₹540.05
0.37%
Low
Day's Volatility:1.19%
High
0.82%
50.37%
Low
52 Weeks Volatility:56.62%
High
6.24%
Returns % | |
1 Month Return | + 5.68 % |
3 Month Return | -0.53 % |
1 Year Return | + 88.19 % |
Market Stats | |
Previous Close | ₹₹540.30 |
Open | ₹₹543.00 |
Volume | ₹85.22K |
Upper Circuit | ₹- |
Lower Circuit | ₹- |
Market Cap | ₹₹72,776.46Cr |
based on 9 analysts
Based on 9 analysts offering long term price targets for Indian Bank. An average target of ₹597
Source: S&P Global Market Intelligence
Organisation | Indian Bank |
Headquarters | Chennai |
Industry | Banks |
E-voting on shares | Click here to vote |
Key events for Indian Bank
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.
Indian Banks May Need to Slow Loan Growth, Says S&P Global Ratings - 28 Apr, 2024
S&P Global Ratings predicts that Indian banks may need to slow down their loan growth in FY25 due to tepid deposit growth. The agency expects the sector's strong credit growth to moderate to 14% in FY25 from 16% in FY24. If credit growth doesn't slow, banks will have to fund it from wholesale funding and higher cost of such funding could further strain margins and hurt profitability.
Indian Bank Partners with Tata Power Solar Systems for Financing Solutions - 24 Apr, 2024
Indian Bank has partnered with Tata Power Solar Systems to provide financing solutions for customers under the Pradhan Mantri Surya Ghar Muft Bijli Yojana Scheme. Residential consumers can receive loans of up to Rs 2 lakh for installations of 3 KW solar rooftop capacity, while tailored financing solutions are available for larger installations.
Indian Bank Partners with Tata Power Solar Systems for Solar Energy Adoption - 23 Apr, 2024
State-owned Indian Bank has entered into a strategic partnership with Tata Power Solar Systems to boost the adoption of solar rooftop systems among residential consumers. The collaboration aims to facilitate financing solutions under the Pradhan Mantri Surya Ghar Muft Bijli Yojana scheme for installations up to 3 KW, as well as extend support for installations ranging from 3 to 10 KW under the regular scheme.
No Bank Holiday for Indian Bank on April 20, 2024 - 20 Apr, 2024
Indian Bank will not observe a bank holiday on April 20, 2024, as it is the third Saturday of the month. However, banks in Tripura will be closed due to Garia Puja.
Fundamentals of Indian Bank
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
Best in 3 Years
In the last 3 years, INDIANB has outperformed top 5 stocks with highest market-cap in Banks
Revenue Rich
Revenue is up for the last 9 quarters, 11.55K Cr → 17.06K Cr (in ₹), with an average increase of 4.7% per quarter
Profit Spike
Netprofit is up for the last 7 quarters, 1.28K Cr → 2.29K Cr (in ₹), with an average increase of 9.1% per quarter
Price Rise
In the last 7 days, INDIANB stock has moved up by 5.4%
Best in 1 Year
In the last 1 year, INDIANB has outperformed top 5 stocks with highest market-cap in Banks
MF Holding Up
Mutual Funds have increased holdings from 10.53% to 11.71% in Mar 2024 quarter
Promoter Holding Unchanged
Promoters holdings remained unchanged at 73.84% of holdings in Mar 2024 quarter
FII Holding Down
Foreign Institutions have decreased holdings from 5.89% to 5.29% in Mar 2024 quarter
Retail Holding Down
Retail Investor have decreased holdings from 4.44% to 3.92% in Mar 2024 quarter
Indian Bank in the last 5 years
Lowest (2.26x)
March 30, 2020
Today (8.19x)
May 17, 2024
Industry (20.68x)
May 17, 2024
Highest (36.28x)
June 3, 2019
Investors | Holdings % | Prev. 1 periods | 3M 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
Indian Bank (INDIANB) share price today is ₹540.05
Indian Bank is listed on NSE
Indian Bank is listed on BSE
PE Ratio of Indian Bank is 8.19
PE ratio = Indian Bank Market price per share / Indian Bank Earnings per share
Today’s traded volume of Indian Bank(INDIANB) is 85.22K.
Today’s market capitalisation of Indian Bank(INDIANB) is ₹72776.46Cr.
Indian Bank(INDIANB | Price |
---|---|
52 Week High | ₹573.75 |
52 Week Low | ₹268 |
Indian Bank(INDIANB) share price is ₹540.05. It is down -5.87% from its 52 Week High price of ₹573.75
Indian Bank(INDIANB) share price is ₹540.05. It is up 101.51% from its 52 Week Low price of ₹268
Indian Bank(INDIANB | Returns |
---|---|
1 Day Returns | -0.25% |
1 Month Returns | 5.68% |
3 Month Returns | -0.53% |
1 Year Returns | 88.19% |