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000 INDIAN Bank Profile

Indian Bank was established in 1907 in response to a banking collapse. It is now a premier bank owned by the Government of India with over 22,000 employees and branches across India and internationally. The bank offers diversified banking services including retail banking, corporate banking, investment banking, and specialized services. It has pioneered the use of new technologies like core banking solutions, internet banking, and ATM networks to serve customers.

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87 views4 pages

000 INDIAN Bank Profile

Indian Bank was established in 1907 in response to a banking collapse. It is now a premier bank owned by the Government of India with over 22,000 employees and branches across India and internationally. The bank offers diversified banking services including retail banking, corporate banking, investment banking, and specialized services. It has pioneered the use of new technologies like core banking solutions, internet banking, and ATM networks to serve customers.

Uploaded by

eldhosegeorge
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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2009

INDIAN BANK PROFILE

BANKING TECHNOLOGY
INDIAN BANK PROFILE

History

The Indian Bank Limited the predecessor to Indian Bank Managed by Indians on
Western lines in the wake of the widespread misery caused to depositor by the failure of
the house of Messrs.Arbothnet & Co in the year 1906. The late Hon’ble
Shri.V.Krishnaswamy Iyer CSI conceived the idea of starting of bank of Chennai and
called a meeting of prominent citizens on November 3, 1906. The Indian Bank Limited
commenced services on 15th August 1907 exactly forty years before India political
freedom on August 1947.

A premier bank owned by the Government of India

• Serving the nation with a team of over 22000 dedicated staff.


• Global deposits rose to Rs. 72582 Crores as on 31.03.2009.
• Net advance increased to Rs.51831 Crores as on 31.03.2009.
• 1642 Branches spread all over India & 66 extension counters in India.
• 755 Automated teller Machines(ATM) including 205 offset ATM’s

International Presence

• Overseas branches in Singapore and Colombo including a Foreign Currency


Banking Unit at Colombo
• 229 Overseas Correspondent banks in 69 countries

Diversified banking activities - 3 Subsidiary companies

• Indbank Merchant Banking Services Ltd


• IndBank Housing Ltd.
• IndFund Management Ltd

A front runner in specialized banking

• 88 Forex Authorized branches inclusive of 3 Specialized Overseas Branches at


Chennai , Bangalore and Mumbai exclusively for handling forex transactions
arising out of Export, Import, Remittances and Non Resident Indian business
• 5 specialized NRI Branches exclusively for servicing Non-Resident Indians

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INDIAN BANK PROFILE

• 1 Small Scale Industries Branch extending finance exclusively to SSI units

Leadership in Rural Development

• Loan products like Artisan Card, Kisan Card, Kisan Bike Scheme, Yuva Kisan
Vidya Nidhi Yojana to meet diverse credit needs of farmers.
• Provision of technical assistance and project reports in Agriculture to
entrepreneurs through Agricultural Consultancy & Technical Services (ACTS)
• Specialised Agricultural Finance branches to finance High Tech Agricultural
Projects.

A pioneer in introducing the latest technology in Banking

• 100% Business Computerisation.


• 168 Centres throughout the country covered under 'Anywhere Banking'
• Core Banking Solution(CBS) in 1642 branches and 66 extension counters, in
record time
• 755 connected Automated Teller Machines(ATM) in 99 cities/towns
• 24 x 7 Service through 32000 ATMs under shared network
• Internet and Tele Banking services to all Core Banking customers
• Real Time Gross Settlement (RTGS) in all CBS branches
• e-payment facility for Corporate customers
• Cash Management Services
• Depository Services
• Reuter Screen, Telerate, Reuter Monitors, Dealing System provided at all
Overseas Branches and I B Gold Coin.
• I B Credit Card Launched
• All 28 circle offices are having facilities of video conferencing facilities.

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INDIAN BANK PROFILE

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