Indian Bank - Company Profile
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Indian Bank (IB) is a provider of banking and other related financial solutions. It offers savings and current accounts; recurring and fixed deposits; credit and debit cards; and loans for personal requirements, housing, MSME, vehicle, farming, professionals, and education, among others. The bank acts as an insurance agent and provides bancassurance coverage for life, home, health, education, old age, and personal accident, among others. IB also offers foreign exchange, cash management, a centralized pension processing system, depository, remittance, online trading, payment solutions, mobile banking, and ATM services. The bank has international branches in Singapore, Colombo, and Jaffna. IB is headquartered in Chennai, Tamil Nadu, India.
Headquarters
India
Address
Pb No: 5555, 254-260, Avvai Shanmugam Salai, Royapettah, Chennai, Tamil Nadu, 600014
Website
www.indianbank.in
Telephone
91 44 28134300
No of Employees
40,781
Industry
Financial Services
Ticker Symbol & Exchange
INDIANB (NSE)
Revenue (2022)
$6.7B
14.1%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
34.5%
(2022 vs 2021)
Market Cap*
$8.3B
Net Profit Margin (2022)
XYZ
18.0%
(2022 vs 2021)
* As of and is in US$
Indian Bank premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Deposits: | Financial Planning |
| Term | Online Trading |
| Fixed | Mobile Banking |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In April, the bank partnered with Tata Power Solar Systems Limited to promote the affordable and widespread adoption of solar rooftops in the residential segment. |
| 2024 | Contracts/Agreements | In March, the bank signed an agreement to acquire a 28.4% stake in Vallourec. |
| 2024 | Corporate Changes/Expansions | In January, the bank opened 24 new Resources Acquisition Centres (RAC). |
Competitor Comparison
| Key Parameters | Indian Bank | Canara Bank | Bank of Baroda | Bank of India | IndusInd Bank Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Chennai | Bangalore | Mumbai | Mumbai | Mumbai |
| State/Province | Tamil Nadu | Karnataka | Maharashtra | Maharashtra | Maharashtra |
| No. of Employees | 40,781 | 84,978 | 77,244 | 45,613 | 38,179 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Shanti Lal Jain | Managing Director; Chief Executive Officer; Director | Executive Board | 2021 | - |
| Imran Amin Siddiqui | Director | Executive Board | 2021 | - |
| Mahesh Kumar Bajaj | Director | Executive Board | 2022 | - |
| Papia Sengupta | Director | Non Executive Board | 2021 | - |
| Ashutosh Choudhury | Director | Executive Board | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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