22000 employees in over 1600 branches taking banking technology to the common man. What started in1907 as a part of the Swadeshi movement is today grown into a Rs 1,24,000 crore business. Welcome to the world of Indian bank.
The bank share its birth date with India’s Independence day. From that day in 1907 it has grown to become a highly profitable (1250 crore profits as on 31 March 2009). The bank has foreign operations in Singapore and Colombo and 240 overseas correspondent banks in 70 countries.
Today the bank has three subsidiary companies in the Financial Services domain by the names, Indbank Merchant Banking Services Ltd, IndBank Housing Ltd and IndFund Management Ltd. The bank prides itself in achieving 100 Core banking solutions enabled branches with over 168 locations covered by “anywhere” banking.
The bank has over 45 loan products for lending to customers. Many of these are branded “IB” or “IND”. IB Vehicle loan, Ind Mortgage loan, IB Professional special are some of its loan products.
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