Indian Bank share price logo

Indian Bank (INDIANB)

₹576.31.7%

bell
Get free price alerts. Set up your Free investment account to get Live Prices. >
Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Indian Bank share Performance

  • ₹559.25
    ₹583.8
    ₹576.3
    downward going graph

    2.96%

    Low

    Day's Volatility:4.26%

    High

    1.30%

    downward going graph
  • ₹268
    ₹596
    ₹576.3
    downward going graph

    53.50%

    Low

    52 Weeks Volatility:56.91%

    High

    3.42%

    downward going graph
1 Month Return+ 1.36 %
3 Month Return+ 7.9 %
1 Year Return+ 107 %
Previous Close₹566.65
Open₹566.55
Volume17.67L
Upper Circuit-
Lower Circuit-
Market Cap₹76,325.71Cr

Analyst Rating

based on 9 analysts

BUY
66.67%
Buy
33.33%
Hold
0.00%
Sell

Based on 9 analysts offering long term price targets for Indian Bank. An average target of ₹597

Source: S&P Global Market Intelligence

Company Information

Indian Bank is a major public sector bank in India, incorporated in 1907 and headquartered in Chennai. It is one of the oldest and largest commercial banks in the country, with more than 5,000 branches across India.

Indian Bank offers a wide range of banking and financial services to its customers, including retail banking, corporate banking, NRI banking, international banking, MSME banking, agricultural banking, and government banking. Its major lines of business include deposits, loans, cards, digital banking, investments, and insurance.

The bank's top products include savings accounts, current accounts, fixed deposits, loans, credit cards, debit cards, and prepaid cards. It also offers a range of digital banking services, such as internet banking, mobile banking, and UPI payments. Indian Bank is also known for its popular brands, such as Indian Bank Platinum Credit Card, Indian Bank Signature Debit Card, and Indian Bank UPI.

Share Price: ₹576.30 per share as on 29 May, 2024 04:01 PM
Market Capitalisation: ₹76,325.71Cr as of today
Revenue: ₹17,065.49Cr as on March 2024 (Q1 24)
Net Profit: ₹2,295.61Cr as on March 2024 (Q1 24)
Listing date: 01 Mar, 2007
OrganisationIndian Bank
HeadquartersChennai
IndustryBanks
E-voting on sharesClick here to vote

Key events for Indian Bank

  • Indian Bank Offers Special Fixed Deposits, RBI Regulations Could Benefit Banks - 28 May, 2024

    Indian Bank is offering special fixed deposit schemes with attractive interest rates for different investor categories. Meanwhile, recent RBI regulations that allow increased group exposure could benefit Indian banks' cautious lending approach.

  • Indian Bank Stock Rises Over 1% - 27 May, 2024

    Indian Bank's stock rose by over 1% to Rs 579.55 at 11:17 am, with a trading volume of 0.16% higher than the previous day. The bank's market capitalization is Rs 77,012.44 crore.

  • Indian Bank Plans Fundraising & Increases Dividend Payment - 23 May, 2024

    Indian Bank announces plans to raise up to Rs 12,000 crore through equity and debt, while also increasing its dividend payment to Rs 12.00 per share. The bank has a comfortable payout ratio of 19% and is forecasted to grow EPS by 28.9% over the next three years.

  • Indian Bank Plans Fund Raising of Up to ₹12,000 Crore - 22 May, 2024

    Indian Bank plans to raise up to ₹5,000 crore through equity capital and another ₹7,000 crore through perpetual and infrastructure bonds. The timeline for raising these funds has not been disclosed.

  • Indian Bank Plans Digital Push; Banking Sector Records Profit - 21 May, 2024

    Indian Bank is targeting growth in advances and deposits, aiming to lower gross bad loan ratio to 3%. The banking sector has recorded a profit of Rs.3 lakh crore for the first time in FY24.

  • Indian Bank's NPA Surges While Banking Sector Achieves Milestone Profit - 20 May, 2024

    Indian Bank's NPAs have surged over six years while the country's banking sector has achieved a milestone with its combined annual profit exceeding ₹3 lakh crore for the first time. Private banks reported a net profit of ₹1.78 lakh crore and state-owned lenders reported ₹1.41 lakh crore.

  • Indian Bank Stock: Bond Traders Seek Cut in Short-Term Borrowing - 17 May, 2024

    Bond traders suggest a cut in the Indian government's short-term borrowing as a better way to regulate banking system liquidity after two consecutive attempts to buy back debt failed. The average daily deficit in May rose to Rs 1.2 trillion, coinciding with the start of the first phase of general elections. Effective cash management for the government can be achieved through cancellation of T-bills.

  • Indian Banks Face Regulatory Changes and Cyber Threats - 14 May, 2024

    Indian banks face tighter regulations on personal loans and project finance, while also increasing cyber insurance coverage due to rising threats. Fitch Ratings notes that banks' risk appetite through higher loan growth remains a key consideration for their creditworthiness. Meanwhile, Indian Bank has announced an equity dividend of Rs 8.60 per share in the past year.

  • Fitch Warns of Risk to Indian Banks' Underwriting Standards - 13 May, 2024

    Fitch Ratings has warned that the rapid growth in consumer loans may challenge Indian banks' underwriting standards and risk controls. The rating agency also noted lower transparency in terms of data disclosures on retail underwriting than most Asian banking systems.

  • Indian Banks Closed on Second Saturday of May - 11 May, 2024

    Indian banks, including Indian Bank, will be closed on the second Saturday of May 2024. Customers can still manage their finances using mobile and net banking services. The month of May has a total of 14 bank holidays in India.

  • Russian Companies Spend Nearly $4 Billion from Rupee Vostro Accounts to Buy Indian-made Arms - 10 May, 2024

    Several Russian companies have spent almost $4 billion from their rupee vostro accounts to purchase Indian-made arms and other goods over the past six to eight months. The Reserve Bank of India allowed 20 banks operating in the country to open 92 special rupee vostro accounts with partner banks from 22 countries, including Russia, as part of efforts to promote bilateral trade in local currencies.

  • Indian Bank Announces Increased Dividend Payment - 09 May, 2024

    Indian Bank has announced an increased dividend payment of ₹12.00 on July 15, providing a nice boost to shareholder returns. Meanwhile, the Finance Ministry will discuss the Reserve Bank of India's draft project financing norms with banks and the Indian Banks Association.

  • Indian Bank Reports Strong Earnings and Plans for Growth - 08 May, 2024

    Indian Bank reported strong FY24 earnings and aims to increase digital transactions while expanding its loan portfolio. Motilal Oswal and Sharekhan recommend buying the stock.

  • Indian Bank Posts Strong Performance and Aims for Digital Growth - 07 May, 2024

    Indian Bank reports strong Q4 results, Motilal Oswal issues buy call with TP of Rs 625. The bank aims to make over Rs 1 lakh crore in digital transactions and is confident about growth in deposits and advances. Meanwhile, Indian lenders plan to appeal against RBI's proposed tightening of rules for infrastructure project loans.

  • Indian Bank Reports Strong Q4 Results - 06 May, 2024

    Indian Bank reported a 55% rise in net profit to ₹2,247 crore for Q4FY24 due to an increase in interest income, reduction in provisions, and improvement in asset quality. Gross advances increased by 13%, total deposits by 11%, and CASA deposit by 8%. The bank recommended a dividend of ₹12 per share.

  • UPI Success Takes a Toll on Indian Banks - 04 May, 2024

    The success of UPI is causing unseen costs for Indian banks, as they don't make any money off it and suffer from system outages that damage their reputation and market capitalization.

  • Indian Bank Extends Deadline for Special FDs; RBI Proposes Higher Provisions for Infrastructure Projects - 03 May, 2024

    Indian Bank has extended the deadline for its special fixed deposit scheme, while the RBI has proposed new guidelines for lenders regarding infrastructure project financing. Indian banks' loans rose 19% YoY in two weeks to April 19, as per RBI data.

  • Indian Banks May Need to Slow Down Loan Growth Due to Deposit Shortage - 29 Apr, 2024

    S&P Global Ratings predicts that Indian banks may be compelled to slow down their loan growth as deposits are not growing at a similar pace. Additionally, S&P forecasts a slowdown in Indian banks' loan growth in FY25 due to a shortage of funds, causing slower loan approvals than expected. The Reserve Bank of India has directed lenders to review practices such as disbursal of loans and application of interest to tighten scrutiny of the sector.

Fundamentals of Indian Bank

Insights on Indian Bank

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 9 quarters, 11.55K Cr → 17.06K Cr (in ₹), with an average increase of 4.7% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 10.53% to 11.71% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, INDIANB has outperformed top 5 stocks with highest market-cap in Banks

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 7 quarters, 1.28K Cr → 2.29K Cr (in ₹), with an average increase of 9.1% per quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, INDIANB has outperformed top 5 stocks with highest market-cap in Banks

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 months, INDIANB stock has moved up by 7.9%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 73.84% of holdings in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 5.89% to 5.29% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 4.44% to 3.92% in Mar 2024 quarter

Indian Bank Valuation

Indian Bank in the last 5 years

  • Overview

  • Trends

Lowest (2.26x)

March 30, 2020

Today (8.59x)

May 28, 2024

Industry (21.13x)

May 28, 2024

Highest (36.28x)

June 3, 2019

LowHigh

Mutual Fund Holdings

Funds Holdings
HDFC Mid-Cap Opportunities Fund -Direct Plan - Growth OptionHDFC Mid-Cap Opportunities Fund -Direct Plan - Growth Option2.94%
HDFC Small Cap Fund-Direct Growth OptionHDFC Small Cap Fund-Direct Growth Option1.79%
Mirae Asset Large & Midcap Fund Direct Plan GrowthMirae Asset Large & Midcap Fund Direct Plan Growth1.34%
Mirae Asset Midcap Fund Direct GrowthMirae Asset Midcap Fund Direct Growth2.44%
HSBC Value Fund Direct Plan Growth OptionHSBC Value Fund Direct Plan Growth Option2.79%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
73.84%
0.00
Foreign Institutions
5.29%
0.00
Mutual Funds
11.71%
0.00
Retail Investors
3.92%
0.00
Others
5.24%
0.00

Technicals of Indian Bank share

News & Events of Indian Bank

Frequently Asked Questions

  • Get a PAN card.
  • Open a Demat account.
  • Open a Trading account.
  • Link your Demat account to your Trading account.
  • Fund your Trading account.
  • Place an order to buy Indian Bank shares.

Indian Bank (INDIANB) share price today is ₹576.3

Indian Bank is listed on NSE

Indian Bank is listed on BSE

  • Today’s highest price of Indian Bank is ₹583.8.
  • Today’s lowest price of Indian Bank is ₹559.25.

PE Ratio of Indian Bank is 8.59

PE ratio = Indian Bank Market price per share / Indian Bank Earnings per share

Today’s traded volume of Indian Bank(INDIANB) is 17.67L.

Today’s market capitalisation of Indian Bank(INDIANB) is ₹76325.71Cr.

Indian Bank(INDIANBPrice
52 Week High
₹596
52 Week Low
₹268

Indian Bank(INDIANB) share price is ₹576.3. It is down -3.31% from its 52 Week High price of ₹596

Indian Bank(INDIANB) share price is ₹576.3. It is up 115.04% from its 52 Week Low price of ₹268

Indian Bank(INDIANBReturns
1 Day Returns
9.65%
1 Month Returns
1.36%
3 Month Returns
7.9%
1 Year Returns
107%