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Indian Bank IFSC Code and MICR Code:

Indian Bank state wise list of all branches, IFSC code, MICR code and Addresses within India

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Indian Bank IFSC Code

About Indian Bank

Indian bank is one of the premier Indian banking institutions. It perfectly works under the Indian government. It was established in a successful manner in the year 1907. It is to be remembered that it was an integral part of the nations Swadeshi Movement to a great extent. It has approximately 2500 branches in India. It also has representative offices in many other countries.

This particular bank largely holds immense significance in the countrys banking industry. On the other hand, this bank provides all kinds of services to its esteemed customers. Its net banking facility is popular among its customers as it allows of transfer money using basic information and just an IFSC code.

Features of Indian Bank

• Indian Bank is an Indian state-owned financial services company
• Its head quarter is located in Chennai, in the state of Tamil Nadu.
• It comes with 2500 branches in India and has 20464 employees.
• It has overseas branches in Singapore, in Jaffna and Colombo in Sri Lanka plus 229 correspondent banks in 69 countries.
• It is owned by the Government of India from 1969.
• It provides products such as Consumer Banking, Corporate Banking, Finance and Insurance, Mortgage Loans, Investment Banking, Merchant Banking, Private Equity, Private Banking, Savings and Credit Cards.

Indian Bank IFSC Code and MICR code

The IFSC code of the Indian Bank is meant for rightly powering electronic payment options such as RTGS and NEFT that function largely under the Reserve Bank of India (RBI). It is to be noted that both these option are the best when it actually comes to electronically transferring money from one particular account to given another. This eleven character code is special for every branch in that the initial four digits represent the bank. On the other hand, 5th digit is 0 by default plus the last six represent the branch. IDIB0****** is the IFSC code for Indian Bank which is successfully used by a number of esteemed customers across the country for the main purpose of transferring money through online.

How to Search Indian Bank IFSC and MICR Codes?

It is actually much easy to find complete details and information regarding all the major Indian bank branches within few clicks. The important steps which you have to strictly follow in order to search for the Indian bank IFSC and MICR codes are given below:
• The drop down search menu helps to begin searching for the IFSC code of any Indian bank branch.
• Then enter the state, city and district name where the branch is located.
• When you have filled up all the search fields, you need to directly click the search button in order to get the results.
• Once when you have done it then all the essential information and details regarding the branch phone numbers, address, IFSC code and MICR code.

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Indian Bank IFSC Code News:

Indian Bank, Gulf Oil Lubricants are listed as the ones to set the stocks high

Indian Bank and Gulf Oil Lubricants fall among those 52 stocks that are soaring high during the intra-day.

Whether it is Asian Paints Limited or Adhunik Industries or Blue Star Limited, they all set fly high with happy colors as they enlisted their name successfully among the 52 stocks. There are others like Birla Cotsyn from India alongside Indian Bank and Gulf Oil Lubricants who have successfully enlisted their name onto the list.

At the end of the day the Bombay Stock Exchange is ended with a 17 points gain to close at 27,900. It has touched the highest of the intra-day as high as 27,922 and the lowest as 27,628The National Stock Exchange also closed at a gain of 6 points at the end of the day to close at 8551 points. It opened at 8600 and soared as high as 8601 and the downfall is also recorded as 8518Overall, it was a day of soaring high for the both stocks exchanges. And for Indian Bank and Gulf Oil Lubricants it is a great day to fly high in the stock exchange, which for sure gave them a broad smile.

2016/08/09 08:38 AM

Fitch Ratings to withdraw its Indian Bank rating

Rating firm Fitch Ratings said that it has plans to withdraw the ratings about Indian Bank for commercial reasons by August 8.

What does a withdrawn rating mean in the parlance of Fitch Ratings?

It means that Fitch Ratings will no longer rate the issue or issuer. In the rating database the rating will be indicated as WD. The various reasons behind this rating could be that the entity has gone through a merger or through a bankruptcy.

The rating agency said that it has the sole discretion to either maintain or withdraw its rating for any reason that it may deem fit. The rating agency also said that investors are benefitted  by these ratings and it has given a 30 day notice to Indian Bank before its ratings are withdrawn .

2016/07/14 08:25 AM

In Karaikal Port, Indian Bank takes controlling stake

It is to be highly noted that an Indian bank – extended consortium of approximately 12 number of state-owned banks had lent a huge amount of money to Marg ltd which is a Infrastructure and real estate firm for successfully building the port. At present the loan outstanding is nearly 1, 800 crore which is both principal and interest. It is to be remembered that citing repayment defaults, this is the initial instance of a major bank immediately taking over ownership in majority level of a port. Marg Ltd has lost total control of a port that it successfully built at Karaikal in Union territory of Puducherry to Indian Bank which is a state-owned bank in the open market.

In this situation, circumstance and condition, Indian Bank has become owner of Karaikal Port Pvt Ltd in the majority phase. At present, this entity runs the port in a successful manner located at Karaikal, just after perfectly invoking the shares that were pledged with it by the actual promoters that is the Chennai-based Marg Ltd, plus due to a major default in loan repayments after serious intimation. The Reserve Bank of India (RBI) requested all the banks to immediately clean up their books ahead of a March 2017 deadline. This particular step was based on these RBI norms. This bank with effect classified the Marg Ltd taken loan as a non-performing asset (NPA) just after Karaikal Port largely defaulted on repayment of loan. As per the official announcement Indian Bank at present holds 9.85% CCPS and 52.46% equity in Karaikal Port Pvt Ltd.

2016/02/26 04:57 AM

Under MUDRA scheme, Indian Bank provides loan for 30,768 people

At the Government Industrial Training Institute for Women, located at Vambakeerapalayam, in the Union Territory of Puducherry, District Collector D. Manikandan wholeheartedly distributes a cheque under the Pradhan Mantri MUDRA (Micro Units Development and Refinance Agency) Yojana to a beneficiary. Under the Centres programme, Rs.165.30 crore disbursed largely since its successful launch in April last. It is to be remembered that the MUDRA loans largely target non-corporate small businesses. On the other hand, it aims to perfectly encourage entrepreneurship to a great extent.

It is to be highly noted that 30,768 people have rightly availed themselves of this particular loans under the MUDRA scheme. This news updated was mentioned by Anbu Kamal Raj, Lead District Bank Manager, Indian Bank. At the ITI, a MUDRA awareness programme was also held in a successful manner for students and alumni. He also cited that many small-scale entrepreneurs arent aware of this particular scheme in the open market. They can avail loan from Rs.5, 000 to Rs.10 lakh.

The Union Cabinet has proudly approved the setting up of credit guarantee funds in order to facilitate the loans under the particular scheme. Under MUDRA, the categories loan includes Kishor category (loans above 50,000, up to Rs. 5 lakh), the Shishu category (covering loans up to Rs. 50,000) plus the Tarun category (loans above Rs. 5 lakh up to Rs. 10 lakh). In the country, approximately 1.73 crore persons are said to have largely benefitted from the scheme so far.

2016/02/01 10:03 PM

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