Indian Bank, an Indian public sector, and commercial bank. Know more about the owner of Indian Bank and more company information. Indian Bank, is an Indian state-owned financial service company providing banking services for individuals and corporate customers in India and outside.
About the owner of Indian Bank
Indian Bank was incorporated in the year 1907. It emerged as a result of the Swadeshi Movement during British Rule. Now Government of India is the owner of the Indian Bank.
V. Krishnaswamy Iyer, a lawyer from Madras (Now Chennai) the main person behind the foundation of the so-called Indian Bank. Indian Bank initiated its operations on 15 August 1907 along with its head office in Parry’s Building, Parry Corner, Madras. The bank soon got its structure enriched outside India too, and opened its branch in Colombo, Sri Lanka in the year 1932 and also in Rangoon, Burma in 1940.
About The Indian Bank Limited Wiki
|Company Name||Indian Bank Limited|
| V. Krishnaswamy Iyer
|Founded||15th in August 1907|
|CEO and MD||Shanti Lal Jain|
|Head Office||Chennai, India|
||IndianBank, 66 Rajaji Salai,Chennai-600001|
Details of the owner of Indian Bank (Wiki)
To point out, Indian Bank is a Government of India Undertaking and carries on all types of banking business.
Kishor Kharat, current Managing director and Chief Executive Officer of Indian Bank. Formerly to this, he held the same position at IDBI Bank Limited since August 14, 2015. Moreover, he was the Executive Director of Union Bank of India from March 10, 2015. Qualified with graduation in Commerce and Law. Also, a Certified Associate of the Indian Institute of Bankers.
In addition to this, he also holds a Degree in Master of Business Administration. He hatched his professional career in banking with the Bank of Baroda. Where he had a prolonged, flourishing chore of more than 37 years. During their days in the Bank of Baroda, Kishor was imputed with the establishment of a Foreign Subsidiary of the Bank of Trinidad and Tobago, West Indies and he headed the Subsidiary for more than three years.
Mr. T.C. Venkat Subramanian- Non-Executive Chairman
Mr. A S Rajeev- Executive Director
Shri M.K.Bhattacharya- Executive Director
Ms. Mudita Mishra- Government Nominee Director
Mr. J.K. Dash- RBI Nominee Director
Details of the Company
The bank was nationalized by the Government of India in the year 1969. Eventually, a public sector firm.
Not to mention, they are a pioneer in introducing Self Help Groups and Financial Inclusion projects in the country.
It has entered into a strategic tie-up with HDFC Standard Life Insurance Company Ltd., the first in the private sector to receive the Certificate of Registration for a foray into the Life Insurance business for distribution of the latter’s insurance products. A Memorandum of understanding has been signed by the Bank with the Insurance Company on 8th February 2001 to this effect.
Indian Bank has two subsidiaries Indbank Merchant Banking Services Ltd, and IndBank Housing Ltd.
Presently, the Indian bank has 40 Overseas Correspondent banks in 70 countries, giving a strong presence internationally. Moreover, a 22,000-strong workforce of dedicated employees takes pride in serving the Indian Bank.
Award winner for Excellence in Agricultural Lending from Honourable Union Minister for Finance.
NABARD once awarded the Indian Bank with the Best Performer Award for Micro-Finance activities in Tamil Nadu and the Union Territory of Puducherry.
Indian Bank India Limited customer care
IndianBank, 254-260 Avvai Shanmugam Salai, Royapettah, Chennai – 600 014.
- 1800 425 00 000
- 1800 425 4422