About Indian Bank :
Indian Bank is an Indian state-owned financial services company established in 1907 and headquartered in Chennai, India. It has 20,924 employees, 2900 branches with 2861 ATMs and 1014 cash deposit machines and is one of the top performing public sector banks in India.
Government of India has owned the bank. As per the announcement made by the Indian Finance Minister Nirmala Sitharaman on 30 August 2019, Indian Bank will be anchor bank for the Kolkata-based Allahabad Bank, and this merger is expected to come on force from 1 April 2020, making it the seventh largest bank in the country.