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Answer: Yes, Indian bank is a government bank.
Indeed, Indian Bank is a government-owned financial institution. 1907 marked the beginning of Indian Bank’s operations.
The company’s headquarters is located in Chennai. In 1978, the Indian Government took full control of the Indian Bank and became its owner.
The seventh-largest bank in India is known simply as “Indian Bank.”
The Government of India made the announcement on the 30th of August 2019, that they would be merging Indian Bank and Allahabad Bank.
After the completion of the merger on the first of April in the year 2020, Allahabad Bank became a subsidiary of Indian Bank.
