How to download Indian Bank Sample papers?
Indian Bank Clerical Exam Sample Papers
Indian bank was established on 15th August 1907 with his headquarter at Chennai. The bank was then recognized as a part of Swadeshi movement. Chettiar founders of the bank decided first that the bank would open branches in the cities having high Chettiar population. Thus following own principles, Indian bank opened its branch in Colombo in 1932.
Colombo branch was followed by jaffra branch which was immediately closed down in 4 years. Same thing happened with Rangoon branch which was closed down in a year. In 1941, IB opened branches in Singapore, Kuala Lumpur, Ipoh and Penang. In 1942, Colombo branch was closed which was reopened in 1948 after WWII. After independence, IB acquired Mannargudi bank and Salem bank.
Indian bank was one of the 14 banks that were nationalized in 1969. In 1980, IB established IUB International finance including Bank of Baroda and Union Bank. Bank completed its first 100 years in 2007. Dedicated services of 22,000 employs have made the bank reliable and popular in customers. Total business of IB crossed the mark of Rs. 1, 24,413 as on 31st march 2009.
Along with banking, IB is also active in 3 subsidiaries companies. These are Indbank Merchant Banking Services LTD, IndBank Housing LTD and IndFund Management LTD. 1657 branches spread across the India have made operating profit of Rs. 2228.83 Crore and net profit of Rs. 1245.32 Crores in the financial year 2008-09.
Today, there are over 240 overseas branches including Foreign Currency Banking Unit at Colombo. Indian Bank is pioneer in formation of Self Help Groups in the country. Indian bank has launched Credit card and Gold Coin schemes and they also provide e-Payment facility for businessmen. With 100% Core Banking, 100% business computerization and shared network of over 40000 ATMs, IB has proved their tagline “Taking Banking Technology To Common Man”.