU with BSNL and MTNL.
- Sponsors utility vehicle to Blue Cross India.
- Signs MoU with PCI.
2022
- Unveils Dynamic QR Code bill payment system for CESC, Mysuru.
- Launches new initiatives under Project WAVE.
- Launches MSME Prerana in Rajasthan.
- Signs MOU with Honda.
- Opens Digital Banking Unit in Delhi.
2023
- Launches 24 New Resources Acquisition Centres, taking RAC strength to 75.
- Partners with Intellect Design Arena for Innovative Cash Management Service Platform.
- Signs MoU with DHBVNL for payment gateway services.
- Launches IB SAATHI for financial inclusion.
- Partners with Maruti Suzuki India Ltd for supply-chain finance.
2024
- Inaugurates Specialized MSME Branches in Ambattur and Coimbatore.
- Hosts Chief Economic Advisor Dr V Anantha Nageswaran at IMAGE Chennai.
- Partners with Aparajitha Foundation to empower youth through life skills education.
- Partners with Tata Power Solar Systems Limited for residential solar adoption.
- Launches Indian Bank One Co-Branded Credit Card powered by Visa and RuPay.
