Indian Bank
Indian Bank
Indian Bank
Company Ranking
Income Background Indian Bank (Indian Bank) was incorporated as The Indian Bank Ltd in 1907. In 1962, the bank acquired the businesses of Royalaseema Bank, the Bank of Alagapuri, Salem Bank, the Mannargudi Bank and the Trichy United Bank. After nationalisation in 1969, the bank acquired its present name. The banks business segment comprises of treasury, corporate/wholesale banking, retail banking and other banking operations. Business Profile Indian Bank primarily offers lending and deposit schemes catering to priority sector, businesses, agriculture and other weaker sections. Besides the above, it also provides services like foreign exchange, depository services, wealth management services and treasury among others. As on Mar 31, 2011 the bank had a network of 1,128 ATMs and 1,863 branches. Indian Bank has three overseas branches in Singapore, Colombo and a newly opened branch at Jaffna, Sri Lanka. The banks ratio of priority sector advances to ANBC stood at 43.66% whereas agriculture credit was 18.57% of ANBC in FY11. In FY11, the bank entered into a MoU with Bajaj Auto Ltd. and TVS for financing three wheelers. 35 Net Profit 25 Net Worth 31
D&B D-U-N-S No 65-025-3912 Financial Snapshot (` Mn) Total Income Net Profit Net Worth Total Business Ratios (%) NIM ROA Credit Deposit Investment Deposit Net NPA Ratio CRAR-Basel II Growth Indicators (y-o-y) Deposits (%) 19.92 21.09 15.12 3.62 1.53 71.12 32.88 0.53 13.56 105,429.2 17,140.7 83,265.4 1,810,540.9
Address PB No. 1384 66, Rajaji Salai Chennai - 600001 TN Website www.indianbank.in
Advances (%) CASA (%) PSU Status (As on Nov 2011) (As on Mar 31, 2011)