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Bank’s Profile
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INDIAN BANK MUTUAL FUND

Bank’s Profile
A BRIEF HISTORY OF THE BANK SINCE ITS INCORPORATION
· Bank was incorporated on March 5, 1907 with an Authorized Capital of Rs 20 lakhs and
commenced its business on August 15, 1907.
1907 Ask ADYA
· In the year 1907, the Indian Bank Ltd. had the tree ‘Banyan’ as a part of its emblem denoting
an all-around progress, growth (far and wide) and an ever-increasing prosperity.

1921 · Bank’s capital was raised to Rs 60 lakhs from Rs 20 lakhs.

 · Bank celebrated its Silver Jubilee.
1932
· Bank opened its first overseas operations in Colombo.

1941 · Singapore branch was opened.

1957 · Bank celebrated its Golden Jubilee.

1967 · Bank celebrated its Diamond Jubilee.

· Bank’s logo comprising of three circling arrows arranged around a central point was
1978
approved.

1982 · Bank celebrated its Platinum Jubilee.

1990 · Bank of Thanjavur Ltd. (BoT) with 157 branches was amalgamated with the Bank.

· The centenary year celebration was inaugurated by His Excellency the President of India
2006
Shri. A P J Abdul Kalam on 4th September.

2007 · Bank went in for Initial Public Offer in February 2007.

2008 · Achieved 100 per cent Core Banking Solutions (CBS) compliant. Lodge a
Complaint
· Tamil Nadu Grama Bank’ commenced operations on 1st April 2019 after a successful
amalgamation of Pandyan Grama Bank of Indian Overseas Bank with Bank’s Pallavan
Net Banking
Grama Bank.
2019
· Government of India announced Amalgamation of Allahabad Bank – a bank with 155 years
NRI, Trade
legacy into Indian Bank.
& FOREX

· Bank commenced its operation as an amalgamated entity from 1st April 2020. The Ind Advantage
2020
integration of CBS systems of both the Banks was completed on 14.02.2021. (Reward Program)

2022 · Bank’s Global Business surpassed Rs 10 lakh Crores.

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2023 · Bank’s Global Business was at Rs 10.95 lakh Crores. Banking
2024 · Bank’s Global Business surpassed ₹12 lakh Crore
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Q2FY25 · Bank’s Global Business stood at ₹12.44 lakh Crore Download

Branch Network and other touch points

as on 30.09.2024

Domestic branches: 5856 (Including 3 DBUs) Overseas

branches: 3 & IBU: 1

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 ATMs & BNAs: 5217 Business
Correspondents: 12993 Lodge a
Complaint

Net Banking
Bank’s Performance as on 30.09.2024
NRI, Trade
& FOREX
Assets and Liabilities
Ind Advantage
 Total Deposits increased by 8% YoY and reached to ₹6.93 lakh Cr in Program)
(Reward

Sep’24 as against ₹6.41 lakh Cr in Sep’23. Current, Savings & CASA

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Banking
deposits grew by 8%, 4%, and 5% YoY respectively.
Forms
 Domestic CASA ratio stood at 40.47% as on 30thSep’24. Download

 Gross Advances increased by 12% YoY to ₹5.51 lakh Cr in Sep’24

from ₹4.92 lakh Cr in Sep’23.

 RAM (Retail, Agriculture & MSME) advances grew by 14% YoY to

₹325050 Cr in Sep’24 from ₹285891 Cr in Sep’23.

 RAM contribution to gross domestic advances stood at 63%. Retail,

Agri & MSME advances grew by 15%, 16% and 8% YoY respectively.
Home Loan (including mortgage) grew by 14% YoY in Sep’24.

 Priority sector advances as a percentage of ANBC stood above 44%

at ₹188348 Cr in Sep’24 as against the regulatory requirement of 40%.

Capital Adequacy Ask ADYA

 Capital Adequacy Ratio improved by 102 bps to 16.55%. CET-I
improved by 144 bps YoY to 13.51%, Tier I Capital improved by 138 bps
YoY to 14.01% in Sep’24.

Asset Quality

 GNPA decreased by 149 bps YoY to 3.48% in Sep’24 from 4.97% in

Sep’23, NNPA reduced by 33 bps to 0.27% in Sep’24 from 0.60% in
Sep’23.

 Provision Coverage Ratio (PCR, including TWO) improved by 196 Lodge

bps a
Complaint
YoY to 97.60% in Sep’24 from 95.64% in Sep’23.
Net Banking
Operating Profit and Net Profit
NRI, Trade
 Net Profit up by 36% YoY at ₹2707 Cr in Q2FY25 from ₹1988 Cr& in
FOREX

Q2FY24. Ind Advantage

(Reward Program)
 Operating Profit improved by 10% YoY to ₹4728 Cr in Q2FY25 from
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₹4303 Cr in Q2FY24. Banking

Forms
 Net Interest Income increased by 8% YoY to ₹6194 Cr in Sep’24 from
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₹5741 Cr in Q2FY24.

 Fee based income grew by 11% YoY to ₹891 Cr in Q2FY25 from ₹805
Cr in Q2FY24.

 Return on Assets (RoA) up by 27 bps to 1.33% in Q2FY25 from 1.06%

in Q2FY24.

Digital Banking

 Business of ₹79,059 Cr has been generated through Digital

Channels in H1FY25. A total of 102 Digital Journeys, Utilities and
Processes have been launched so far.

 Number of Mobile Banking users has grown by 20% year over year,
reaching 1.81 Cr.
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 UPI users and Net Banking Users have seen a 27% & 13% YoY
increase respectively, reaching 1.95 Cr and 1.11 Cr respectively.
 The Credit Card users increased by 50% YoY to 2.65 lakh, while the
total number of Point of Sale (PoS) terminals has increased by 56% YoY,
reaching a total of 20,904.

Financial Inclusion

 During Q2 FY25, total disbursement under SHG is ₹4492 Cr.

 The outstanding under SHG increased to ₹20790 Cr from ₹16475 Cr

registering YoY growth of 26%. Bank assisted 4.79 lakh SHG/JLGs with 56
lakh members under SHG/JLG scheme.

 Bank has achieved target under PMJDY, PMSBY and APY for the Lodge
Half a
Complaint
Year ended Sept’24.
Net Banking
 In Atal Pension Yojana (APY), during current FY 24-25 Bank added
3.16 lakhs fresh enrolments with Average Account Per Branch (AAPB)NRI,
of Trade
& FOREX
53 against proportionate target of 45 as of 30.09.2024.
Ind Advantage
(Reward Program)
( Last modified on Nov 07, 2024 at 04:11:48 PM )
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