Indian Bank is a mid-sized public sector bank headquartered in Chennai, Tamil Nadu — now significantly enlarged after absorbing Allahabad Bank in April 2020. Founded in 1907, it is owned by the Government of India and listed on BSE and NSE. Indian Bank has strong presence in South India and is known for its retail and MSME banking focus.
Indian Bank — Key Facts (2026)
| Founded | 1907 — Chennai, Tamil Nadu |
| Owner | Government of India ~79% |
| MD & CEO | Shanti Lal Jain |
| Listed | BSE: 532814 | NSE: INDIANB |
| Absorbed | Allahabad Bank — April 2020 |
Who Owns Indian Bank?
Indian Bank is owned by the Government of India with approximately 79% stake. Listed on BSE and NSE. In April 2020, Indian Bank absorbed Allahabad Bank (one of India’s oldest banks, founded 1865 in Prayagraj) as part of the Finance Ministry’s 10-bank PSU consolidation. Post-merger, Indian Bank significantly expanded its branch and customer base. Official: indianbank.in.
