1. Financial Performance:
- Deposits increased by 9% YoY, reaching Rs 6,40,803 crore in Sep'23.
- CASA grew by 7%, driven by an 8% YoY growth in SB, with a CASA ratio of 40%.
- Gross Non-Performing Assets (GNPA) decreased by 233 bps YoY to 4.97% in Sep'23 from 7.30%.
- Net Non-Performing Assets (NNPA) reduced by 90 bps to 0.60% from 1.50% in Sep'22.
- Provision Coverage Ratio (PCR, including TWO) improved by 456 bps YoY to 95.64% from 91.08% in Sep'22.
- Capital Adequacy Ratio stood at 15.53%, CET-I at 12.07%, and Tier-I Capital at 12.63%.
2. Quarter-on-Quarter (QoQ) Performance:
- Net profit increased by 16% QoQ to Rs 1,988 crore in Sep'23 from Rs 1,709 crore in Jun'23.
- Profit before tax increased by 15% QoQ at Rs 2,752 crore in Sep'23 from Rs 2,394 crore in Jun'23.
- Operating profit increased by 4% QoQ at Rs 4,303 crore in Sep'23 from Rs 4,135 crore in Jun'23.
- Net interest income stood at Rs 5,741 crore in Sep'23 as against Rs 5,703 crore in Jun'23.
3. Year-on-Year (YoY) Performance:
- Net Profit increased by 62% YoY to Rs 1,988 crore in Sep'23 from Rs 1,225 crore in Sep'22.
- Profit Before Tax increased by 75% YoY to Rs 2,752 crore in Sep'23 from Rs 1,571 crore in Sep'22.
- Operating Profit increased by 19% YoY to Rs 4,303 crore in Sep'23 from Rs 3,629 crore in Sep'22.
- Net Interest Income increased by 23% YoY to Rs 5,741 crore in Sep'23 from Rs 4,684 crore in Sep'22.
- Fee-based income grew by 11% YoY to Rs 805 crore in Sep'23 from Rs 723 crore in Sep'22.
4. Asset Quality and Ratios:
- NIM (Domestic) increased to 3.52% in Sep'23 from 3.20% in Sep'22.
- Return on Assets (ROA) improved to 1.06% in Sep'23 from 0.71% in Sep'22.
- Return on Equity (ROE) improved by 607 bps to 19.90% in Sep'23 from 13.83% in Sep'22.
- Cost-to-Income Ratio stood at 44.36% in Sep'23 as against 44.27% in Sep'22.
- Priority Sector portfolio stood at Rs 1,64,341 crore in Sep'23, with a percentage of advances at 42.83% of ANBC.
5. Business Growth:
- Total Business recorded a YoY growth of 10%, reaching Rs 11,33,091 crore in Sep'23.
- Advances increased by 12% YoY to Rs 4,92,288 crore in Sep'23 from Rs 4,37,941 crore in Sep'22.
- RAM (Retail, Agriculture & MSME) advances grew by 12% to Rs 2,85,891 crore in Sep'23 from Rs 2,55,256 crore in Sep'22.
- Retail, Agri, MSME advances grew by 14%, 16%, and 5% YoY, respectively.
- Home Loan (Including mortgage) grew by 13%, Auto Loan by 36%, and Personal Loan by 49% YoY.
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 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 28 Mar 2024 is Rs. 520.7. Over the past 6 months, the Indian Bank share price has increased by 20.59% and in the last one year, it has increased by 92.21%. The 52-week low for Indian Bank share price was Rs. 268 and 52-week high was Rs. 573.75.
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 Mar 28, 2024 03:56 PM the closing price of Indian Bank was ₹ 520.70.
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 Mar 28, 2024 03:56 PM, the market cap of Indian Bank stood at ₹ 70,136.42.