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Bank Exams Exam  >  Bank Exams Notes  >  IBPS PO Prelims & Mains Preparation  >  Indian Bank

Indian Bank

History

  • In the last quarter of 1906, Madras (now Chennai) was hit by the worst financial crisis. 
  • To resolve the problem, V. Krishnaswamy Iyer , founded the Indian bank. 
  • Indian Bank is an Indian state-owned financial services company established in 1907 as a private sector bank, with its head office in Parry's Building, Parry Corner, Madras, Tamil Nadu. 
  • It was nationalised in 1969 by the Government of India along with other 13 private banks under Banking Companies Ordinance, 1969. 
  • Since 1969 the Government of India has owned the bank. 
  • In 1981 Indian Bank set up its first RRB, Sri Venkateswara Grameena Bank, in Chittoor. 

Logo of Indian Bank

Indian Bank

  • Tagline: Taking Banking Technology to Common man
  • Headquarter: Chennai, Tamil Nadu
  • MD & CEO: Mahesh Kumar Jain
  • Founder: V. Krishnaswamy Iyer
  • Founded on: 15 August 1907

Subsidiaries

  • Ind bank Merchant Banking Services Ltd.
  • Ind Bank Housing Ltd.

Mergers

  • Rayalaseema Bank
  • Mannargudi Bank
  • Bank of Alagapuri
  • Salem Bank
  • Trichy United Bank
  • The Palakkarai Bank
  • The Tennur Bank
  • Bank of Thanjavur

Awards Received Recently

  • Indian Bank has won Six SKOCH Technology Innovation Awards for its Techno Products.
  • India's Best Bank Award by Financial Express.

Techno Products provided by Indian Bank

  • Scan and Pay in Indpay Mobile App
  • Geo-Tagging in IB Staff App
  • Digital Challan in IB Customer App
  • Online Credit Card Transaction view in IB Customer App
  • ATM Room Cleanliness Feedback with photo from user in IB Customer App
  • Green PIN for Credit / Debit Card / Net / Mobile Banking.
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Apr 18, 2026 Last updated
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Introduction of Indian Bank in English is available as part of our IBPS PO Prelims & Mains Preparation for Bank Exams & Indian Bank in Hindi for IBPS PO Prelims & Mains Preparation course. Download more important topics related with notes, lectures and mock test series for Bank Exams Exam by signing up for free. Bank Exams: Indian Bank
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