India’s TOP 500 Companies 2021

INDIA’S TOP 500 COMPANIES 2021 203 Advertorial About the company Indian Bank is one of the leading public sector banks in India. Incorporated in 1907 as part of the Swadeshi movement, it originally commenced operations from erstwhile Madras with an authorized capital of ` 2 million. Over the next century, it grew by leaps and bounds and in 2007, went public with its first IPO. Due to its consistent good performance and profit for 19 years, taking its overall business to breach the ` 4 trillion mark, it emerged as one of the 4 acquiring banks in the mega bank consolidation exercise undertaken by Finance Ministry in July 2019 that merged 10 banks to form 4 large banks. On 1st April 2020, Allahabad Bank amalgamated with Indian Bank, making the combined entity the nation’s 7th largest PSB. Indian Bank, today, with business of ` 9.28 trillion upwards, serves its 141 million customers with a strong pan-India network of over 6000 branches (including 3 overseas branches) and 5400 ATMs & BNAs (Bunch Note Acceptors) besides and 9095 business correspondents. Business Overview Keeping with its mission of being responsive to the unique needs of every customer, Indian Bank offers banking solutions to people / units from all walks of life including retail, corporate, institution, agriculture, MSME, SHG, entrepreneur and NRI. Deposits, Loans, Cards, Wallets, Apps, Insurance, Mutual Funds, Forex, Remittance and Wealth Management Services make up its product portfolio. It was this commitment to responsiveness that made it one of the first banks in 2020 to offer loans to tide over the exigencies brought in by the COVID pandemic. In March 2020, a plethora of initiatives such as COVID emergency credit line, COVID Resolution Framework 2.0 for COVID related stressed assets of MSMEs and retail & wholesale traders and COVID emergency salary/personal loans were introduced and were well- taken by the needy sectors. SHG Lending Indian Bank has been one of the forerunners when it comes to lending to Self-Help Groups (SHGs). As of March 2020, the bank had 39 specialized Microsate branches to exclusively cater to SHGs. During FY20, credit to the tune of ` 11.49 bn was extended to 25,348 SHGs through these Microsate branches. Major highlights Some of the major highlights of the Bank’s operations in FY20 were as follows: • Total business grew by 8.4% y-o-y to ` 4.7 trillion as of Mar 31, 2020. • Return on Assets expanded to 0.26% in FY20 as compared to 0.12% in FY19. • The share of CASA-Domestic deposits in total deposits stood at 35.4% in FY20. • Total deposits (including domestic and overseas) increased by 7.5% y-o-y to ` 2.6 trillion as of Mar 31, 2020. • Net advances (including domestic & overseas net advances) rose by 9.2% to ` 1.98 trillion as on Mar 31, 2020. • Capital adequacy ratio (Basel III) stood at 14.12% as on Mar 31, 2020, as against 13.21% as on Mar 31, 2019. • The Government on 30 August 2019 announced the Amalgamation of Allahabad Bank into Indian Bank. The last leg of amalgamation was completed on 14th February 2021. 66, Rajaji Salai, Chennai - 600001, TN Website: www.indianbank.in Indian Bank Top 500 Ranking Income 53 Net Profit 115 Networth 52 Financial Snapshot (In ` mn) Total Income 247,174.3 Net Profit 7,533.6 Networth 191,014.2 Ratios NIM (%) 2.6 GNPA (%) 6.9 ROA (%) 0.3 (As on Mar 31, 2020) Management Details Managing Director & CEO Padmaja Chunduru Executive Director Shenoy Vishwanath V K Ramachandran Imran Amin Siddiqui Dun & Bradstreet D-U-N-S® No 65-025-3912 Padmaja Chunduru Managing Director & CEO Dun & Bradstreet