Indian Bank

0 standards supported

Overview

Indian Bank is BSE: 532814 + NSE: INDIANB + Indian state-owned commercial bank + one of India's largest public sector banks by assets + ~100M+ Indian customers + Allahabad Bank Apr 1 2020 amalgamation [1, in-cro].

History

Aug 15 1907 — Indian Bank founded in Chennai during Swadeshi movement distinctive Indian banking heritage.

1969 — Indian Bank nationalised by Indian government as one of 14 major Indian commercial banks.

2014 — Indian Bank mobile banking app launch.

Apr 1 2020 — Allahabad Bank Apr 1 2020 amalgamation into Indian Bank distinctive Indian banking consolidation.

2021 — IndOASIS mobile banking app launch (rebrand).

Ownership & operator

Operating entity: Indian Bank (Indian state-owned commercial bank; BSE: 532814 + NSE: INDIANB).

Major shareholders: Government of India (Ministry of Finance) ~73.84% majority + Indian retail + institutional + foreign investors free float.

Regulators: RBI.

Technical integration

IndOASIS mobile app (iOS + Android; ~100M+ Indian customers) + indianbank.in online + Indian Bank branch network across India + Singapore + Sri Lanka + Indian Bank Visa + Mastercard + RuPay cards; UPI + BharatQR + IMPS + RuPay.

Implementations & partners

Major Indian banking + payments competitors: [[sbi-yono]] (SBI YONO State Bank of India; BSE: 500112 + NSE: SBIN; India's largest commercial bank by assets) + [[hdfc-bank]] (HDFC Bank; BSE: 500180 + NSE: HDFCBANK; India's largest private commercial bank by assets) + [[icici-bank]] (ICICI iMobile Bank; BSE: 532174 + NSE: ICICIBANK) + [[axis-bank]] (Axis Bank; BSE: 532215 + NSE: AXISBANK) + [[pnb-india]] (PNB Punjab National Bank; BSE: 532461 + NSE: PNB; Indian state-owned commercial bank) + [[canara-bank]] (Canara Bank; BSE: 532483 + NSE: CANBK + Syndicate Bank Apr 1 2020 amalgamation) + [[bank-of-baroda]] (Bank of Baroda; BSE: 532134 + NSE: BANKBARODA + Vijaya Bank + Dena Bank Apr 1 2019 amalgamation) + [[union-bank-india]] (Union Bank of India; BSE: 532477 + NSE: UNIONBANK + Andhra Bank + Corporation Bank Apr 1 2020 amalgamation) + [[idbi-bank]] (IDBI Bank; BSE: 500116 + NSE: IDBI; LIC ~49.24% controlling) + [[phonepe]] (PhonePe; Walmart Flipkart subsidiary; India's largest UPI wallet by transactions) + [[google-pay-india]] (Google Pay India; India's #2 UPI wallet by transactions) + [[paytm]] (Paytm; BSE: 543396 + NSE: PAYTM; Indian super-app wallet).

Regulator: RBI.

Status

Active, BSE:532814 + NSE:INDIANB + Indian state-owned commercial bank + one of India's largest public sector banks by assets + ~100M+ Indian customers + Allahabad Bank Apr 1 2020 amalgamation [1, 2].

Sources

1 Indian Bank — official
2 Indian Bank — Wikipedia
in-cro In-corpus: reports/countries/IN-india.md

Source

Biography extracted from indian-bank.md. See matrix.md for standards-support matrix if present.