INDIAN BANK (BSE: 523465, NSE: INDIANB) is an Indian state-owned financial services company headquartered in Chennai, India. It has 22,000 employees, 1923 branches and is one of the big public sector banks of India. It has overseas branches in Colombo, Jaffna, Sri Lanka, Singapore, and 229 correspondent banks in 69 countries. Since 1969 the Government of India has owned the bank, which celebrated its centenary in 2007. It is the only Indian Bank other than State Bank of India to feature in the List of Fortune 500 Companies in the World.
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“We had not gone far before I was startled by seeing what I thought was an Indian encampment, covered with a red flag, on the bank, and exclaimed, “Camp!” to my comrades. I was slow to discover that it was a red maple changed by the frost.”
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“A bank is a confidence trick. If you put up the right signs, the wizards of finance themselves will come in and ask you to take their money.”
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