Indian Bank – SWIFT codes in India

Indian Bank – SWIFT codes in India



Current Status and Market Position

As of 2021, Indian Bank has a network of over 6,000 branches and more than 5,000 ATMs across India. The bank has a strong customer base of over 100 million, comprising individuals, small and medium enterprises, and large corporations. Indian Bank’s market share in the public sector banking space has been steadily increasing, thanks to its customer-centric approach and innovative offerings.

Products and Services

Indian Bank offers a wide range of products and services to cater to the diverse needs of its customers. Let’s take a closer look at some of the key offerings:

Personal Banking

  1. Savings Accounts: Indian Bank offers various savings account options, such as regular savings accounts, salary accounts, and senior citizen accounts, with attractive interest rates and features.
  2. Current Accounts: The bank provides current accounts for individuals and businesses, offering convenient banking solutions for day-to-day transactions.
  3. Fixed Deposits: Customers can invest their money in fixed deposits with Indian Bank, earning competitive interest rates and enjoying flexible tenures.
  4. Loans: Indian Bank offers a variety of loan products, including home loans, personal loans, vehicle loans, and education loans, to help customers meet their financial goals.

Corporate Banking

  1. Working Capital Finance: Indian Bank provides working capital finance to businesses to help them meet their short-term financial requirements.
  2. Term Loans: The bank offers term loans for business expansion, capital expenditure, and other long-term financial needs.
  3. Trade Finance: Indian Bank supports businesses engaged in international trade by providing trade finance solutions, such as letter of credit, bank guarantees, and export credit.
  4. Cash Management Services: The bank offers cash management services to help corporates manage their cash flows efficiently.

Digital Banking

  1. Internet Banking: Customers can access their accounts, transfer funds, pay bills, and perform various banking transactions online through Indian Bank’s internet banking facility.
  2. Mobile Banking: The bank’s mobile banking app allows customers to bank on the go, with features like account balance check, fund transfers, and mobile recharges.
  3. UPI Payments: Indian Bank supports UPI (Unified Payments Interface) payments, enabling customers to send and receive money instantly using their mobile phones.
  4. Digital Wallets: The bank offers digital wallet solutions, allowing customers to store money electronically and make cashless transactions.

Financial Performance

Indian Bank has been consistently delivering strong financial performance over the years. In FY 2020-21, the bank reported a net profit of Rs. 3,005 crore, a significant increase from the previous year. The bank’s total business (deposits + advances) stood at Rs. 9.28 lakh crore, reflecting a healthy growth rate.

Indian Bank has also been focusing on improving its asset quality and reducing non-performing assets (NPAs). The bank’s gross NPA ratio stood at 9.85% as of March 2021, down from 11.39% in the previous year. The bank has implemented various measures to strengthen its NPA management and recovery processes.

Corporate Social Responsibility

Indian Bank is committed to contributing to the socio-economic development of the communities it serves. The bank undertakes various CSR initiatives focusing on education, healthcare, and environmental sustainability.

  1. Education Initiatives: Indian Bank supports education by providing scholarships to meritorious students, setting up computer labs in schools, and organizing financial literacy programs.
  2. Healthcare Projects: The bank contributes to healthcare by organizing health camps, supporting the construction of hospitals and clinics, and providing medical equipment to healthcare facilities.
  3. Environmental Sustainability: Indian Bank promotes environmental sustainability by supporting projects related to renewable energy, waste management, and conservation of natural resources.

Future Outlook

Indian Bank has ambitious plans for the future, focusing on expansion, technological advancements, and addressing challenges and opportunities in the banking sector.

  1. Expansion Plans: The bank aims to expand its presence across India by opening new branches and ATMs, particularly in unbanked and underbanked areas.
  2. Technological Advancements: Indian Bank is investing in cutting-edge technologies to enhance its digital banking offerings, improve operational efficiency, and provide a seamless banking experience to customers.
  3. Challenges and Opportunities: The banking sector in India faces challenges such as increasing competition, changing customer preferences, and regulatory requirements. However, Indian Bank is well-positioned to capitalize on opportunities such as the growing demand for digital banking services and the increasing financial inclusion in the country.


Indian Bank has a long-standing history of serving the banking needs of millions of customers across India. With its strong market position, diverse product offerings, robust financial performance, and commitment to corporate social responsibility, Indian Bank is poised for continued growth and success in the future.


  1. What is the minimum balance required to open a savings account with Indian Bank? The minimum balance required varies depending on the type of savings account. For a regular savings account, the minimum balance is Rs. 1,000.
  2. How can I apply for a loan with Indian Bank? You can apply for a loan with Indian Bank by visiting your nearest branch or by applying online through the bank’s website. You will need to provide the necessary documents and meet the eligibility criteria.
  3. What is the process for registering for internet banking with Indian Bank? To register for internet banking, you need to visit your nearest Indian Bank branch and fill out the internet banking registration form. You will receive your login credentials after the bank processes your request.
  4. Does Indian Bank offer mobile banking services? Yes, Indian Bank offers mobile banking services through its mobile banking app, which is available for both Android and iOS devices. The app allows customers to perform various banking transactions on the go.
  5. How can I contact Indian Bank’s customer support? You can contact Indian Bank’s customer support by calling their toll-free number 1800 425 00000 or by sending an email to [email protected]. You can also visit your nearest Indian Bank branch for assistance.

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