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Indian Bank
3.4
based on 377 Reviews
Video summary
Company Overview
Associated Companies
Company Locations
Working at Indian Bank
Company Summary
Overall Rating
3.4/5
based on 377 reviews
11% below
industry average
Highly rated for
Job security
Critically rated for
Work-life balance, Company culture, Work satisfaction
Work Policy
Work from office
91% employees reported
Alternate Saturday off
46% employees reported
Strict timing
69% employees reported
No travel
36% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
27 employees reported
Health insurance
21 employees reported
Professional degree assistance
8 employees reported
Cafeteria
7 employees reported
View all benefits
About Indian Bank
Founded in1907 (118 yrs old)
India Employee Count10k-50k
Global Employee Count10k-50k
India HeadquartersChennai, India
Websiteindianbank.in
Primary Industry
Other Industries
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View in video summary
Established on 15th August 1907, as part of the Swadeshi movement, Indian Bank has come a long way and today, stands as one of India’s premier public sector banks. Headquartered at Chennai, we are a strong and diverse 20,000 workforce, always committed to bring the best of conventional and contemporary banking to you. With a vast national footprint and robust international connections via correspondent banks in 72 countries besides branch presence in Singapore and Sri Lanka, we serve customers across the spectrum of retail, agricultural, corporate, institutional and SME domain. We have diversified banking activities with 2 subsidiary companies - Indbank Merchant Banking Services Ltd and IndBank Housing Ltd.
Deposits, Loans, Cards, Wallets, Apps, Insurance, Mutual Funds, Forex, Remittance and Wealth Management Services make up our product portfolio. We also take pride in consistently engaging with the various social and empowering pillars of the society through our Corporate Social Responsibility initiatives.
Mission: The Bank's mission is "To be a Common Man's Bank" - to provide all financial products and Services:
* Under one roof
* At affordable cost
* In a fair and transparent manner to all our customers.
Vision: To be a Competitive and Strong Bank with commitment to excellence and focus on adding value to customers, share holders and employees with adherence to best practices and core institutional values shared throughout the organisation
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Indian Bank Ratings
based on 377 reviews
Overall Rating
3.4/5
How AmbitionBox ratings work?
5
157
4
69
3
69
2
33
1
49
Category Ratings
4.1
Job security
3.4
Salary
3.1
Skill development
3.1
Promotions
2.9
Work satisfaction
2.8
Company culture
2.8
Work-life balance
Indian Bank is rated 3.4 out of 5 stars on AmbitionBox, based on 377 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Indian Bank
based on 336 reviews
3.2
Rated by 64 Women
Rated 3.9 for Job security and 3.3 for Salary
3.4
Rated by 272 Men
Rated 4.2 for Job security and 3.3 for Salary
Work Policy at Indian Bank
based on 44 reviews in last 6 months
Work from office
91%
Permanent work from home
5%
Hybrid
4%
Indian Bank Reviews
Top mentions in Indian Bank Reviews
+ 5 more
Compare Indian Bank with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.4/5 based on 377 reviews | 3.5/5 based on 11.3k reviews | 3.7/5 based on 17.4k reviews | 4.2/5 based on 11.8k reviews |
Highly Rated for | Job security | No highly rated category | No highly rated category | Skill development Work-life balance Salary |
Critically Rated for | Work-life balance Company culture Work satisfaction | Promotions Company culture Work satisfaction | Promotions | No critically rated category |
Primary Work Policy | Work from office 91% employees reported | Work from office 88% employees reported | Work from office 81% employees reported | Work from office 86% employees reported |
Rating by Women Employees | 3.2 Average rated by 64 women | 3.2 Average rated by 2.1k women | 3.6 Good rated by 3.9k women | 4.2 Good rated by 1.3k women |
Rating by Men Employees | 3.4 Average rated by 272 men | 3.5 Good rated by 8.7k men | 3.8 Good rated by 12.9k men | 4.2 Good rated by 10k men |
Job security | 4.1 Good | 3.5 Good | 3.7 Good | 4.1 Good |
View more
Indian Bank Salaries
Indian Bank salaries have received with an average score of 3.4 out of 5 by 377 employees.
Branch Manager
(80 salaries)
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₹6 L/yr - ₹21.9 L/yr
Chief Manager
(72 salaries)
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₹12.5 L/yr - ₹40 L/yr
Credit Manager
(38 salaries)
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₹9 L/yr - ₹17 L/yr
Clerk
(25 salaries)
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₹2 L/yr - ₹9.4 L/yr
Assistant Branch Manager
(21 salaries)
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₹7.5 L/yr - ₹13 L/yr
Senior Manager Credit
(19 salaries)
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₹14.2 L/yr - ₹21.5 L/yr
Branch Head
(17 salaries)
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₹9.1 L/yr - ₹25 L/yr
Sub Staff
(13 salaries)
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₹1 L/yr - ₹2.5 L/yr
Bank Manager
(12 salaries)
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₹6 L/yr - ₹20 L/yr
Assistant General Manager
(11 salaries)
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₹25.6 L/yr - ₹50 L/yr
Indian Bank News
View all
Deadline Approaching: Special Fixed Deposit Schemes From These Banks End On March 31
- The deadline to avail of special fixed deposit schemes offered by certain banks is March 31.
- State Bank of India offers two special FD schemes, namely Amrit Vrishti FD and Amrit Kalash FD with attractive interest rates.
- IDBI Bank's Utsav Callable FD provides varying interest rates based on the deposit tenure, with the last date to invest being March 31.
- Indian Bank is offering two special FD schemes with competitive interest rates, IND Super (400 Days) and IND Supreme (300 Days), available for investment until March 31.
Bloomberg Quint | 25 Mar, 2025
Indian Bank To Raise Rs 5,000 Crore Via Additional Long-Term Infra Bond
- Indian Bank's board of directors approved a proposal to raise an additional long-term infrastructure bond of up to Rs 5,000 crore.
- The funds are in addition to the Rs 10,000 crore already raised by the bank in the current fiscal.
- Indian Bank reported a 35% rise in net profit to Rs 2,852 crore for the third quarter of the current fiscal.
- Shares of Indian Bank closed 1.71% higher at Rs 534.25 apiece on the National Stock Exchange.
Bloomberg Quint | 21 Mar, 2025
Indian Bank to add 300 branches, strengthen leadership development & boost CASA growth
- Indian Bank plans to expand its branch network by adding 300 new branches over the next three years to drive business growth and increase market presence.
- The bank is launching a leadership development programme for about 400 employees to enhance competitiveness and strengthen its leadership pipeline.
- Indian Bank aims to strengthen its CASA growth by increasing the Current Account Savings Account (CASA) ratio to 42% from the current 40%.
- To achieve CASA growth, the bank has expanded its Resource Acquisition Centers (RACs) and set up Resource and Government Relationship (R&G) Centers.
HinduBusinessLine | 4 Feb, 2025
Indian Bank posts 35% rise in Q3 profit at ₹2852 crore on higher income & lower provisions
- Indian Bank's net profit for Q3FY25 rose by 35% to ₹2,852 crore.
- Operating profit increased by 16% to ₹4,749 crore, supported by a 10% rise in net interest income.
- Provisions declined by 21.5% to ₹1,059 crore, and asset quality improved with a decrease in gross and net NPAs.
- Domestic advances increased by 9.7% to ₹5,20,224 crore, and domestic deposits grew by 6.7% to ₹6,71,577 crore.
HinduBusinessLine | 29 Jan, 2025
Indian Bank Shares Jump After Q3 Net Profit Rises 35%
- Indian Bank's shares rose over 7% after reporting a 35% YoY growth in net profit in Q3.
- Standalone net profit for the quarter was Rs 2,852 crore, compared to Rs 2,119 crore in the previous year.
- Net interest income increased by 10% to Rs 6,415 crore.
- Asset quality improved, with gross NPA ratio declining to 3.26% and net NPA ratio improving to 0.21%.
Bloomberg Quint | 29 Jan, 2025
Stocks that will see action today: January 17
- Binod Kumar has taken over as the MD and CEO of Indian Bank, succeeding Shanti Lal Jain.
- Bajaj Healthcare Ltd has received exclusive rights for the manufacture and distribution of Magnesium L Threonate in India.
- Ravindra Energy has received a Letter of Award from MSEDCL to develop and operate 44 MW of decentralised feeder level PV solar projects.
- Bharat Petroleum Corporation Ltd has executed a loan agreement of ₹31,802 crore with State Bank of India consortium.
HinduBusinessLine | 17 Jan, 2025
Six Stocks In News At Noon: L&T Tech, RVNL, PNB, Trent And More
- L&T Technology Services Ltd. (L&T Tech) shares rose 7.84% after it released its third-quarter results.
- Punjab National Bank and Indian Bank shares rose over 2% after the appointment of new managing directors and chief executive officers.
- Rail Vikas Nigam Ltd. (RVNL) shares surged over 9% after receiving an order worth Rs 3,622 crore.
- Trent Ltd. shares decreased by 2.65% following a 'sell' call from Kotak Securities.
- Punjab & Sind Bank shares increased by 7.97% after reporting a two-fold rise in net profit.
Bloomberg Quint | 16 Jan, 2025
Motilal Oswal Reiterates 'Buy' On Indian Bank On Reasonable Valuations
- Motilal Oswal reiterates 'Buy' on Indian Bank on reasonable valuations
- Indian Bank remains Motilal Oswal's preferred stock among the mid-size PSU banks.
Bloomberg Quint | 3 Dec, 2024
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Indian Bank On Track To Reduce Bad Loans With Improved Recovery, Says CEO Shanti Lal Jain
- Indian Bank is on track to reduce its non-performing assets in the upcoming quarters
- Improved recovery and reduction in slippage rate will contribute to further reductions in gross NPAs
- In the September quarter, the bank's gross NPAs decreased to Rs 20,302 crore
- The bank's net interest income rose 8% YoY to Rs 6,194 crore in Q2
Bloomberg Quint | 30 Oct, 2024
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Indian Bank Subsidiaries
Pallavan Grama Bank
3.5
• 4 reviews
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Indian Bank FAQs
When was Indian Bank founded?
Indian Bank was founded in 1907. The company has been operating for 118 years primarily in the Banking sector.
Where is the Indian Bank headquarters located?
Indian Bank is headquartered in Chennai. It operates in 2 cities such as Chennai, Mumbai. To explore all the office locations, visit Indian Bank locations.
How many employees does Indian Bank have in India?
Indian Bank currently has more than 41,000+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in Indian Bank based on the number of reviews submitted on AmbitionBox.
Does Indian Bank have good work-life balance?
Indian Bank has a work-life balance rating of 2.8 out of 5 based on 300+ employee reviews on AmbitionBox. 40% employees rated Indian Bank 3 or below for work-life balance. This rating reflects a negative sentiment among employees for work-life balance. We encourage you to read Indian Bank work-life balance reviews for more details
Is Indian Bank good for career growth?
Career growth at Indian Bank is rated as moderate, with a promotions and appraisal rating of 3.1. 40% employees rated Indian Bank 3 or below, while 60% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Indian Bank promotions/appraisals reviews for more detailed insights.
What are the pros and cons of working in Indian Bank?
Working at Indian Bank comes with several advantages and disadvantages. It is highly rated for job security. However, it is poorly rated for work life balance, company culture and work satisfaction, based on 300+ employee reviews on AmbitionBox.
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