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It commenced operations on 15 August 1907, with its head office in Parry's Building, Parry Corner, Madras. In 1932 IB opened a branch in Colombo. It opened its second branch in Ceylon in 1935 at Jaffna, but closed it in 1939. [3] . IB next opened a branch in Rangoon, Burma, in late 1940s.
1962 - The Bank acquired the Royalaseema Bank, the Bank of Alagapuri, the Salem Bank, the Mannargudi Bank and the Trichy United Bank. 1969 - The Bank was nationalized. It was appointed as the lead bank for nine. districts in the States of Tamil Nadu, Andhra Pradesh and Kerala and the Union.
1970 - The Head Office of the Bank was shifted to its own building 1981 - The first regional rural bank sponsored by the Bank, Sri Venkateswara Grameena Bank, was founded 1989 - Indbank...
The first bank of India was the “Bank of Hindustan”, established in 1770 and located in the then Indian capital, Calcutta. However, this bank failed to work and ceased operations in 1832. During the Pre Independence period over 600 banks had been registered in the country, but only a few managed to survive.
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Nov 7, 2014 · Indian Bank was started in the year 1907 and commenced banking operations on August 15, 1907. In the aftermath of the crash of the Arbuthnot Bank, several things happened.
Recovery Agents Empanelled/ Engagaed By Bank (Hindi) Policy on Determination and disclosure of Material events/ information. Policy on Appointment of SBAs – year 2023-24 (Domestic & Overseas) Policy on Appointment of Statutory Branch Auditors 2023-24 and onwards (HI) Policy on Appointment of Statutory Central Auditors (SCAs) for the year 2023 ...
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Sep 17, 2024 · Indian Overseas Bank. Founded on: 10 February 1937, MD & CEO: Ajay Kumar Srivastava; Started in 1937, the Indian Overseas Bank was initially focused on foreign exchange business.
