Last 215.70 INR
Change Today +9.05 / 4.38%
Volume 436.1K
INBK On Other Exchanges
Symbol
Exchange
Natl India
As of 4:34 AM 12/29/14 All times are local (Market data is delayed by at least 15 minutes).

indian bank (INBK) Snapshot

Open
208.00
Previous Close
206.65
Day High
216.80
Day Low
205.55
52 Week High
12/29/14 - 216.80
52 Week Low
02/26/14 - 86.35
Market Cap
100.3B
Average Volume 10 Days
229.6K
EPS TTM
26.87
Shares Outstanding
464.8M
EX-Date
06/23/14
P/E TM
8.0x
Dividend
1.70
Dividend Yield
2.18%
Current Stock Chart for INDIAN BANK (INBK)

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indian bank (INBK) Details

Indian Bank offers corporate/wholesale, retail, treasury, and other banking services primarily in India. The company provides deposit products, including savings and current accounts, fixed deposits, re-investment plans, facility deposits, recurring deposits, term deposits, foreign currency accounts, and savings certificates. It also offers home loans, home improvement loans, vehicle loans, mortgages, reverse mortgages, plot loans, loans/overdrafts, pension loans, educational loans, NRI loans, and agriculture loans; and net banking, mobile banking, phone banking, credit cards, ATM/debit cards, foreign exchange, and depository services. In addition, the company provides wealth management services, including mutual funds, life and general insurance, retirement solutions, demat accounts, and online stock trading platforms. As of March 31, 2013, it operated 2,250 branches comprising 640 rural, 612 semi urban, 568 urban, and 430 metropolitan branches, as well as 28 extension counters, 21 satellite offices, 1 collection counter, 50 rural banking service centers, and 1 forex bureau. The company also operates 2,123 ATMs, which include 511 offsite ATMs and 86 Biometric ATMs; 1407 ultra small branches in villages; and 3 foreign branches in Singapore, and Colombo and Jaffna in Sri Lanka. Indian Bank was founded in 1907 and is headquartered in Chennai, India.

19,429 Employees
Last Reported Date: 06/6/14
Founded in 1907

indian bank (INBK) Top Compensated Officers

Chairman, Managing Director, Chairman of Comm...
Total Annual Compensation: 2.5M
Executive Director, Member of Share Transfer ...
Total Annual Compensation: 2.0M
Executive Director, Member of Share Transfer ...
Total Annual Compensation: 797.0K
Compensation as of Fiscal Year 2014.

indian bank (INBK) Key Developments

Government To Divest Stake In State-Owned Banks

The government of India is planning to reduce its stake in state-owned banks. Arun Jaitley, Finance Minister of India, said in the Parliament that the government is looking to reduce its stake in state-owned banks to 52% in a phased manner." Jaitley said in written reply in the Rajya Sabha, "A proposal for allowing public sector banks (PSBs) to raise capital from public market by diluting Government of India holding up to 52% in phased manner is under consideration." There is as yet no timeline on when the centre will divest stakes in these banks. The government is planning to reduce 6.9% stake in Allahabad Bank (BSE:532480), 8.14% stake in Andhra Bank (BSE:532418), 4.26% stake in Bank of Baroda (BSE:532134), 14.7% stake in Bank of India (BSE:532149), 27.8% stake in Bank of Maharashtra (BSE:532525), 17% stake in Canara Bank Limited (BSE:532483), 32.2% stake in Central Bank of India (BSE:532885), 11.33% stake in Corporation Bank (BSE:532179), 6% stake in Dena Bank Ltd. (BSE:532121), 29.51% stake in Indian Bank (BSE:532814), 21.8% stake in Indian Overseas Bank (BSE:532388), 7.13% stake in Oriental Bank of Commerce (BSE:500315), 6.87% stake in Punjab National Bank (BSE:532461), 27.62% stake in Punjab and Sind Bank (BSE:533295), 15.39% stake in Syndicate Bank Limited (BSE:532276), 8.47% stake in Union Bank of India (BSE:532477), 26.92% stake in United Bank of India (BSE:533171), 25.2% stake in UCO Bank (BSE:532505), 22.06% stake in Vijaya Bank Ltd. (BSE:532401), 24.5% stake in IDBI Bank Limited (BSE:500116), 6.6% stake in State Bank of India (BSE:500112), 23.07% stake in State Bank of Bikaner & Jaipur (BSE:501061), 38% stake in State Bank of Mysore (BSE:532200), and 26.91% stake in State Bank of Travancore (BSE:532191).

Indian Bank, Q2 2015 Earnings Call, Nov 07, 2014

Indian Bank, Q2 2015 Earnings Call, Nov 07, 2014

Indian Bank Reports Unaudited Standalone Earnings Results for the Second Quarter and Half Year Ended September 30, 2014

Indian Bank reported unaudited standalone earnings results for the second quarter and half year ended September 30, 2014. For the quarter, the company's total income was INR 43,403.249 million compared with INR 40,782.423 million a year ago. Operating profit before provisions and contingencies was INR 7,649.299 million compared with INR 7,058.295 million a year ago. Profit from ordinary activities before tax was INR 4,782.986 million compared with INR 4,806.636 million a year ago. Net profit was INR 3,143.322 million or INR 6.76 per basic and diluted share compared with INR 3,057.632 million or INR 6.87 per basic and diluted share a year ago. Interest earned was INR 40,040.739 million against INR 38,013.206 million a year ago. ROA was 0.89% against 0.71% a year ago. For half the year, the company's total income was INR 84,843.373 million compared with INR 82,737.198 million a year ago. Operating profit before provisions and contingencies was INR 14,019.287 million compared with INR 15,649.234 million a year ago. Profit from ordinary activities before tax was INR 7,896.811 million compared with INR 9,718.320 million a year ago. Net profit was INR 5,214.919 million or INR 11.22 per basic and diluted share compared with INR 6,231.545 million or INR 14.01 per basic and diluted share a year ago. Interest earned was INR 79,328.510 million against INR 74,687.449 million a year ago. ROA was 0.57% against 0.74% a year ago.

 

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INBK:IN 215.70 INR +9.05

INBK Competitors

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Company Last Change
Allahabad Bank 129.35 INR -0.95
Indian Overseas Bank 59.85 INR -0.25
Oriental Bank of Commerce 338.20 INR -2.60
Syndicate Bank 126.80 INR -1.55
UCO Bank 81.80 INR -0.85
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INBK

Industry Average

Valuation INBK Industry Range
Price/Earnings 5.3x
Price/Sales -- Not Meaningful
Price/Book -- Not Meaningful
Price/Cash Flow 5.5x
TEV/Sales -- Not Meaningful
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