Indian Bank is one of the famous bank in India that arose as a result of the Swadeshi Movement during the British Raj. The bank was established on August 15, 1907. One of the main figures associated with the establishment of the bank was V. Krishnaswamy Iyer, lawyer of Madras (now Chennai). The bank soon spread its wings out of India as well, and opened its branch in Colombo, Sri Lanka in 1932 and Rangoon, Burma in 1940. The bank was later nationalized by the Government of India in the year 1969.
Indian Bank offers a wide variety of banking products and services to its clients, including various deposit systems, loan options, financial services, stock investment services and a number of specialized services such as remittances, collections, 7-day bank branches , Transfer of funds. As of April 2009, the bank has Core Banking Solution (CBS) implemented in its 1642 branches and 66 extension counters. The bank has 755 ATMs installed in 225 locations across the country.