It derived its name from Investment and Development Bank of Malawi Limited, the original name at the time of its founding.

In June 2010, TransAfrica Holdings Limited, a private equity firm based in Mauritius divested its 41.38% shareholding in Indebank.

The government had indicated its desire to sell its interest in Indebank at an IPO on the Malawi Stock Exchange in the future.

[4] The bank's stock was owned by the following corporate entities:[5][6] The bank maintained nine (9) branches, five (5) of which, are full service branches in the metropolitan areas of Blantyre, the business capital and of Lilongwe, the political capital of Malawi.

[7] The remaining four (4) agency branches are located in the towns of Mponela, Salima, Luchenza and Karonga.