Is Indian Bank Nationalized

Hii sir, I Wants to know is Indian bank is a Nationalized bank or Not Will you Please tell Me ?

[pawan]

In the Indian banking scenario, most public sector banks are referred to as Nationalised Banks. This classification is, however, inaccurate. According to the IMF (International Monetary Fund), Nationalisation is defined as government taking control over assets and over a corporation, usually by acquiring the majority or the whole stake in the corporation

Yes, the Indian bank is a Nationalized bank established in 1907 and headquartered in Chennai, India. It has 20,661 employees, 2594 branches and is one of the top performing public sector banks in India.

Branches :

It has overseas branches in Colombo and Jaffna in Sri Lanka, and in Singapore, and 223 correspondent banks in 71 countries. Since 1969 the Government of India has owned the bank.

Key Financial :
Revenue
Increase₹16,243.78 crore (US$2.5 billion) (2016)

Operating income
Increase ₹3,032 crore (US$470 million) (2016)

Net income
Decrease ₹711.38 crore (US$110 million) (2016)
Total assets Increase₹203,941.09 crore (US$32 billion) (2016)

Products and Services

Consumer Banking
Corporate Banking
Finance and Insurance
Mortgage Loans
Investment Banking
Merchant Banking
Private Equity
Private Banking
Savings
wealth management
Credit Cards

Board of Directors


Board of Directors of Indian Bank

Mr. T.C. Venkat Subramanian
Non Executive Chairman


Mr. Kishor Kharat
Managing Director & Chief Executive Officer


Mr. A S Rajeev
Executive Director


Shri M.K.Bhattacharya
Executive Director


Ms. Mudita Mishra
Government Nominee Director


Mr. J.K. Dash
RBI Nominee Director


Mr. Vijay Kumar Goel
Non Official Director

Mr. Padmanaban Vittal Dass
Non-Official Director


Mr. Vinod Kumar Nagar
Shareholder Director


Contact Details :
Indian Bank, Corporate Office,
PB No: 5555, 254-260, Avvai Shanmugam Salai,
Royapettah, Chennai - 600 014