Indian Bank is a significant nationalized bank. It is owned by the Government of India’s Ministry of Finance.
It was founded in 1907 and is based in Chennai, India. With 41,620 employees, 6,004 branches, 5,428 ATMs, and cash deposit machines, it serves over 100 million customers and is one of India’s top-performing public sector banks. As of March 31, 2021, the bank’s total business had reached 930,000 crores (US$120 billion). The bank’s information systems and security processes have been certified with the ISO27001:2013 standard, making it one of the few banks to do so. It has overseas branches in Colombo and Singapore and a Foreign Currency Banking Unit in Jaffna and Colombo. It has 227 Overseas Correspondent Banks in 75 different countries.
Since 1978, the bank has been owned by the Government of India. According to an announcement made by Indian Finance Minister Nirmala Sitharaman on August 30, 2019, Allahabad Bank would combine on April 1, 2020, making it the seventh-largest bank in the country.
As part of Azadi Ka Amrit Mahotsav and International Women’s Day celebrations, Indian Bank conducted sports meet at Chennai on 06.03.2022. The women staff members participated across multiple sports like Badminton, Table Tennis, etc. and the top management of the Bank encouraged them. Shri S L Jain, MD& CEO along with EDs, Shri V.V. Shenoy, Shri. Imran Amin Siddiqui and Shri. Ashwani Kumar and their spouses awarded the medal to the winners. Other executives, staff and their family members were also present during the occasion.
This article was shared with Prittle Prattle News as a Press Release.
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