Indian Bank Share Price (INDIANB)

ICRA Revises Outlook for Indian Banking Sector to Stable - 15 Apr, 2024

Credit rating agency ICRA has revised its outlook for the Indian banking sector from positive to stable, citing expectations of moderation in credit growth and profitability. The sector's ability to regain its position will depend on several factors, including a good monsoon this year. However, challenges with deposit mobilization are expected to continue in FY25, putting pressure on net interest margins.

Indian Bank Reports Increase in Operating Revenues and Profits - 14 Apr, 2024

Mutual funds have increased their stake in Indian Bank by 1.18% from Q3FY24, while the bank's operating revenues rose from Rs 13,764 crores to Rs 14,203 crores during the same period. After-tax profits also saw an increase from Rs 2,069 crores to Rs 2,207 crores.

ICRA Revises Outlook for Indian Banking Sector to Stable - 11 Apr, 2024

Domestic rating agency ICRA has revised its outlook for the Indian banking sector from positive to stable, citing anticipated moderation in credit growth and profitability metrics. Challenges in deposit mobilisation and regulatory measures are expected to temper expansion of credit modestly to Rs 19-20.5 trillion in FY25.

ICRA Revises Outlook for Indian Banks to Stable - 10 Apr, 2024

ICRA has revised its outlook for Indian banks to stable from positive for FY25, expecting moderation in credit growth and profitability metrics. The credit deposit ratio is estimated to have increased to 78% as of March 2024, posing challenges for banks to pursue credit growth. Despite the expected rise in fresh NPAs generation rate, gross NPA is projected to decline for both public and private sector banks.

Indian Banks Urged to Play Larger Role in Global Derivatives - 09 Apr, 2024

The Reserve Bank of India Governor, Shaktikanta Das, has called on Indian banks to play a larger role in global derivatives and ensure that smaller retail players do not pay more for access to foreign exchange products. Domestic banks are yet to emerge as market makers of note globally, with only a small set of active market-makers. The focus should be on widening participation of Indian players in markets for rupee derivatives, both local and offshore.

RBI Urges Indian Banks to Enhance Participation in Derivatives Market - 08 Apr, 2024

The Reserve Bank of India Governor has urged Indian banks to increase their presence in the INR derivatives market, both domestically and internationally. Despite some progress, domestic banks' involvement in derivative markets remains limited, with only a few active market-makers. The focus should be on enhancing and widening the participation of Indian players in markets for INR derivatives, both domestically and offshore, while being prudent.

Indian Bank Reports Growth in Advances and Deposits - 06 Apr, 2024

Indian Bank's gross advances increased 12.7% to Rs 5.34 lakh crore, while total deposits grew 11% YoY to Rs 6.89 lakh crore as of March 31, 2024. The bank reported a standalone net profit of Rs 2,119.35 crore in Q3 FY24, up 51.84% YoY. CASA stood at Rs 2.82 lakh crore, up 8.04% YoY. Indian Bank's scrip advanced 1.50% to settle at Rs 534.60 on April 5, 2024.

Indian Banks Report Increase in Loans and Deposits - 05 Apr, 2024

According to the Reserve Bank of India's weekly statistical supplement, Indian bank loans increased by 20.2% YoY, while deposits rose by 13.5%. Outstanding loans rose Rs 1.21 trillion ($14.54 billion) to Rs 164.35 trillion in the two weeks to March 22.

Indian Bank Hikes Lending Rates - 31 Mar, 2024

Indian Bank has increased its lending rates linked to base rate and Benchmark Prime Lending Rate by 5 basis points, effective from April 3.