Edition:
India

Indian Bank (INBA.NS)

INBA.NS on National Stock Exchange of India

120.00INR
9:42am IST
Change (% chg)

Rs2.10 (+1.78%)
Prev Close
Rs117.90
Open
Rs118.70
Day's High
Rs121.00
Day's Low
Rs118.35
Volume
299,761
Avg. Vol
1,481,182
52-wk High
Rs292.70
52-wk Low
Rs108.00

Latest Key Developments (Source: Significant Developments)

Indian Bank Says Cenbank Imposes Penalty
Wednesday, 20 Nov 2019 

Nov 20 (Reuters) - Indian Bank ::INDIA'S CENBANK IMPOSES PENALTY OF 17.5 MILLION RUPEES ON BANK FOR NON-COMPLIANCE WITH DIRECTIONS.SAID PENALTY WILL NOT HAVE ANY MATERIAL IMPACT ON THE BANK.  Full Article

Indian Bank Sept-qtr Domestin NIM 2.92%
Wednesday, 23 Oct 2019 

Oct 23 (Reuters) - Indian Bank ::NET INTEREST MARGIN (NIM) (DOMESTIC) DECLINED BY 9 BASIS POINTS (BPS) AND TOUCHED 2.92% FOR THE QUARTER ENDED SEPTEMBER 30.  Full Article

Indian Bank Sept-Qtr Net Profit Jumps
Wednesday, 23 Oct 2019 

Oct 23 (Reuters) - Indian Bank ::SEPT QUARTER NET PROFIT 3.59 BILLION RUPEES VERSUS PROFIT OF 1.5 BILLION RUPEES YEAR AGO.SEPT QUARTER INTEREST EARNED 53.08 BILLION RUPEES VERSUS 47.01 BILLION RUPEES YEAR AGO.SEPT QUARTER GROSS NPA 7.20% VERSUS 7.33% PREVIOUS QUARTER.SEPT QUARTER PROVISIONS AND CONTINGENCIES 9.09 BILLION RUPEES VERSUS 10.04 BILLION RUPEES YEAR AGO.SEPT QUARTER NET NPA 3.54% VERSUS 3.84% PREVIOUS QUARTER.SEPT QUARTER PROVISIONS FOR NPAS 7.21 BILLION RUPEES VERSUS 7.52 BILLION RUPEES YEAR AGO.  Full Article

Moody's Says Proposed Consolidation Credit Positive For Indian State-Owned Banks
Thursday, 5 Sep 2019 

Sept 5 (Reuters) - :MOODY'S SAYS PROPOSED CONSOLIDATION IS CREDIT POSITIVE FOR INDIAN STATE-OWNED BANKS.MOODY'S SAYS CONSOLIDATION PLAN TO BENEFIT INDIAN STATE-RUN BANKS AS IT WILL RESULT IN INCREASED OPERATIONAL SCALE AND CAPITAL.MOODY'S SAYS CONSOLIDATION PLAN TO BENEFIT INDIAN STATE-RUN BANKS AS IT WILL ALSO LONGER-TERM POTENTIALLY LEAD TO IMPROVED CORPORATE GOVERNANCE.MOODY'S SAYS EXPECT MERGERS OF INDIAN STATE-RUN BANKS TO BE COMPLETED BY THE MIDDLE OF NEXT YEAR.MOODY'S SAYS ASSET QUALITY AND PROFITABILITY OF INDIAN STATE-RUN BANKS TO REMAIN BROADLY UNCHANGED AFTER CONSOLIDATION.  Full Article

Indian Bank June-Qtr Domestic NIM 2.85%
Monday, 5 Aug 2019 

Aug 5 (Reuters) - Indian Bank ::JUNE QUARTER DOMESTIC NIM 2.85%.  Full Article

Indian Bank Posts March-Qtr Net Loss
Tuesday, 14 May 2019 

May 14 (Reuters) - Indian Bank ::MARCH QUARTER NET LOSS 1.90 BILLION RUPEES VERSUS PROFIT OF 1.32 BILLION RUPEES YEAR AGO.MARCH QUARTER INTEREST EARNED 49.68 BILLION RUPEES VERSUS 44.64 BILLION RUPEES YEAR AGO.MARCH QUARTER PROVISIONS AND CONTINGENCIES 16.39 BILLION RUPEES VERSUS 15.46 BILLION RUPEES YEAR AGO.MARCH QUARTER PROVISIONS FOR NPAS 14.33 BILLION RUPEES VERSUS 17.72 BILLION RUPEES YEAR AGO.MARCH QUARTER GROSS NPA 7.11 PERCENT VERSUS 7.46 PERCENT PREVIOUS QUARTER.MARCH QUARTER NET NPA 3.75 PERCENT VERSUS 4.42 PERCENT PREVIOUS QUARTER.  Full Article

Indian Bank Says Finmin Notifies Amalgamation Of Regional Rural Banks
Friday, 29 Mar 2019 

March 29 (Reuters) - Indian Bank ::FINMIN NOTIFIES AMALGAMATION OF PALLAVAN GRAMA BANK, SPONSORED BY CO & PANDYAN GRAMA BANK IN TAMIL NADU INTO SINGLE REGIONAL RURAL BANK.  Full Article

Indian Bank Gets Shareholders' Nod For Raising Up To 70 Bln Rupees
Thursday, 28 Mar 2019 

March 28 (Reuters) - Indian Bank ::GETS SHAREHOLDERS' NOD FOR RAISING UPTO 70 BILLION RUPEES IN ONE OR MORE TRANCHES.  Full Article

Indian Bank Sept-Qtr NIM 2.97 Pct
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Indian Bank ::SEPT QUARTER NET INTEREST MARGIN IMPROVED BY 12 BPS, UP FROM 2.85 PERCENT TO 2.97 PERCENT.  Full Article

Indian Bank Sept-Qtr Net Profit Falls
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Indian Bank ::SEPT QUARTER NET PROFIT 1.50 BILLION RUPEES VERSUS PROFIT OF 4.52 BILLION RUPEES YEAR AGO.SEPT QUARTER INTEREST EARNED 47.01 BILLION RUPEES VERSUS 41.60 BILLION RUPEES YEAR AGO.SEPT QUARTER PROVISIONS AND CONTINGENCIES 10.04 BILLION RUPEES VERSUS 7.45 BILLION RUPEES YEAR AGO.SEPT QUARTER PROVISIONS FOR NPAS 7.52 BILLION RUPEES VERSUS 6.33 BILLION RUPEES YEAR AGO.SEPT QUARTER GROSS NPA 7.16 PERCENT VERSUS 7.20 PERCENT PREVIOUS QUARTER.SEPT QUARTER NET NPA 4.23 PERCENT VERSUS 3.79 PERCENT PREVIOUS QUARTER.MADE PROVISION OF 2.80 BILLION RUPEES IN QUARTER FOR MARK TO MARKET LOSSES.  Full Article

CARE ratings for Indian debt instruments-Oct 7

Oct 7 Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of October 4, 2019. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------- ---------- ------ ------- --------- SHORT TERM RATINGS: ------------------- Ahimsa Industries Ltd ST Bk Fac