Indian Bank is the 7th largest public sector lender in India. Founded on March 5, 1907, with an authorised capital of ₹20 lakh, the bank officially commenced operations on August 15, 1907. Indian Bank made its first international foray with the opening of its operations in Colombo, Sri Lanka in 1932.
The Bank of Thanjavur Ltd, with its 157 branches, was amalgamated with Indian Bank in 1990, further expanding its domestic presence. In 2019, Indian Bank saw another major bout of expansion with the amalgamation of the 155-year-old Allahabad Bank.
The bank's initial public offering (IPO) went live in February 2007. The market capitalisation of Indian Bank is ₹56,747 crore as of January 9, 2023. Indian Bank share price has gained 381.77% in the last three years.
Business Operations
Indian Bank offers many financial products and services including savings and current accounts, recurring and fixed deposits, credit and debit cards, home loans, personal loans, MSME loans and education loans. The bank's other services include foreign exchange, cash management, centralised pension processing system, depository, remittance, online trading, payment solutions and mobile banking.
As of March 31, 2023, the bank had an expansive network of customer touchpoints, including 5,787 domestic branches, 3 international branches, 1 IFSC banking unit, 4,929 ATMs and 10,750 business correspondents across India. The bank has installed 2,914 passbook kiosks as of March 31, 2023. Its international branches are located in Singapore, Colombo and Jaffna.
The bank also inaugurated six new Microsate branches (satellite branch for micro loans) during FY23. There are a total of 50 specialised branches dedicated to lending under the Self-Help Group (SHG) scheme, constituting 20% of the bank's entire SHG portfolio, as of March 31, 2023. These branches function as comprehensive centres offering both credit and supplementary services such as training and bookkeeping. Indian Bank extended credit amounting to ₹2,544 crore to 31767 SHGs. As of March 23, these Microsate branches held outstanding advances totalling ₹2,717 crore, serving 48,156 SHGs.
Indian Bank also added 31 new clusters in FY23. A total of 90 clusters are operational across 48 zones, as of March 31, 2023.
Indian Bank's subsidiaries and joint ventures form a crucial part of its financial ecosystem. Its subsidiaries include Indbank Merchant Banking Services Ltd and Ind Bank Housing Ltd. The lender is a part of two joint ventures (JVs). Universal Sompo General Insurance Co. Ltd and ASREC (India) Ltd are two JVs of the Indian Bank.
The bank also runs the Indian Bank Management Academy for Growth and Excellence (IMAGE) in Chennai. The academy serves the training requirements of the Indian Bank, its subsidiaries and other members of the banking community. It also conducts training for middle and senior management personnel from government, public sector and corporate entities.
Indian Bank Financial Highlights
- Revenue: Indian Bank reported revenue of ₹78,332.70 crore in FY26 vs ₹72,050.88 crore in FY25. It showed an increase of 8.72% on a yearly basis.
- Operating Profit: Indian Bank reported an operating profit of ₹15,734.95 crore in FY26 vs ₹14,887.38 crore in FY25. It showed an increase of 5.69% on a year-on-year basis.
- Net Profit: Indian Bank reported a net profit of ₹11,460.40 crore in FY26 vs ₹10,994.87 crore in FY25. It showed an increase of 4.23% on a yearly basis.
Indian Bank Quarterly Result Highlights
- Indian Bank reported revenue of ₹20,261.23 crore in Mar 2026, compared with ₹19,894.78 crore in Dec 2025, representing an increase of 1.84% on a quarter-on-quarter (QoQ) basis.
- Indian Bank reported an operating profit of ₹4,077.81 crore in Mar 2026, compared with ₹4,199.38 crore in Dec 2025, representing a decrease of 2.89% on a quarter-on-quarter (QoQ) basis.
- Indian Bank reported a profit of ₹3,115.20 crore in Mar 2026, compared with ₹3,086.16 crore in Dec 2025, reflecting an increase of 0.94% on a QoQ basis.
- The earnings per share (EPS) of Indian Bank stood at ₹86.89 during Mar 2026.
