Indbank Merchant Banking Services Ltd

Indbank Merchant Banking Services Ltd (INDBANK)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return1.09 %
3 Month Return21.69 %
1 Year Return-0.87 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 404
Rank 420
Rank 469
Dividend Yield
Rank 113
Rank 187
Price To Book Ratio
Rank 313
Debt To Asset
Rank 450

Company Information

Indbank Merchant Banking Services Indbank was incorporated in 1989 as a subsidiary of Indian Bank. Indbank is the first and the only public sector merchant banking subsidiary in the country to go public. Indbank has a comprehensive package of services like issue management leasing and hire purchase loan syndication merger and acquisitions stockbroking treasury management portfolio management etc. Indbank has the distinction of being the first institutional member of the Madras Stock Exchange. It has opened oddlot trading counters and investment counselling centres to cater to the growing requirements of investors. It is a member of the OTCEI. Together with Martin Currie UK Indbank launched an open ended offshore fund taking the total corpus to US 187 mln. It has also launched the countrys first specific sector offshore fund Schroder Indian Communication Fund in collaboration with Schroder a leading investment banker in the UK. With the discontinuance of fund based activities consequent to the SEBI regulations coming into force the Company has stopped accepting fresh/renewal of fixed deposits with effect from December 1997 and aggregate deposits accepted from public as on 31.03.2000 amounted to Rs. 24.16 crores. The Company is continuously taking steps for repayment of these deposits.
OrganisationIndbank Merchant Banking Services Ltd
IndustryStock/ Commodity Brokers