Indbank Merchant Banking Services (Indbank), established in 1989 as a subsidiary of Indian Bank, is a notable player in India's financial services sector. It stands out as the first and only public sector merchant banking subsidiary to go public. Indbank offers a wide range of financial services, including merchant banking, stock broking, depository participant services, and mutual fund distribution. It is a member of multiple stock exchanges such as NSE, BSE, and MCX-SX, and is registered with the NSDL.
The company has expanded its branch network significantly, reaching 22 offices by 2010 and establishing numerous CTCL terminals. Indbank has been innovative in launching off-shore funds in collaboration with international partners, including the Schroder Indian Communication Fund. Despite ceasing fund-based activities due to regulatory changes, Indbank remains committed to servicing its clients and managing its deposit liabilities. This expansion and diversification make Indbank a key player in India's financial services industry.
