Indian Bank

The Board of Indian Bank at its meeting held on 20 March 2025 has approved for raising additional Long Term Infrastructure Bonds aggregating upto Rs.5000 crore over and above Rs.10000 crore already raised by the Bank in current FY 2024-25, in one or more tranches during the current or subsequent financial year at an opportune time based on the requirement for financing/refinancing of Infrastructure and Affordable Housing in compliance with applicable RBI guidelines and other applicable laws, rules and regulations.Powered by Capital Market - Live

'A meeting of board of directors of the Bank is scheduled to be held on Thursday, the 20th March 2025, inter alia, to consider a proposal regarding fund raising plan,' Indian Bank stated n exchange filing. The said announcement was made on Friday, 14 March 2025. Indian Bank is a public sector bank. The Government of India held a 73.84% stake in the bank as on 31st December 2024. The bank's net profit increased 36.2% to Rs 2706.44 crore on a 12.9% rise in total income to Rs 17,769.68 crore in Q2 FY25 as compared with Q2 FY24. The scrip shed 0.51% to end at Rs 491.5 on Friday, 14 March 2025.Powered by Capital Market - Live

Indian Bank will hold a meeting of the Board of Directors of the Company on 20 March 2025.Powered by Capital Market - Live

Indian Bank gained for a third straight session today. The stock is quoting at Rs 524.45, up 1.1% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.02% on the day, quoting at 22940.75. The Sensex is at 76034.18, up 0.09%. Indian Bank has slipped around 1.46% in last one month. Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has slipped around 7.35% in last one month and is currently quoting at 5872.6, up 1.27% on the day. The volume in the stock stood at 4.56 lakh shares today, compared to the daily average of 16.13 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 524, up 1.14% on the day. Indian Bank is down 2.36% in last one year as compared to a 3.35% jump in NIFTY and a 16.25% jump in the Nifty PSU Bank index.The PE of the stock is 6.84 based on TTM earnings ending December 24.Powered by Capital Market - Live

Net profit of Indian Bank rose 31.92% to Rs 2909.73 crore in the quarter ended December 2024 as against Rs 2205.63 crore during the previous quarter ended December 2023. Total Operating Income rose 11.04% to Rs 15770.16 crore in the quarter ended December 2024 as against Rs 14202.58 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Total Operating Income15770.1614202.58 11 OPM %67.6563.68 - PBDT3720.652774.21 34 PBT3720.652774.21 34 NP2909.732205.63 32 Powered by Capital Market - Live

Indian Bank dropped for a fifth straight session today. The stock is quoting at Rs 500.3, down 0.19% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.96% on the day, quoting at 22871.55. The Sensex is at 75485.37, down 0.93%.Indian Bank has lost around 5.77% in last one month.Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has eased around 4.6% in last one month and is currently quoting at 6152.95, up 0.67% on the day. The volume in the stock stood at 13.24 lakh shares today, compared to the daily average of 17.26 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 499.55, down 0.28% on the day. Indian Bank jumped 4.12% in last one year as compared to a 5.22% rally in NIFTY and a 1.98% spurt in the Nifty PSU Bank index.The PE of the stock is 7.12 based on TTM earnings ending September 24.Powered by Capital Market - Live

Indian Bank will hold a meeting of the Board of Directors of the Company on 29 January 2025.Powered by Capital Market - Live

Binod Kumar is a Graduate in Science from Ranchi University and holds Post Graduate Diploma in Banking & Finance from NIBM, Financial Risk Manager (FRM) from GARP (USA) and a Certified Associate Member of Indian Institute of Bankers (CAIIB). He started his banking career with PNB in 1994 and was elevated to the position of Executive Director in November 2022. With over three decades of experience in the banking sector, he has held various positions, including Chief General Manager (Corporate Credit), Zonal Manager, and served as CEO of PNB Operations at the Dubai International Financial Centre. He has also served as the nominee director on behalf of PNB on the Board of PNB Housing Finance and India SME Asset Reconstruction Company (ISARC). Indian Bank is a public sector bank. The Government of India held a 73.84% stake in the bank as on 30 September 2024. The bank's net profit increased 36.2% to Rs 2706.44 crore on a 12.9% rise in total income to Rs 17,769.68 crore in Q2 FY25 as compared with Q2 FY24. Shares of Indian Bank shed 0.73% to Rs 523.35 on the BSE.Powered by Capital Market - Live

Total deposits of the bank stood at Rs 7.02 lakh crore as on 31 December 2024, up by 7.3% from Rs 6.54 lakh crore as on 31 December 2023. The bank's total business at the end of the December'24 quarter added up to Rs 12.61 lakh crore, up by 8.3% YoY. Indian Bank is a public sector bank. The Government of India held 73.84% stake in the bank as on 30 September 2024. The bank's net profit increased 36.2% to Rs 2706.44 crore on a 12.9% rise in total income to Rs 17,769.68 crore in Q2 FY25 as compared with Q2 FY24. The scrip fell 3.18% to currently trade at Rs 507.75 on the BSE. Powered by Capital Market - Live

Indian Bank fell for a fifth straight session today. The stock is quoting at Rs 536.7, down 0.08% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.4% on the day, quoting at 23682.349609375. The Sensex is at 78309.92, up 0.34%.Indian Bank has eased around 4.98% in last one month.Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has eased around 1.87% in last one month and is currently quoting at 6575.7, up 1.17% on the day. The volume in the stock stood at 7.29 lakh shares today, compared to the daily average of 19 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 536.45, up 0.05% on the day. Indian Bank jumped 31% in last one year as compared to a 10.45% rally in NIFTY and a 19.29% spurt in the Nifty PSU Bank index.The PE of the stock is 7.63 based on TTM earnings ending September 24.Powered by Capital Market - Live