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Indian Bank share Price

Company details

6M Return 51.60%
1Y Return 127.42%
Mkt Cap.(Cr) 54,961.31
Volume 2,910,149
Div Yield 2.03%
OI Chg %
Volume 2,910,149

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Incur '0' Brokerage upto ₹500
Modest Q4; trigger for sustained RoA uptick to be watched
About The Stock

    Indian Bank is one of the largest and among the better performing PSU banks in India with a total business of over ₹ 10.1 lakh crore

    • Pan-India presence with strong branch network of 5721 domestic branches
    • Diversified loan mix with RAM (retail/agri/MSME) forming ~61% to book

    Healthy operational performance; asset quality improves.

    • Advances grew 9.1% YoY to ₹ 425203 crore. Deposits up 8.2% YoY with CASA growth at 8% YoY
    • NII up 13.5% YoY, 6.6% QoQ. NIMs improved 23 bps QoQ at 3.1%
    • GNPA down 34 bps QoQ to 8.1%. R/s book declined 53 bps QoQ to ~4%

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Indian Bank announced Q1FY24 results:

  • Net Profit up by 41% YoY at Rs 1,709 in Q1FY24 from Rs 1,213 crore in Q1FY23
  • Profit Before Tax up by 78% YoY at Rs 2,394 crore in Q1FY24 from Rs 1,345 crore in Q1FY23
  • Operating Profit grew by 16% YoY at Rs 4,135 crore in Q1FY24 from Rs 3,564 crore in Q1FY23
  • Net Interest Income increased by 26% YoY to Rs 5,703 crore in Q1FY24 from Rs 4,534 crore in Q1FY23
  • Fee-based income grew by 7% YoY to Rs 671 crore in Q1FY24
  • Cost-to-Income Ratio stood at 44.22% in Q1FY24
  • Domestic NIM improved to 3.61% in Q1FY24 from 3.10% in Q1FY23
  • Return on Assets (RoA) improved to 0.95% in Q1FY24 from 0.73% in Q1FY23
  • Return on Equity (RoE) increased to 17.88% in Q1FY24 from 14.18% in Q1FY23
  • Total Business recorded a YoY growth of 9% reaching the level of Rs 11,00,943 crore in Q1FY24 from Rs 10,09,454 crore in Q1FY23
  • Advances increased by 13% YoY to Rs 4,79,404 crore in Q1FY24 from Rs 4,25,203 crore in Q1FY23
  • RAM (Retail, Agriculture & MSME) advances grew by 13% YoY to Rs 2,76,435 crore in Q1FY24 from Rs 2,44,247 crore in Q1FY23
  • RAM contribution to gross domestic advances is 61%. Retail & Agri advances grew by 16% YoY each while MSME advances grew by 7% YoY. Home Loan (Including mortgage) grew by 14% YoY, Auto Loan by 29% YoY and Personal Loan by 52% YoY
  • Deposits grew by 6% YoY and reached to Rs 6,21,539 crore in Q1FY24
  • CASA deposits recorded a YoY growth of 5% and stood at Rs 25,0,242 crore in Q1FY24. The share of CASA to total deposits stood at 40%.
  • GNPA decreased by 266 bps YoY to 5.47% in Q1FY24 from 8.13% in Q1FY23, NNPA reduced by 142 bps YoY to 0.70% from 2.12% in Q1FY23
  • Provision Coverage Ratio (PCR, including TWO) improved by 702 bps YoY to 95.10% from 88.08% in Q1FY23
  • Capital Adequacy Ratio stood at 15.78%. CET-I & Tier I Capital at 12.31% & 12.88% respectively



Result PDF

View Other Company Results


Investment recommendation
Modest Q4; trigger for sustained RoA uptick to be watched
Call Date
10 May 2023
Entry Price 299.00
Target Price 335.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Indian Bank Stocks COMPARISION


Equity Capital: 49,506.82 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 16,852.71 -20,671.82
LAST 3M 52,922.55 -3,405.64
LAST 6M 58,662.39 139,660.95
LAST 12M 135,235.34 165,245.59

Indian Bank Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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.

Registered Address

66 Rajaji Salai, P B No 1384, Chennai, Tamil Nadu, 600001

Tel : 91-44-25233231/25231253/25231254
Email : ibinvestorrelations:indianbank.co.in
Website : http://www.indianbank.in

Cameo Corporate Services Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532814
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE562A01011

FAQ’s on Indian Bank Shares

You can buy Indian Bank shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Indian Bank Share.

Company share prices and volatile and keep changing according to the market conditions. As of Oct 03, 2023 03:59 PM the closing price of Indian Bank was ₹ 441.30.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Oct 03, 2023 03:59 PM, the market cap of Indian Bank stood at ₹ 54,961.31.

The latest PE ratio of Indian Bank as of Oct 03, 2023 03:59 PM is 8.99

The latest PB ratio of Indian Bank as of Oct 03, 2023 03:59 PM is 0.79

The 52-week high of Indian Bank is ₹ 446.50 while the 52-week low is ₹ 190.00

According to analyst recommendations, Indian Bank has a “Buy” rating for the long term.

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