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Bank’s Profile Vision and Mission Managing Director & CEO’s Profile Executive Director’s Profile Board of Directors Chief General Managers General Managers IMAGE INDIAN BANK MUTUAL FUND

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Bank’s Profile

 

A BRIEF HISTORY OF THE BANK SINCE ITS INCORPORATION

History of the Bank – Key Milestone
Year Key Milestones
1907
  • Bank was incorporated on March 5,1907 with an Authorized Capital of Rs 20 lakhs and commenced its business on August 15, 1907.
  • In the year 1907, the Indian Bank Ltd. had the tree ‘Banyan’ as a part of its emblem denoting all-round progress, growth (far and wide) and an ever-increasing prosperity.
1921 Bank’s capital was raised to Rs 60 lakhs from Rs 20 lakhs.
1932
  • Bank celebrated its Silver Jubilee.
  • Bank opened its first overseas operations in Colombo.
1941 Singapore branch was opened.
1957 Bank celebrated its Golden Jubilee.
1967 Bank celebrated its Diamond Jubilee.
1978 Bank’s logo comprising of three circling arrows arranged around a central point was approved.
1982 Bank celebrated its Platinum Jubilee.
1990 Bank of Thanjavur Ltd. (BoT) with 157 branches was amalgamated with the Bank.
2006 The centenary year celebration was inaugurated by His Excellency the President of India Shri A. P. J. Abdul Kalam on 4th September.
2007 Bank went in for Initial Public Offer in February 2007.
2008 Achieved 100 per cent Core Banking Solutions (CBS) compliance.
2019
  • Tamil Nadu Grama Bank commenced operations on 1st April 2019 after a successful amalgamation of Pandyan Grama Bank of Indian Overseas Bank with the Bank’s Pallavan Grama Bank.
  • Government of India announced amalgamation of Allahabad Bank – a bank with 155 years legacy – into Indian Bank.
2020 Bank commenced its operations as an amalgamated entity from 1st April 2020. The integration of CBS systems of both the Banks was completed on 14.02.2021.
2022 Bank’s Global Business surpassed Rs 10 lakh Crores.
2023 Bank’s Global Business was at Rs 10.95 lakh Crores.
2024 Bank’s Global Business surpassed ₹12 lakh Crore.
2025 Bank’s Global Business was at ₹13.25 lakh Crore.
2026 Bank’s Global Business stood at ₹14.95 lakh Crore
Q1FY27 Bank’s Global Business stood at ₹15.29 lakh Crore

                                                      Branch Network and other touch points as on 30.06.2026

                               Domestic branches: 6003 (Including 3 DBUs) Overseas branches: 3 & IBU: 1

 

                                          ATMs & BNAs: 5676                    Business Correspondents: 17314

 

Bank’s Performance as on 30.06.2026

Assets and Liabilities

  • Total Deposits increased by 13.47% YoY and reached to ₹844578 Cr in June 2026 as against ₹744289 Cr in June 2025. Current, Savings & CASA deposits grew by 26.33%, 13.54%, and 15.30% YoY respectively.
  • Domestic CASA ratio increased to 39.73% in June 2026 from 38.97% in June 2025.
  • Gross Advances increased by 13.89% YoY to ₹684623 Cr in June 2026 from ₹601147 Cr in June 2025.
  • RAM (Retail, Agriculture & MSME) advances grew by 14.80% YoY to ₹416992 Cr in June 2026 from ₹363221 Cr in June 2025.
  • RAM contribution to gross domestic advances increased to 66.00%. Retail, Agri & MSME advances grew by 18.74%, 9.96% and 17.03% YoY respectively. Home Loan (including mortgage) grew by 13.36% YoY.
  • Priority sector advances as a percentage of ANBC stood at 45.36% at ₹236720 Cr in June 2026 as against the regulatory requirement of 40%.

Capital Adequacy

  • Capital Adequacy Ratio stood at 17.58%. CET-I at 16.51% and Tier I Capital stood at 16.51% in June 2026.

Asset Quality

  • GNPA decreased by 115 bps YoY to 1.86% in June 2026 from 3.01% in June 2025, NNPA reduced by 3 bps to 0.15% in June 2026 from 0.18% in June 2025
  • Provision Coverage Ratio (PCR, including TWO) improved by 2 bps YoY to 98.22% in June 2026 from 98.20 % in June 2025.

Operating Profit and Net Profit (Quarter ended Jun’26 over Jun’25)

  • Net Profit up by 10.09% YoY at ₹3273 Cr in June 2026 from ₹2973 Cr in June 2025.
  • Operating Profit improved by 16.50% YoY to ₹5557 Cr in June 2026 from ₹4770 Cr in June 2025.
  • Net Interest Income increased by 16.92% YoY to ₹7435 Cr in June 2026 from ₹6359 Cr in June 2025.
  • Cost to Income Ratio reduced by 98 bps to 44.80% in June 2026
  • Cost of Deposits (CoD) reduced by 34 bps to 4.80% in June 26 from 5.14% in June 2025
  • Cost of Funds (CoF) reduced by 40 bps to 4.83% in June 2026 from 5.23% in June 2025.
  • Domestic Net Interest Margin (NIM) improved to 3.41% in June 2026 from 3.35% in June 2025.
  • Slippage Ratio reduced to 0.77% in June 2026 in comparison to 0.94% in June 2025
  • Credit Cost improved by 5 bps YoY to 0.23% in June 2026 from 0.28% in June 2025.

Network

  • The Bank has 6003 domestic branches (including 3 DBUs), out of which 2011 are Rural, 1606 are Semi-Urban, 1195 are Urban & 1191 are in Metro category. The Bank has 3 overseas branches & 1 IBU (Gift City Branch).
  • The Bank has 5676 ATMs & BNAs and 17,314 Business Correspondents (BCs).

Digital Banking

  • Business of ₹67,327Cr has been generated through Digital Channels during Q1FY27. A total of 158 Digital Journeys, Utilities and Processes have been launched so far.
  • Number of Mobile Banking users has grown by 22% YoY, reaching 2.48 Cr.
  • UPI users and Net Banking users have witnessed an increase of 21% & 3% YoY reaching 2.77 Cr and 1.19 Cr respectively. Fastag & POS users increased by 79% & 40% respectively.

Awards & Accolades

  • The Bank was declared winner of the “Best PSB Award 2024-25” by Financial Express.
  • The MD & CEO of the Bank received “CEO of the Year” award at Tamil Nadu Business Leader of the Year, 2025.
  • The Bank was declared the winner of the “Golden Peacock Award for Excellence in Artificial Intelligence” for the year 2026.
  • The Bank received prestigious SKOCH Golden Award for “IB SAATHI” and Silver Award for “Security Operations”.
  • Indian Bank has been awarded the APY Annual Award of Excellence for achieving 104% of APY target in FY26.
  • The Bank received “Best Data Quality Award” by CIBIL.
  • Indian Bank has been awarded for “Excellence in Credit Capability Development” by IIBF.

Our Focus

We aim to become the preferred financial partner for customers by catering to their full spectrum of banking needs. Our strategy centers on operational efficiency, disciplined portfolio management, and delivering simpler, faster and more delightful banking experiences. At the core lies a customer-centric ethos that guides every interaction and innovation.

 

(Last modified on:Jul 16, 2026 at 05:44:43 am)