Indian Bank is a state-owned commercial bank headquartered in Mumbai, India. The bank's shares are largely owned by the Government of India.
The Indian Bank was established on July 1, 1894, under the Indian Companies Act of 1858. It was set up with an authorized capital of ₹10 million and a paid-up capital of ₹5 million. The bank opened its first branch in March 1895 at Cawnpore in present-day Uttar Pradesh and had only five branches at the time of opening.
The Indian Bank is one of the oldest banks in India and has been instrumental in developing the banking industry in India.
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