The Indiana men's basketball team is the NCAA Division I representative for Indiana University Bloomington. It is also a member of the Big Ten Conference. Indiana plays their home games at Simon Skjodt Assembly Hall. The home venue is on the IU Bloomington campus's Branch McCracken Court in Bloomington, Indiana.

Under coaches Branch McCracken and Bob Knight, Indiana men's basketball has won five NCAA titles (1940, 1953, 1976, 1981, 1987). Indiana's 1976 team has been the last unbeaten national men's college basketball champion.

The Hoosiers are ranked No. 6 in total NCAA Tournament appearances, No. 7 in NCAA Tournament wins, No. 8 in Final Four appearances, and 10th in overall wins. The Hoosiers' 22 Big Ten titles are second only to Purdue's 33 in league history.

A 2019 analysis shows Indiana's college basketball team is the sixth most valued in the USA. Since the opening of Assembly Hall in 1972, Indiana Hoosiers have finished in the top 20 in the country for men's basketball attendance every season and frequently in the top five.

At the end of the regular season in '22–'23, the Hoosiers were rated No. 19 by the Associated Press. The squad ranked in the top 25 for 16 consecutive weeks. With a 21-10 overall record, 12-8 in Big Ten play, and the third seed in the Big Ten Conference tournament, the Hoosiers tied for second place in the Big Ten Conference. Indiana University made it to the quarterfinals but ultimately fell to Penn State in a nail-biter.

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