Indian Bank

Indian Bank is a state-owned banking institution headquartered in Chennai, India, and has been under government ownership since 1969. Established in 1907, it operates over two thousand branches across the country, offering a variety of financial services. These include agricultural loans, personal home loans, vehicle loans, plot loans, pension loans, and educational loans. The bank also provides modern banking facilities such as internet banking, mobile banking, and ATM services, along with credit, debit, and prepaid cards. In addition to traditional banking services, Indian Bank offers wealth management solutions and has expanded its operations internationally, with a presence in Singapore and Sri Lanka. The governance of the bank is overseen by a board of directors.

Shiv Bajrang Singh

Executive Director

Past deals in Retail Lending

Allahabad Bank

Acquisition in 2021
Allahabad Bank, established on April 24, 1865, is a nationalized commercial bank headquartered in Kolkata, India. It was the oldest joint stock bank in the country, providing a wide range of banking products and services both domestically and internationally. The bank operated through four main segments: Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Business. It offered various deposit products, including savings and current accounts, term deposits, and recurring deposits. Additionally, Allahabad Bank provided diverse loan options such as housing loans, vehicle loans, education loans, and commercial financing, alongside agriculture and small business loans. The bank also facilitated international banking services, cash management, and insurance products. With approximately 3,229 branches in India and one branch in Hong Kong, along with 836 ATMs, Allahabad Bank played a significant role in the Indian banking sector until its acquisition by Indian Bank in March 2020.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.