Indian Bank is in the Banking sector with the Market Capitalization of worth Rs. 16,402.46 crores, it is incorporated in the year 1907. It has consolidated sales of Rs. 9623.69 crores in June 2021. The company is also listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) under the code 532814 and INDIANB, respectively.
Indian Bank is an Indian nationalized banking company. The Ministry of Finance of the Indian government owns it. The company's headquarters are in the city of Chennai. It is one of the best-performing public sector banks, with a customer base of over ten crores. It also has overseas operations with branches located in Colombo and Singapore. As of 1st April ’2020, it became the seventh-largest bank after its merger with Allahabad Bank. The bank's Information systems and Security system are certified with ISO27001:2013 standard, which made it one of the very few banks worldwide to be certified with this standard. Indian Bank operates with the help of 6,000 branches and more than 5,400 ATMs throughout the country. The company's promoters currently hold 79.86% of the stake in the company while the Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) hold 2.92% and 10.52% of the stake. The balance of 6.71% is held by others (retail investors).
In June 2021, quarterly net sales were Rs. 9,623.59 crores, which has decreased by approximately 4.9% from Rs. 10,119.96 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 1,181.66 crores, which has increased sharply by 220.01% from a net profit of Rs. 369.26 crores in June 2020. In June 2021, the operating profit was Rs. 10,567.26 crores, which is similar to a net profit of Rs. 10,653.04 crores for the quarter ending in June 2020. From Rs. 3.27 in June 2020, the EPS of Indian Bank has increased to Rs. 10.39 in June 2021. INDIANB's stock closed at Rs. 131.70 on 16th August’2021 (NSE) and has returned 4.73% in the last six months and 107.57% in the previous year.
Indian Bank share price as on 30 Jun 2024 is Rs. 545.5. Over the past 6 months, the Indian Bank share price has increased by 31.21% and in the last one year, it has increased by 95.98%. The 52-week low for Indian Bank share price was Rs. 278.6 and 52-week high was Rs. 632.7.
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