IB meaning in Banking ?

Indian Bank is an Indian nationalised financial services and banking company. It is under the ownership of the Ministry of Finance of the Government of India, established in 1907 and headquartered in Chennai, India. It serves over 100 million customers with 41,620 employees, 6,004 branches with 5,428 ATMs and Cash deposit machines and is one of the top performing public sector banks in India. Total business of the bank has touched ₹930,000 crore (US$120 billion) as on 31 March 2021. Bank's Information Systems and Security processes certified with ISO27001:2013 standard and is among very few Banks certified worldwide. It has overseas branches in Colombo and Singapore including a Foreign Currency Banking Unit at Colombo and Jaffna. It has 227 Overseas Correspondent banks in 75 countries. Since 1978, the Government of India has owned the bank. As per the announcement made by the Indian Finance Minister Nirmala Sitharaman on 30 August 2019, Allahabad Bank merged from 1 April 2020, making it the seventh largest bank in the country.