Indian Bank
Snapshot View

139.55 +0.60 ▲0.4%

26 July 2021, 04:00:00 P.M.
Volume: 189,151

Overview View Details

Sector Banking Compare with Sector peers
Industry Bank - Public Compare with Industry peers
Website http://www.indianbank.in
Financial Indicators
Market Cap 17,380.13 Cr.
Earnings per share (EPS) 31.94 Trailing Twelve Months Ending 2021-06
Price-Earning Ratio (PE) 4.37 Trailing Twelve Months Ending 2021-06
Industry PE 18.28 Trailing Twelve Months Ending 2021-06
Book Value / Share 339.67 Trailing Twelve Months Ending 2021-06
Price to Book Value 0.41 Calculated using Price: 139.55
Dividend Yield 1.43 Period Ending 2021-03
No. of Shares Subscribed 124.54 Cr. 1,245,441,139 Shares
FaceValue 10
Company Profile

Indian Bank was established as a part of Swadeshi movement on 15 August 1907. It provides a wide spectrum of banking products and services. It is pioneer in introducing Self Help Groups and Financial Inclusion Project in the country

It has entered into a strategic tie-up with HDFC Standard Life Insurance Company Ltd., the first in the private sector to receive the Certificate of Registration for foray into Life Insurance business for distribution of latter’s insurance products. A Memorandum of understanding has been signed by the Bank with the Insurance Company on February 8, 2001 to this effect.

The year 2019-20 was eventful for Indian Bank as the Bank was identified as the Anchor Bank in consolidation of PSBs. The Government on 30 August 2019 announced the Amalgamation of Allahabad Bank- a bank with 155 years legacy into Indian Bank. Customers of both the banks will now have a banking experience that is “Twice as Good'.

Post amalgamation, Indian Bank enjoys the benefits of doubled balance sheet size, optimized capital utilization and wider geographic reach leading to deeper penetration. The Bank has access to larger talent pool, better products and opportunities to cross sell / upsell. It would also leverage upon the increased operational and process efficiencies.

Business area of the bank

The bank provides a wide spectrum of banking products and services. The services offered by the bank includes Personal Banking -Under this the bank offers fixed deposits, saving accounts, recurring accounts, saving accounts for kids and senior citizens, internet banking, ATM facility, debit/credit cards, home loans, personal loans. NRI services- The bank offers banking products and services to NRI clients such as saving accounts, remittance facilities, forex advisory services, home loans, etc. It also provide cash management services (CMS), eletronic funds transfer schemes as well as provides seven-day banking at few of their branches 

Awards & Accolades

FY 17-18

  • Named the Best Brand by ‘the Economic Times Best BFSI Brands 2018’
  • Financial Express/EY Best Bank 2016-17 - Nationalised Banks
  • ASSOCHAM Social Banking Excellence Awards 2017 Winner Best Social Bank category and Runner up Priority sector lending

FY 18-19

  • Best performing PSB under APY 2017-18 - PFRDA
  • Best Performance - Financial Literacy - 2018-19 - NABARD
  • Best Bank in SHG Bank linkage Programme' for 2017-18 from Govt of Tamil Nadu. Bank has bagged this award for consecutive years.
  • National Award for Best Performance in SHG Bank Linkages 2017-18 Public Sector Banks (Small Category) by National Rural Livelihoods Mission, Ministry of Rural Development, Government of India.
  • Best Financial Inclusion Initiatives - Runner up - Indian BanksAssociation (IBA).
  • ASSOCHAM - Social Banking Excellence Award 2018 - Winner in Agricultural Banking, Priority Sector Lending, Technology & Overall Best Social Bank.
  • Best Public Sector Bank Banking Excellence Award 2018 - By State Forum of Banker's Clubs Kerala.

FY 19-20

  • Technology Senate’ award from Indian Express Group for the product ‘VCollect Plus’ for enabling collection through Cash / Cheque at any branch or NEFT / RTGS through any Bank
  • MeitY Award for Digital Payments under Mid-Size Bank category for the highest digital transactions

Milestones

  • 1907: Bank was incorporated on March 5, 1907 with an Authorized Capital of Rs 20 lakhs and commenced its business on August 15, 1907.
  • 1907: In the year 1907, the Indian Bank Ltd. had the tree 'Banyan' as a part of its emblem denoting an all-around progress, growth (far and wide) and an ever increasing prosperity.
  • 1921: Bank's capital was raised to Rs 60 lakhs from Rs 20 lakhs.
  • 1932: Bank celebrated its Silver Jubilee
  • 1932: Bank opened its first overseas operations in Colombo
  • 1941: Singapore branch was opened
  • 1952: Bank's deposits crossed Rs 20 crore at the end of 1952.
  • 1957: Bank celebrated its Golden Jubilee
  • 1967: Bank celebrated its Diamond Jubilee
  • 1970: Bank's Head Office housed in a rental building, moved into the new building.
  • 1978: Indian Bank's logo was approved in July 1978 comprising of three circling arrows arranged around a central point.
  • 1980: Bank's deposit crossed Rs 1000 crore.
  • 1982: Bank celebrated its Platinum Jubilee
  • 1983: Bank crossed its Rs 1000 crore mark in credit.
  • 1985: Global Deposit crossed the Rs 3000 crore mark.
  • 1986: Global credit crossed Rs 2000 crore.
  • 1989: The era of technology initiated with the installation of Mainframe at the Head Office.
  • 1989: Indian Bank was the first Public Sector Bank to install ATM.
  • 1990: Bank of Thanjavur Ltd. (BoT) with 157 branches was amalgamated with the Bank.
  • 1993: The first total branch computerization project was inaugurated.
  • 1999: Bank's domestic deposits crossed the Rs 15000 crore mark during the year.
  • 1999: Government of India infused a sum of Rs 100 crore during March 1999 as additional capital.
  • 2002: Bank turned around by earning a net profit of Rs 33.22 crore during the year after a gap of 6 years.
  • 2002: Bank posted an operating profit of Rs 307.15 crore, with an increase of nearly 399%.
  • 2006: The centenary year celebration of the Bank was inaugurated by His Excellency the President of India Shri.AP JAbdul Kalam on 4 September.
  • 2007: Bank went in for Initial Public Offer in February, 2007.
  • 2008: Bank's business crossed the Rs 1 lakh crore mark in March 2008.
  • 2008: Achieved 100 per cent Core Banking Solutions (CBS) compliant.
  • 2011: Jaffna branch was opened on January 21, 2011.
  • 2012: Inauguration of new Hi-Tech Corporate Office, at Royapettah which is considered a landmark in Chennai.
  • 2012: Bank crossed the Rs 2 lakh crore mark in business.
  • 2013: Bank crossed the 2000 mark in branch network.
  • 2013: First Corporate Office building among PSBs in India to get the ISO 9001:2008 Certification
  • 2015: Bank's business crossed milestone of Rs 3 lakh crore in June 2015.
  • 2018: Bank was the only PSB which had not received capital from Govt of India.
  • 2019: Bank's business crossed Rs 4.5 lakh crore in December 2019.
  • 2019: Government of India announced Amalgamation of Allahabad Bank - a bank with 155 years legacy into Indian Bank.
  • 2020: Indian Bank launches emergency credit facilities for agriculture sector
  • 2021: Indian Bank entered into an Memorandum of Understanding (MOU) with Society for Innovation and Development (SID), an initiative of Indian Institute of Science, for extending exclusive credit facility to Start-ups and MSMEs.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+0.43%
1 Week
+0.22%
1 Month
-5.93%
3 Month
+27.44%
6 Month
+55.83%
1 Year
+132.39%
2 Year
-34.47%
5 Year
-8.19%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 15.89 10.42 8.29 5.40 9.94 8.19 1.79 3.57 9.69
Return on Assets (%) 1.04 0.66 0.53 0.36 0.67 0.54 0.12 0.26 0.64
Net Interest Margin 2.88 2.43 2.41 2.29 2.50 2.60 2.63 2.59 2.63
Yield on Advances (%) 13.15 12.48 12.59 12.59 12.56 10.93 10.58 10.81 10.74

Balance Sheet View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Shh. Funds 12,093 14,024 15,029 16,490 17,434 18,715 19,715 22,768 39,458
Minority Int. 15 15 16 17 19 20 20 21 23
Deposits 141,968 162,255 169,204 178,259 182,480 208,262 242,041 260,184 538,030
Borrowings 2,863 4,964 2,646 3,509 12,637 19,760 12,138 20,830 26,203
Other Liab. 6,016 6,130 6,140 5,666 5,938 6,224 6,474 6,338 24,400
Total Liab. 162,953 187,388 193,036 203,941 218,507 252,981 280,388 310,141 628,114
Fixed Assets 1,697 2,938 2,974 3,516 3,447 3,422 3,965 3,899 7,393
Investments 41,899 46,935 46,060 53,283 67,781 71,619 65,272 81,871 178,292
Advances 105,647 122,212 125,870 129,055 127,708 156,569 181,262 197,887 364,010
Cash & Bank 9,639 10,494 13,082 12,000 10,047 12,934 20,028 13,936 54,100
Other Assets 4,071 4,808 5,049 6,088 9,525 8,438 9,862 12,547 24,319
Total Assets 162,953 187,388 193,036 203,941 218,507 252,981 280,388 310,141 628,114

Profit Loss View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Interest Earned 13,898 15,249 15,853 16,244 16,039 17,115 19,182 21,401 39,108
Other Income 1,290 1,378 1,372 1,789 2,222 2,417 1,891 3,326 6,540
Total Income 15,187 16,627 17,226 18,033 18,262 19,532 21,074 24,727 45,649
Operating Exp. -2,758 -2,838 -2,825 -3,202 -3,363 -3,673 -4,028 -4,433 -10,789
Provisions -1,235 -1,426 -1,534 -2,077 -2,241 -3,927 -4,595 -5,119 -8,504
PBIT 11,194 12,364 12,867 12,754 12,657 11,932 12,450 15,175 26,355
Interest -9,367 -10,887 -11,390 -11,795 -10,891 -10,851 -12,167 -13,798 -23,439
Tax -245 -317 -463 -244 -353 183 38 -619 99
PAT 1,582 1,160 1,013 715 1,413 1,263 321 758 3,016

Cash Flow View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 3,447 -725 5,136 -931 -10,814 -3,676 6,270 -8,396 17,065
Cash Fr. Inv. -191 -147 -236 -772 -179 -214 -249 -247 -545
Cash Fr. Finan. -2,431 1,727 -2,312 620 9,041 6,776 1,000 2,552 1,866
Net Change 825 855 2,588 -1,082 -1,952 2,886 7,021 -6,091 18,385
Cash & Cash Eqvt 9,639 10,494 13,082 12,000 10,047 12,934 20,028 13,936 54,100

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 79.62 79.62 83.46 83.46 88.06 88.06 88.06 88.06 79.86
Public 20.38 20.38 16.54 16.54 11.94 11.94 11.94 11.94 20.14
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Fri, 23 Jul 2021
Disclosure Of Information Under Regulation 30 Of The SEBI (LODR) Regulations 2015: Reporting Of Borrowal Fraud Of Bank''s Exposure
Disclosure of Information under Regulation 30 of the SEBI (LODR) Regulations 2015: Reporting of Borrowal Fraud of Banks Exposure
Mon, 19 Jul 2021
Unaudited/Reviewed Standalone/ Consolidated Financial Results Of The Bank For The First Quarter Of FY 2021-22 Ended On June 30 2021
Unaudited/Reviewed Standalone/ Consolidated Financial Results of the Bank for the First Quarter of FY 2021-22 ended on June 30 2021
Mon, 19 Jul 2021
Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press release on Unaudited / Reviewed Financial Results of the Bank for the First Quarter of FY 2021-22 ended on June 30 2021

Technical Scans View Details

Mon, 26 Jul 2021
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Both SRS And ARS Above Zero Both SRS And ARS Above Zero
ATR Decreasing for 3 Days ATR Decreasing for 3 Days

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