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Latest news about Indian Bank

Indian Bank Sees Major Block Trade: Over 1 Million Shares Change Hands 2 days ago

A significant block trade of Indian Bank shares occurred on the National Stock Exchange (NSE). The transaction involved 1,053,728 shares, valued at Rs. 65.87 crores, with each share priced at Rs. 625.10. This large-scale trade indicates substantial investor interest in the public sector bank, potentially reflecting broader trends in the banking sector.

Indian Bank Shares: Major Block Trade Worth Rs. 61.81 Crores on NSE 7 days ago

Indian Bank Shares: Block Trade of 6.37 Lakh Shares Worth Rs. 39.72 Crores 8 days ago

Indian Bank Announces Rs 16.25 Final Dividend, Reports 32% Profit Growth in Q4 FY2025 9 days ago

Indian Bank Sees Major Block Trade: 701,274 Shares Sold for Rs. 45.47 Crores 9 days ago

More news about Indian Bank

15May 25

Indian Bank Unveils New Fixed Deposit Schemes with Attractive Interest Rates

Indian Bank introduced two new fixed deposit schemes: IND SECURE (444 days) offering up to 7.90% interest, and IND GREEN (555 days) offering up to 7.55%. The bank also revised interest rates for other tenures, with 1-year FDs now at 6.10% and 2-3 year FDs at 6.70%. These new schemes replace the discontinued IND Super 400 Days and IND Supreme 300 Days schemes, providing depositors with higher returns and more flexible investment options.

05May 25

Indian Bank Reports Impressive Q4 Profit Surge

Indian Bank announced impressive Q4 results for the fiscal year, with net profit soaring to ₹2,956.00 crore, a 31.60% increase from the previous year. Interest income also grew by 8.20% to ₹15,800.00 crore. These strong figures indicate effective strategies and robust performance in core banking operations.

03May 25

Indian Bank: Q4 Profit Soars 32%, Asset Quality Improves

Indian Bank announced strong financial results for Q4 and FY25. Net profit increased by 32% YoY to ₹2,956.00 crore in Q4, while NII rose 6.2% to ₹6,389.00 crore. The bank significantly improved its asset quality, with GNPA ratio decreasing to 3.09% from 3.95% YoY. For FY25, net profit grew 35% to ₹10,918.00 crore. The bank declared a dividend of ₹12.60 per equity share for FY25.

24Apr 25

Indian Bank Schedules Board Meeting to Review Q4 Results and Discuss Capital Raising

Indian Bank has scheduled a board meeting for May 3, 2025, to review Q4 and FY 2024-25 financial results, consider dividend recommendation, and discuss capital raising proposals. The trading window for insiders will remain closed until May 5, 2025.

09Apr 25

Indian Bank Slashes Lending Rates Following RBI's Repo Rate Cut

Indian Bank has reduced its lending rates effective April 11, 2025. The Repo-Based Lending Rate is cut from 6.25% to 6.00%, and the Repo-Linked Benchmark Lending Rate (RBLR) from 9.05% to 8.70%. This aligns with RBI's recent 25 basis point repo rate reduction. Additionally, Indian Bank's sponsored Saptagiri Grameena Bank will merge into Andhra Pradesh Grameena Bank from May 1, 2025, as part of a broader rural banking consolidation initiative.

08Apr 25

Indian Bank's Saptagiri Grameena Bank to Merge with Andhra Pradesh Grameena Bank

Indian Bank announced that its sponsored entity, Saptagiri Grameena Bank, will be amalgamated into Andhra Pradesh Grameena Bank effective May 1, 2025. This merger is part of a larger consolidation of regional rural banks in Andhra Pradesh, including Chaitanya Godavari Grameena Bank, Andhra Pragathi Grameena Bank, and Andhra Pradesh Grameena Vikas Bank. The new consolidated entity will be sponsored by Union Bank of India, marking a shift from Indian Bank's current sponsorship role.

07Apr 25

Indian Bank Reports Robust Q4 Business Growth Across Key Metrics

Indian Bank's Q4 business update reveals significant growth. Total business increased by 5.10% to ₹13.25 lakh crore, deposits grew by 5.00% to ₹7.37 lakh crore, and gross advances rose by 5.20% to ₹5.88 lakh crore. This consistent growth across all key metrics indicates the bank's expanding operations, increasing customer confidence, and continued support to various economic sectors.

04Apr 25

Indian Bank Reports Robust Q4 Growth Across Key Metrics

Indian Bank's Q4 FY2024-25 business update shows significant growth across key financial metrics. Total business increased by 5.1% quarter-on-quarter to ₹13.25 lakh crore. Total deposits grew by 5% to ₹7.37 lakh crore, while gross advances expanded by 5.2% to ₹5.88 lakh crore. The domestic RAM (Retail, Agriculture, and MSME) portfolio also saw a 4.8% growth, reaching ₹3.51 lakh crore. These figures are provisional and subject to audit.

26Mar 25

Indian Bank Faces ₹873.15 Crore Tax Demand, Plans to Appeal

Indian Bank has received a tax demand of ₹873.15 crore for the assessment year 2017-18 from the Income Tax Department. The bank plans to file an appeal, citing strong grounds and precedents. It expects the entire demand to be set aside and assures no material impact on its financials or operations.

21Mar 25

Indian Bank Approves ₹5,000 Crore Additional Infrastructure Bond Issuance

Indian Bank's Board has approved raising up to ₹5,000 crore through Long Term Infrastructure Bonds, in addition to the ₹10,000 crore already raised in FY 2024-25. The bonds will be issued in tranches during the current or subsequent financial year to finance or refinance infrastructure and affordable housing projects. This move aims to strengthen the bank's position in infrastructure financing and aligns with India's focus on infrastructure development.

20Mar 25

Indian Bank Approves ₹5,000 Crore Additional Infrastructure Bond Issuance

Indian Bank's Board of Directors has approved raising up to ₹5,000 crore through Long Term Infrastructure Bonds, in addition to the ₹10,000 crore already raised in FY 2024-25. The bonds will be issued in one or more tranches during the current or subsequent financial year, aimed at financing or refinancing infrastructure and affordable housing projects. The bank plans to execute the issuance at an opportune time based on requirements, in compliance with RBI guidelines and relevant regulations.

15Mar 25

Indian Bank to Consider Fundraising Plan Amid Strong Q3 Performance

Indian Bank will discuss potential fundraising in a board meeting on March 20, 2025, following impressive Q3 FY2024-25 results. The bank reported a 35% year-on-year increase in net profit, with net profit rising to ₹2,910.2 crore, revenue growing to ₹18,167.6 crore, and EPS improving to ₹21.6. The bank also saw improvements in asset quality and operational efficiency.

14Mar 25

Indian Bank to Deliberate on Fund Raising Plan in Upcoming Board Meeting

Indian Bank has announced a board meeting on March 20, 2025, to consider a fund raising proposal. The public sector lender aims to explore options for strengthening its capital position or seeking new funding avenues. While specific details remain undisclosed, such initiatives typically focus on improving capital adequacy, supporting business expansion, enhancing lending capabilities, meeting regulatory requirements, and investing in technology and infrastructure.

20Feb 25

Indian Bank Recovers ₹235 Crore in Assets from Money Laundering Case

The Enforcement Directorate has restored immovable properties worth ₹235 crore to Indian Bank in connection with a money laundering case involving Saravana Stores. This recovery, while significant, represents a small fraction of the bank's total assets of ₹792,619 crore. The bank has shown strong growth in total assets and equity over the past year, with this recovery potentially improving its asset quality and profitability.