Indian Bank Share Price
Indian Bank
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About Indian Bank
Established in 1907, today, we are a family of over 141 million customers and 40000 staff members. With a 100% CBS network of 6000+ branches and 5400+ ATMs and BNAs, Indian Bank has a wide national footprint, besides foreign branches in Singapore and Colombo, along with arrangements with 640 Overseas Correspondent Banks present in 77 countries. We strive continuously to provide the best banking solutions to the people/units from all possible sectors including Corporate, Retail, Institutional, Agriculture, MSME, SHG, and NRIs. Choose from our wide range of products spanning Deposits, Loans, Cards, Wallets, Apps, Insurance, Mutual Funds, Remittances, Forex services and more.
It serves over 100 million customers with 39,734 employees, 5,721 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 ₹1,010,000 crore (US$130 billion) as on 31 March 2022. The bank's Information systems and security processes are certified to meet ISO27001:2013 standard. It has overseas branches in Colombo and Singapore including Foreign Currency Banking Units 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 Indian Bank now the seventh largest bank in the country. Click Here to know today’s Indian Bank’s share price.
It serves over 100 million customers with 39,734 employees, 5,721 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 ₹1,010,000 crore (US$130 billion) as on 31 March 2022. The bank's Information systems and security processes are certified to meet ISO27001:2013 standard. It has overseas branches in Colombo and Singapore including Foreign Currency Banking Units 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 Indian Bank now the seventh largest bank in the country. Click Here to know today’s Indian Bank’s share price.
Fundamentals of Indian Bank Shares
Market Cap |
P/E Ratio |
P/B Ratio |
Industry P/E |
|---|---|---|---|
Rs. 33209.69 Cr |
8.26 |
0.65 |
13.66 |
ROE |
EPS (TTM) |
Dividend Yield |
Book Value |
|---|---|---|---|
8.25 % |
31.67 |
2.43 % |
332.06 |
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FAQ’s
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What is the Market Cap of Indian Bank shares?
As of 20 Mar`23 the Market Cap of Indian Bank is 33209.69.
What is the PE and PB ratio of Indian Bank stock?
As of 20 Mar`23 the PE is 8.26 and PB is 0.65.
Indian Bank - Quaterly Results
Publish Date: 03/11/2022
The revenue for the September 2022 quarter is pegged at Rs. 107099.00 millions, about 13.04% up against Rs. 94745.10 millions recorded during the year-ago period.The Company has registered profit of Rs. 12252.20 millions for the quarter ended September 2022, a growth of 12.49% over Rs. 10891.70 millions millions achieved in the corresponding quarter of last year.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Interest Earned | 107099.00 | 94745.10 | 13.04 | 208635.60 | 190981.00 | 9.24 | 388562.20 | 391057.80 | -0.64 |
| Other Income | 18281.10 | 19659.10 | -7.01 | 34327.40 | 37865.90 | -9.34 | 69154.50 | 56501.90 | 22.39 |
| Interest Expended | 60259.30 | 53910.20 | 11.78 | 116456.10 | 110204.50 | 5.67 | 221282.70 | 234398.40 | -5.60 |
| Operating Expenses | 28828.30 | 28828.30 | 3.93 | 54570.60 | 51728.90 | 5.49 | 109265.00 | 103495.50 | 5.57 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prov.& Contigencies | 20585.50 | 25471.60 | -19.18 | 42774.80 | 51057.30 | -16.22 | 95126.70 | 80610.00 | 18.01 |
| Tax | 3454.80 | -3608.30 | -195.75 | 4774.90 | -6852.10 | -169.69 | -7405.90 | -991.00 | 647.32 |
| PAT | 12252.20 | 10891.70 | 12.49 | 24386.60 | 22708.30 | 7.39 | 39448.20 | 30046.80 | 31.29 |
| Equity | 12454.40 | 12454.40 | 0.00 | 12454.40 | 12454.40 | 0.00 | 12454.40 | 11293.70 | 10.28 |
| OPM | 33.89 | 34.57 | -1.98 | 34.48 | 35.04 | -1.59 | 32.73 | 28.04 | 16.71 |
Indian Bank - Quaterly Results
Publish Date: 25/01/2023
The Revenue for the quarter ended December 2022 of Rs. 118342.30 millions grew by 19.23 % from Rs. 99257.00 millions.The Net Profit of the company vaulted to 102.36% to Rs. 13957.60 millions from Rs. 6897.30 millions in the previous quarter.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Interest Earned | 118342.30 | 99257.00 | 19.23 | 326977.90 | 290238.00 | 12.66 | 388562.20 | 391057.80 | -0.64 |
| Other Income | 17164.50 | 15561.00 | 10.30 | 51491.90 | 53426.90 | -3.62 | 69154.50 | 56501.90 | 22.39 |
| Interest Expended | 63350.40 | 55305.70 | 14.55 | 179806.50 | 165510.20 | 8.64 | 221282.70 | 234398.40 | -5.60 |
| Operating Expenses | 31542.20 | 31542.20 | 18.43 | 86112.80 | 78361.60 | 9.89 | 109265.00 | 103495.50 | 5.57 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prov.& Contigencies | 25157.30 | 24930.50 | 0.91 | 67932.10 | 75987.80 | -10.60 | 95126.70 | 80610.00 | 18.01 |
| Tax | 1499.30 | 1051.80 | 42.55 | 6274.20 | -5800.30 | -208.17 | -7405.90 | -991.00 | 647.32 |
| PAT | 13957.60 | 6897.30 | 102.36 | 38344.20 | 29605.60 | 29.52 | 39448.20 | 30046.80 | 31.29 |
| Equity | 12454.40 | 12454.40 | 0.00 | 12454.40 | 12454.40 | 0.00 | 12454.40 | 11293.70 | 10.28 |
| OPM | 34.32 | 33.13 | 3.60 | 34.42 | 34.38 | 0.11 | 32.73 | 28.04 | 16.71 |
Indian Bank - Quaterly Results
Publish Date: 25/01/2023
The Revenue for the quarter ended December 2022 of Rs. 118342.30 millions grew by 19.23 % from Rs. 99257.00 millions.The Net Profit of the company vaulted to 102.36% to Rs. 13957.60 millions from Rs. 6897.30 millions in the previous quarter.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Interest Earned | 118342.30 | 99257.00 | 19.23 | 326977.90 | 290238.00 | 12.66 | 388562.20 | 391057.80 | -0.64 |
| Other Income | 17164.50 | 15561.00 | 10.30 | 51491.90 | 53426.90 | -3.62 | 69154.50 | 56501.90 | 22.39 |
| Interest Expended | 63350.40 | 55305.70 | 14.55 | 179806.50 | 165510.20 | 8.64 | 221282.70 | 234398.40 | -5.60 |
| Operating Expenses | 31542.20 | 31542.20 | 18.43 | 86112.80 | 78361.60 | 9.89 | 109265.00 | 103495.50 | 5.57 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prov.& Contigencies | 25157.30 | 24930.50 | 0.91 | 67932.10 | 75987.80 | -10.60 | 95126.70 | 80610.00 | 18.01 |
| Tax | 1499.30 | 1051.80 | 42.55 | 6274.20 | -5800.30 | -208.17 | -7405.90 | -991.00 | 647.32 |
| PAT | 13957.60 | 6897.30 | 102.36 | 38344.20 | 29605.60 | 29.52 | 39448.20 | 30046.80 | 31.29 |
| Equity | 12454.40 | 12454.40 | 0.00 | 12454.40 | 12454.40 | 0.00 | 12454.40 | 11293.70 | 10.28 |
| OPM | 34.32 | 33.13 | 3.60 | 34.42 | 34.38 | 0.11 | 32.73 | 28.04 | 16.71 |
Indian Bank gains on entering into agreement with Government of Haryana
Publish Date: 04/07/2022
As per the agreement, the bank would provide e-upi coupons to beneficiaries
Indian Bank is currently trading at Rs. 150.85, up by 1.15 points or 0.77% from its previous closing of Rs. 149.70 on the BSE.
The scrip opened at Rs. 149.10 and has touched a high and low of Rs. 151.45 and Rs. 149.00 respectively. So far 16951 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 194.80 on 26-Oct-2021 and a 52 week low of Rs. 115.15 on 23-Aug-2021.
Last one week high and low of the scrip stood at Rs. 155.55 and Rs. 146.50 respectively. The current market cap of the company is Rs. 18644.25 crore.
The promoters holding in the company stood at 79.86%, while Institutions and Non-Institutions held 12.84% and 7.30% respectively.
Indian Bank has entered into agreement with Government of Haryana towards distribution of mobile phones to consumers through e-unified payment interface system. As per the agreement, the bank would provide e-upi coupons to beneficiaries. The coupons can be redeemed without any credit or debit card allowing the customers to avail a mobile phone from a designated vendor. Mobile distribution melas would be organised by the bank in Haryana under this initiative.
Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.
Indian Bank zooms on signing MoU with Ashok Leyland
Publish Date: 17/10/2022
MoU aims to provide easy credit to micro, small and medium enterprises for the purchase of vehicles
Indian Bank is currently trading at Rs. 202.30, up by 10.05 points or 5.23% from its previous closing of Rs. 192.25 on the BSE.
The scrip opened at Rs. 191.60 and has touched a high and low of Rs. 204.10 and Rs. 191.60 respectively. So far 67304 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 211.00 on 13-Sep-2022 and a 52 week low of Rs. 130.15 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 204.10 and Rs. 191.00 respectively. The current market cap of the company is Rs. 25195.27 crore.
The promoters holding in the company stood at 79.86%, while Institutions and Non-Institutions held 13.73% and 6.42% respectively.
Indian Bank has signed a memorandum of understanding (MoU) with heavy commercial vehicle major Ashok Leyland to provide easy credit to micro, small and medium enterprises for the purchase of vehicles.
Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.
Indian Bank surges on reporting 14% rise in Q2 consolidated net profit
Publish Date: 07/11/2022
Total consolidated income of the bank increased by 10.43% to Rs 12,714.20 crore for Q2FY23
Indian Bank is currently trading at Rs. 259.45, up by 10.00 points or 4.01% from its previous closing of Rs. 249.45 on the BSE.
The scrip opened at Rs. 254.35 and has touched a high and low of Rs. 269.00 and Rs. 254.35 respectively. So far 170696 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 269.00 on 07-Nov-2022 and a 52 week low of Rs. 130.15 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 269.00 and Rs. 240.90 respectively. The current market cap of the company is Rs. 32817.37 crore.
The promoters holding in the company stood at 79.86%, while Institutions and Non-Institutions held 14.69% and 5.45% respectively.
Indian Bank has reported results for second quarter ended September 30, 2022.
The bank has reported rise of 12.49% in its net profit at Rs 1,225.22 crore for Q2FY23 as compared to Rs 1,089.17 crore for the corresponding quarter previous year. Total income of the bank increased by 9.59% to Rs 12,538.01 crore for the quarter under review as compared to Rs 11,440.42 crore for the same quarter in the previous year.
On the consolidated basis, the bank has reported rise of 14.32% in its net profit at Rs 1,287.39 crore for the quarter under review as compared to Rs 1,126.11 crore for the same quarter in the previous year. Total income of the bank increased by 10.43% to Rs 12,714.20 crore for the quarter under review as compared to Rs 11,513.70 crore for the same quarter in the previous year.
Indian Bank informs about discloure
Publish Date: 21/12/2022
Indian Bank has informed that it enclosed Disclosure under Regulation 57(1) of SEBI (LODR) Regulations, 2015- Confirmation of payment of Interest on Debt Securities on due date (ISIN-INE428A08044).
The above information is a part of company’s filings submitted to BSE.
Indian Bank jumps on introducing QR code bill payment system for CESC
Publish Date: 02/01/2023
The CESC is in the process of introducing a new type of bill generation and payment system in coordination with Indian Bank
Indian Bank is currently trading at Rs. 287.95, up by 3.20 points or 1.12% from its previous closing of Rs. 284.75 on the BSE.
The scrip opened at Rs. 287.90 and has touched a high and low of Rs. 290.50 and Rs. 284.30 respectively. So far 46007 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 306.00 on 14-Dec-2022 and a 52 week low of Rs. 130.15 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 295.95 and Rs. 269.10 respectively. The current market cap of the company is Rs. 35999.48 crore.
The promoters holding in the company stood at 79.86%, while Institutions and Non-Institutions held 14.69% and 5.45% respectively.
Indian Bank has unveiled QR code bill payment system for Chamundeshwari Electricity Supply Corporation (CESC) making it as the first power distribution company to offer such an initiative to customers in Mysuru. By using the dynamic QR code linked to the unified payments interface (UPI) on printed electricity bill, customers would be able to make their payments without visiting any online portal or physically going to any payment centre. Instant acknowledgement is issued and the QR code is disabled once the transaction is completed.
The CESC is in the process of introducing a new type of bill generation and payment system in coordination with Indian Bank besides a facility to make RTGS-NEFT payments for bulk consumers using virtual account number (VAN).
Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.
Indian Bank surges on partnering with Toyota Kirloskar Motor
Publish Date: 01/03/2023
The collaboration seeks to provide simpler financing options, hassle-free experience, and timely assistance to ensure a pleasant buying process
Indian Bank is currently trading at Rs. 265.10, up by 8.05 points or 3.13% from its previous closing of Rs. 257.05 on the BSE.
The scrip opened at Rs. 257.05 and has touched a high and low of Rs. 265.75 and Rs. 257.05 respectively. So far 38325 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 310.00 on 01-Feb-2023 and a 52 week low of Rs. 131.45 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 282.20 and Rs. 253.35 respectively. The current market cap of the company is Rs. 33060.24 crore.
The promoters holding in the company stood at 79.86%, while Institutions and Non-Institutions held 15.53% and 4.62% respectively.
Indian Bank has partnered with automaker Toyota Kirloskar Motor to offer vehicle financial options to its customers. The tie-up would offer various initiatives including 90 per cent on-road funding with no processing fee, foreclosure and party payment charges to prospective customers.
The development will now enable bank's customers, especially in the rural and semi-urban markets to buy their vehicles from Toyota Kirloskar Motor. The collaboration seeks to provide simpler financing options, hassle-free experience, and timely assistance to ensure a pleasant buying process.
Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.
Board Meeting
Publish Date: 25/01/2023
Quarterly Results
Ex Dividend
Publish Date: 14/06/2022
Rs.6.5000 per share(65%)Final Dividend
Board Meeting
Publish Date: 11/05/2022
Final Dividend & A.G.M. & Audited Results Inter alia, to consider: (ii) Recommendation of Dividend for FY 2021-22, if any; (iii) Proposal for raising of Fund / Equity Capital of the Bank through various modes viz. QIP / FPO / Rights Issue etc; (iv) Proposal for convening of Annual General Meeting of the Bank.
Board Meeting
Publish Date: 07/02/2022
Quarterly Results
Board Meeting
Publish Date: 28/10/2021
Quarterly Results
Board Meeting
Publish Date: 19/07/2021
Quarterly Results
Ex Dividend
Publish Date: 08/07/2021
Rs.2.0000 per share(20%)Final Dividend
Board Meeting
Publish Date: 28/05/2021
Final Dividend & Audited Results
Board Meeting
Publish Date: 09/03/2021
In terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation of our letter No. ISC/490/2020-21 dated 02.03.2021 as also the voting results of Extraordinary General Meeting of the Bank submitted to the Stock Exchanges on 02.03.2021 intimating therein the shareholders' approvals regarding raising of equity capital of the Bank aggregating upto '4000/- crore (including premium) through QIP/FPO/Rights Issue or in combination thereof, the Bank now informs that a meeting of Committee of Directors of the Bank is scheduled to be held on Tuesday, the 09thMarch 2021, inter-alia, to consider the modes/modalities of raising the equity capital of the Bank within the aforesaid overall limit of 24000/- crore (including premium).
Board Meeting
Publish Date: 22/01/2021
Quarterly Results & The Board of Directors of the Bank in its meeting scheduled to be held on Friday, the 22ndJanuary 2021 will also consider a proposal for raising of fund/equity capital by the Bank through QIP/FPO/Rights issue and/or in combination thereof.
Board Meeting
Publish Date: 22/10/2020
Quarterly Results
Indian Bank enters into agreement with Government of Haryana
Publish Date: 04/07/2022
As per the agreement, the bank would provide e-upi coupons to beneficiaries
Indian Bank has entered into agreement with Government of Haryana towards distribution of mobile phones to consumers through e-unified payment interface system. As per the agreement, the bank would provide e-upi coupons to beneficiaries. The coupons can be redeemed without any credit or debit card allowing the customers to avail a mobile phone from a designated vendor. Mobile distribution melas would be organised by the bank in Haryana under this initiative.
Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.
Indian Bank signs MoU with Ashok Leyland
Publish Date: 17/10/2022
MoU aims to provide easy credit to micro, small and medium enterprises for the purchase of vehicles
Indian Bank has signed a memorandum of understanding (MoU) with heavy commercial vehicle major Ashok Leyland to provide easy credit to micro, small and medium enterprises for the purchase of vehicles.
Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.
Indian Bank reports 14% rise in Q2 consolidated net profit
Publish Date: 04/11/2022
Total consolidated income of the bank increased by 10.43% to Rs 12,714.20 crore for Q2FY23
Indian Bank has reported results for second quarter ended September 30, 2022.
The bank has reported rise of 12.49% in its net profit at Rs 1,225.22 crore for Q2FY23 as compared to Rs 1,089.17 crore for the corresponding quarter previous year. Total income of the bank increased by 9.59% to Rs 12,538.01 crore for the quarter under review as compared to Rs 11,440.42 crore for the same quarter in the previous year.
On the consolidated basis, the bank has reported rise of 14.32% in its net profit at Rs 1,287.39 crore for the quarter under review as compared to Rs 1,126.11 crore for the same quarter in the previous year. Total income of the bank increased by 10.43% to Rs 12,714.20 crore for the quarter under review as compared to Rs 11,513.70 crore for the same quarter in the previous year.
Indian Bank partners with Honda Cars India
Publish Date: 23/12/2022
The partnership will offer easy loan disbursement, reasonable interest rates, special offers, flexible policies and simplified process
Indian Bank has partnered with Honda Cars India (HCIL) to provide vehicle finance for customers. The partnership will offer easy loan disbursement, reasonable interest rates, special offers, flexible policies and simplified process. The customers can avail financing benefits across over 5,700 branches of Indian Bank and HCIL dealer network across the country.
Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.
Indian Bank introduces QR code bill payment system for CESC
Publish Date: 02/01/2023
The CESC is in the process of introducing a new type of bill generation and payment system in coordination with Indian Bank
Indian Bank has unveiled QR code bill payment system for Chamundeshwari Electricity Supply Corporation (CESC) making it as the first power distribution company to offer such an initiative to customers in Mysuru. By using the dynamic QR code linked to the unified payments interface (UPI) on printed electricity bill, customers would be able to make their payments without visiting any online portal or physically going to any payment centre. Instant acknowledgement is issued and the QR code is disabled once the transaction is completed.
The CESC is in the process of introducing a new type of bill generation and payment system in coordination with Indian Bank besides a facility to make RTGS-NEFT payments for bulk consumers using virtual account number (VAN).
Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.
Indian Bank reports 99% jump in Q3 consolidated net profit
Publish Date: 25/01/2023
Total consolidated income of the bank increased by 18.17% to Rs 13761.95 crore for Q3FY23
Indian Bank has reported results for third quarter ended December 31, 2022.
The bank has reported rise of 102.36% in its net profit at Rs 1395.76 crore for Q3FY23 as compared to Rs 689.73 crore for the corresponding quarter previous year. Total income of the bank increased by 18.02% to Rs 13550.68 crore for the quarter under review as compared to Rs 11481.80 crore for the same quarter in the previous year.
On the consolidated basis, the bank has reported rise of 98.77% in its net profit at Rs 1454.16 crore for Q3FY23 as compared to Rs 731.58 crore for the same quarter in the previous year. Total income of the bank increased by 18.17% to Rs 13761.95 crore for the quarter under review as compared to Rs 11645.82 crore for the same quarter in the previous year.
Indian Bank partners with Toyota Kirloskar Motor
Publish Date: 01/03/2023
The collaboration seeks to provide simpler financing options, hassle-free experience, and timely assistance to ensure a pleasant buying process
Indian Bank has partnered with automaker Toyota Kirloskar Motor to offer vehicle financial options to its customers. The tie-up would offer various initiatives including 90 per cent on-road funding with no processing fee, foreclosure and party payment charges to prospective customers.
The development will now enable bank's customers, especially in the rural and semi-urban markets to buy their vehicles from Toyota Kirloskar Motor. The collaboration seeks to provide simpler financing options, hassle-free experience, and timely assistance to ensure a pleasant buying process.
Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.
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