INDIANB
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Recent events
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Indian Bank gains on higher quarterly profit, better asset quality
** Shares of Indian Bank INBA.NS climb 3.1% to 643.7 rupees
** Stock among top gainers in state-owned banks index .NIFTYPSU
** INBA reports ~24% rise in Q1 profit, helped by a sharp fall in provisions
** Gross bad loan ratio improves to 3.01% from 3.09% last quarter and 3.77% last year
** Over 3 mln shares traded, 1.5x the 30-day avg volume
** INBA rated "buy" on average, like most other public sector banks - data compiled by LSEG
** Stock up ~22% YTD, top gainer on public sector banks index .NIFTYPSU, which is up 8.5% this year
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
** Shares of Indian Bank INBA.NS climb 3.1% to 643.7 rupees
** Stock among top gainers in state-owned banks index .NIFTYPSU
** INBA reports ~24% rise in Q1 profit, helped by a sharp fall in provisions
** Gross bad loan ratio improves to 3.01% from 3.09% last quarter and 3.77% last year
** Over 3 mln shares traded, 1.5x the 30-day avg volume
** INBA rated "buy" on average, like most other public sector banks - data compiled by LSEG
** Stock up ~22% YTD, top gainer on public sector banks index .NIFTYPSU, which is up 8.5% this year
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
Indian Bank Provisional Gross Advances As On June 30 Up 11.3% Y/Y
July 2 (Reuters) - Indian Bank INBA.NS:
INDIAN BANK - PROVISIONAL GROSS ADVANCES AS ON JUNE 30 UP 11.3% Y/Y
INDIAN BANK - PROVISIONAL TOTAL DEPOSITS UP 9.3% AS OF JUNE 30
Source text: ID:nBSE62GhNY
Further company coverage: INBA.NS
(([email protected];;))
July 2 (Reuters) - Indian Bank INBA.NS:
INDIAN BANK - PROVISIONAL GROSS ADVANCES AS ON JUNE 30 UP 11.3% Y/Y
INDIAN BANK - PROVISIONAL TOTAL DEPOSITS UP 9.3% AS OF JUNE 30
Source text: ID:nBSE62GhNY
Further company coverage: INBA.NS
(([email protected];;))
Sumitomo Mitsui Financial Group Inc. Releases Presentation on Investment in YES BANK and Growth Potential in Indian Commercial Banking
Sumitomo Mitsui Financial Group Inc. announced its investment strategy in YES BANK Limited, acquiring 20% of the Indian bank's outstanding common shares. The investment, valued at INR 134.8 billion, is aimed at making YES BANK an equity method affiliate of SMFG and SMBC. This move marks the completion of SMFG's Multi-Franchise Strategy by entering the Indian commercial banking sector. YES BANK, the sixth-largest private commercial bank in India, is seen as a key component in SMFG's strategy to capitalize on the growing Indian banking sector, which is shifting from state-owned to private banks. The bank has a network of over 1,200 branches across India, with a focus on SMEs and retail sectors, supported by strong deposit growth and digital initiatives. This investment is expected to offer a return on equity of over 10% by the fifth year. You can access the full presentation through the link below.
Sumitomo Mitsui Financial Group Inc. announced its investment strategy in YES BANK Limited, acquiring 20% of the Indian bank's outstanding common shares. The investment, valued at INR 134.8 billion, is aimed at making YES BANK an equity method affiliate of SMFG and SMBC. This move marks the completion of SMFG's Multi-Franchise Strategy by entering the Indian commercial banking sector. YES BANK, the sixth-largest private commercial bank in India, is seen as a key component in SMFG's strategy to capitalize on the growing Indian banking sector, which is shifting from state-owned to private banks. The bank has a network of over 1,200 branches across India, with a focus on SMEs and retail sectors, supported by strong deposit growth and digital initiatives. This investment is expected to offer a return on equity of over 10% by the fifth year. You can access the full presentation through the link below.
Indian Bank up after Q4 profit rises
** Shares of state-run Indian Bank INBA.NS rise as much as 4% to 580.55 rupees
** INBA on Saturday reported ~32% Y/Y rise in Q4 net profit; interest earned rose 8.4% Y/Y
** Gross NPA improves to 3.09% from 3.26% in Q3
** Stock on track to snap three straight sessions of loss, if trend holds
** More than 2.8 mln shares change hands, 2.6x 30-day avg
** Avg rating of nine analysts equivalent of "buy", median PT is 675 rupees - data compiled by LSEG
** Stock last up 3.9%, taking YTD gains to 9.4%
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of state-run Indian Bank INBA.NS rise as much as 4% to 580.55 rupees
** INBA on Saturday reported ~32% Y/Y rise in Q4 net profit; interest earned rose 8.4% Y/Y
** Gross NPA improves to 3.09% from 3.26% in Q3
** Stock on track to snap three straight sessions of loss, if trend holds
** More than 2.8 mln shares change hands, 2.6x 30-day avg
** Avg rating of nine analysts equivalent of "buy", median PT is 675 rupees - data compiled by LSEG
** Stock last up 3.9%, taking YTD gains to 9.4%
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
Indian Bank To Consider A Proposal Regarding Capital Raising
April 24 (Reuters) - Indian Bank INBA.NS:
INDIAN BANK - TO CONSIDER A PROPOSAL REGARDING CAPITAL RAISING
Source text: ID:nBSE4NrD9
Further company coverage: INBA.NS
(([email protected];))
April 24 (Reuters) - Indian Bank INBA.NS:
INDIAN BANK - TO CONSIDER A PROPOSAL REGARDING CAPITAL RAISING
Source text: ID:nBSE4NrD9
Further company coverage: INBA.NS
(([email protected];))
Indian Bank - Total Deposits Grew 5.0% Q-O-Q As At March End
Indian Bank INBA.NS:
INDIAN BANK - TOTAL DEPOSITS GREW 5.0% Q-O-Q AS AT MARCH END
INDIAN BANK - ADVANCES GREW 5.2% Q-O-Q AS AT MARCH END
Source text: ID:nNSE6JdQ1W
Further company coverage: INBA.NS
Indian Bank INBA.NS:
INDIAN BANK - TOTAL DEPOSITS GREW 5.0% Q-O-Q AS AT MARCH END
INDIAN BANK - ADVANCES GREW 5.2% Q-O-Q AS AT MARCH END
Source text: ID:nNSE6JdQ1W
Further company coverage: INBA.NS
Indian Bank Approves Raising Additional Infrastructure Bonds Up To 50 Billion Rupees
March 20 (Reuters) - Indian Bank INBA.NS:
INDIAN BANK - APPROVES RAISING ADDITIONAL INFRASTRUCTURE BONDS UP TO 50 BILLION RUPEES
Source text: ID:nBSEKX3m7
Further company coverage: INBA.NS
(([email protected];;))
March 20 (Reuters) - Indian Bank INBA.NS:
INDIAN BANK - APPROVES RAISING ADDITIONAL INFRASTRUCTURE BONDS UP TO 50 BILLION RUPEES
Source text: ID:nBSEKX3m7
Further company coverage: INBA.NS
(([email protected];;))
Indian Bank To Consider Fund Raising Plan
March 14 (Reuters) - Indian Bank INBA.NS:
INDIAN BANK - BOARD TO MEET ON MARCH 20 TO CONSIDER FUND RAISING PLAN
Source text: ID:nBSE4J3VVl
Further company coverage: INBA.NS
(([email protected];))
March 14 (Reuters) - Indian Bank INBA.NS:
INDIAN BANK - BOARD TO MEET ON MARCH 20 TO CONSIDER FUND RAISING PLAN
Source text: ID:nBSE4J3VVl
Further company coverage: INBA.NS
(([email protected];))
India Enforcement Directorate Restores Immovable Properties Worth 2.35 Billion Rupees To Indian Bank
Feb 19 (Reuters) - Indian Bank INBA.NS:
INDIA ENFORCEMENT DIRECTORATE RESTORES IMMOVABLE PROPERTIES WORTH 2.35 BILLION RUPEES TO INDIAN BANK
INDIA'S ED RESTORES IMMOVABLE PROPERTIES TO INDIAN BANK REGARDING MONEY LAUNDERING CASE OF SARAVANA STORES
Source text: [ID:]
Further company coverage: INBA.NS
(([email protected];;))
Feb 19 (Reuters) - Indian Bank INBA.NS:
INDIA ENFORCEMENT DIRECTORATE RESTORES IMMOVABLE PROPERTIES WORTH 2.35 BILLION RUPEES TO INDIAN BANK
INDIA'S ED RESTORES IMMOVABLE PROPERTIES TO INDIAN BANK REGARDING MONEY LAUNDERING CASE OF SARAVANA STORES
Source text: [ID:]
Further company coverage: INBA.NS
(([email protected];;))
Indian Bank Q3 Net Profit 28.52 Bln Rupees
Jan 29 (Reuters) - Indian Bank INBA.NS:
Q3 NET PROFIT 28.52 BILLION RUPEES
Q3 GROSS NPA 3.26%
Q3 INTEREST EARNED 157.59 BILLION RUPEES
Q3 PROVISIONS AND CONTINGENCIES 10.59 BILLION RUPEES
Further company coverage: INBA.NS
(([email protected];))
Jan 29 (Reuters) - Indian Bank INBA.NS:
Q3 NET PROFIT 28.52 BILLION RUPEES
Q3 GROSS NPA 3.26%
Q3 INTEREST EARNED 157.59 BILLION RUPEES
Q3 PROVISIONS AND CONTINGENCIES 10.59 BILLION RUPEES
Further company coverage: INBA.NS
(([email protected];))
Signs of rising asset quality stress spook Indian bank stocks
By Siddhi Nayak
MUMBAI, Jan 20 (Reuters) - The stock prices of Indian private lenders that have reported an increase in bad loans in their personal loans and micro-credit businesses are bearing the brunt of investors' fears of a U-turn in the asset-quality cycle for the country's banks.
RBL Bank's shares RATB.NS fell as much as 5.8% on Monday after the lender reported a near 28% sequential jump in quarterly slippages, or loans that were classified as non-performing for the first time.
Axis Bank AXBK.NS, India's third-largest private bank, forecast retail asset quality would take a few more quarters to normalise. Its stock sank 4.5% on Friday and dropped a further 1.1% on Monday.
Kotak Mahindra Bank KTKM.NS, however, gained 9% after reporting lower slippages than the previous quarter, although it also warned that the stress in parts of its loan book would persist.
Indian banks are grappling with rising bad loans, particularly in sectors such as microfinance, credit cards and personal loans. Analysts have attributed this to over-leveraging and an increase in loans outstanding per borrower.
The rise in delinquencies has forced lenders to allocate more funds for potential losses and pare back loan growth in these segments, which, in turn, hurts profitability.
"The sign of stress that is visible across microfinance and unsecured loans is a mild symptom of a tougher macro environment," said Kranthi Bathini, director of equity strategy at Wealthmills Securities.
"That is largely because banks are conservative towards loan growth, which coupled with tighter liquidity conditions, could mean that an economic recovery could be prolonged."
RBL Bank -- over 50% of whose slippages came from credit cards and microfinance loans -- should start seeing a normalisation in asset quality in the unsecured segment latest by July-September, CEO R Subramaniakumar said on a post-earnings call.
Kotak's gross non-performing assets ratio worsened slightly at the end of December and the lender said it would be cautious about unsecured loans going forward.
The stress "will take a couple of quarters to normalise," starting only from April-June, CEO Ashok Vaswani said at a media conference on Saturday.
Banks' gross NPA (non-performing asset) ratio could rise to 3% by the end of March 2026, from a 12-year low of 2.6% last September, the central bank said in its Financial Stability Report in December.
(Reporting by Siddhi Nayak; Editing by Savio D'Souza)
(([email protected]; +91 22 6921 7848; X: https://twitter.com/siddhiVnayak))
By Siddhi Nayak
MUMBAI, Jan 20 (Reuters) - The stock prices of Indian private lenders that have reported an increase in bad loans in their personal loans and micro-credit businesses are bearing the brunt of investors' fears of a U-turn in the asset-quality cycle for the country's banks.
RBL Bank's shares RATB.NS fell as much as 5.8% on Monday after the lender reported a near 28% sequential jump in quarterly slippages, or loans that were classified as non-performing for the first time.
Axis Bank AXBK.NS, India's third-largest private bank, forecast retail asset quality would take a few more quarters to normalise. Its stock sank 4.5% on Friday and dropped a further 1.1% on Monday.
Kotak Mahindra Bank KTKM.NS, however, gained 9% after reporting lower slippages than the previous quarter, although it also warned that the stress in parts of its loan book would persist.
Indian banks are grappling with rising bad loans, particularly in sectors such as microfinance, credit cards and personal loans. Analysts have attributed this to over-leveraging and an increase in loans outstanding per borrower.
The rise in delinquencies has forced lenders to allocate more funds for potential losses and pare back loan growth in these segments, which, in turn, hurts profitability.
"The sign of stress that is visible across microfinance and unsecured loans is a mild symptom of a tougher macro environment," said Kranthi Bathini, director of equity strategy at Wealthmills Securities.
"That is largely because banks are conservative towards loan growth, which coupled with tighter liquidity conditions, could mean that an economic recovery could be prolonged."
RBL Bank -- over 50% of whose slippages came from credit cards and microfinance loans -- should start seeing a normalisation in asset quality in the unsecured segment latest by July-September, CEO R Subramaniakumar said on a post-earnings call.
Kotak's gross non-performing assets ratio worsened slightly at the end of December and the lender said it would be cautious about unsecured loans going forward.
The stress "will take a couple of quarters to normalise," starting only from April-June, CEO Ashok Vaswani said at a media conference on Saturday.
Banks' gross NPA (non-performing asset) ratio could rise to 3% by the end of March 2026, from a 12-year low of 2.6% last September, the central bank said in its Financial Stability Report in December.
(Reporting by Siddhi Nayak; Editing by Savio D'Souza)
(([email protected]; +91 22 6921 7848; X: https://twitter.com/siddhiVnayak))
Indian Bank Says Shanti Lal Jain Ceased To Be MD, CEO
Jan 1 (Reuters) - Indian Bank INBA.NS:
INDIAN BANK - SHANTI LAL JAIN HAS CEASED TO BE MD, CEO
Source text: ID:nNSE4HGynJ
Further company coverage: INBA.NS
(([email protected];))
Jan 1 (Reuters) - Indian Bank INBA.NS:
INDIAN BANK - SHANTI LAL JAIN HAS CEASED TO BE MD, CEO
Source text: ID:nNSE4HGynJ
Further company coverage: INBA.NS
(([email protected];))
Indian Bank Says Central Bank Of Sri Lanka Imposes LKR 2 Million Penalty On Co
Dec 23 (Reuters) - Indian Bank INBA.NS:
INDIAN BANK - CENTRAL BANK OF SRI LANKA IMPOSES LKR 2 MILLION PENALTY ON INDIAN BANK
INDIAN BANK - PENALTY FOR FAILURE TO CONFORM TO FTRA PROVISIONS
Source text: ID:nNSE8tgYlw
Further company coverage: INBA.NS
(([email protected];;))
Dec 23 (Reuters) - Indian Bank INBA.NS:
INDIAN BANK - CENTRAL BANK OF SRI LANKA IMPOSES LKR 2 MILLION PENALTY ON INDIAN BANK
INDIAN BANK - PENALTY FOR FAILURE TO CONFORM TO FTRA PROVISIONS
Source text: ID:nNSE8tgYlw
Further company coverage: INBA.NS
(([email protected];;))
Indian bank stocks rise; BofA sees 'attractive' valuations compared to other sectors
Dec 3 (Reuters) - ** India's index of state-owned banks .NIFTYPSU rises 2.3%, topping sectoral gainers
** BofA Securities reiterates "buy" on Bank of Baroda BOB.NS and Union Bank UNBK.NS; BOB rises 3%, UNBK up 4%, leading gains in the sub-index
** The relative valuations in India's banks, especially state-owned banks, are quite attractive compared to other sectors, BofA says
** The superior earnings delivery at state-owned lenders in the September quarter compared to private banks has attracted investor interest, it says
** Among private banks, BofA identifies Axis Bank AXBK.NS and ICICI Bank ICBK.NS as top picks, expecting margin gains from a "shallow rate cut cycle"
** Says AXBK offers the best relative risk-reward among private banks
** AXBK gains 2%, second-biggest gainer in private bank index .NIFPVTBNK, which is up 0.9%; ICBK up by 0.4%
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
Dec 3 (Reuters) - ** India's index of state-owned banks .NIFTYPSU rises 2.3%, topping sectoral gainers
** BofA Securities reiterates "buy" on Bank of Baroda BOB.NS and Union Bank UNBK.NS; BOB rises 3%, UNBK up 4%, leading gains in the sub-index
** The relative valuations in India's banks, especially state-owned banks, are quite attractive compared to other sectors, BofA says
** The superior earnings delivery at state-owned lenders in the September quarter compared to private banks has attracted investor interest, it says
** Among private banks, BofA identifies Axis Bank AXBK.NS and ICICI Bank ICBK.NS as top picks, expecting margin gains from a "shallow rate cut cycle"
** Says AXBK offers the best relative risk-reward among private banks
** AXBK gains 2%, second-biggest gainer in private bank index .NIFPVTBNK, which is up 0.9%; ICBK up by 0.4%
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
Indian Bank Says One-Year MCLR Changed To 9.05% From 9% Earlier Effective Dec 3
Nov 29 (Reuters) - Indian Bank INBA.NS:
INDIAN BANK - ONE-YEAR MCLR CHANGED TO 9.05% FROM 9% EARLIER EFFECTIVE DEC 3
Source text: ID:nNSE7WbQqr
Further company coverage: INBA.NS
(([email protected];))
Nov 29 (Reuters) - Indian Bank INBA.NS:
INDIAN BANK - ONE-YEAR MCLR CHANGED TO 9.05% FROM 9% EARLIER EFFECTIVE DEC 3
Source text: ID:nNSE7WbQqr
Further company coverage: INBA.NS
(([email protected];))
Indian Bank Says Government Yet To Notify Appointment Of Binod Kumar As MD, CEO Of Bank
Nov 25 (Reuters) - Indian Bank INBA.NS:
GOVERNMENT YET TO NOTIFY APPOINTMENT OF BINOD KUMAR AS MD, CEO OF BANK
Source text: ID:nBSEbTLyW
Further company coverage: INBA.NS
(([email protected];))
Nov 25 (Reuters) - Indian Bank INBA.NS:
GOVERNMENT YET TO NOTIFY APPOINTMENT OF BINOD KUMAR AS MD, CEO OF BANK
Source text: ID:nBSEbTLyW
Further company coverage: INBA.NS
(([email protected];))
Indian Bank Q2 Net Profit 27.06 Bln Rupees
Oct 28 (Reuters) - Indian Bank INBA.NS:
INDIAN BANK Q2 NET PROFIT 27.06 BILLION RUPEES
INDIAN BANK Q2 GROSS NPA 3.48%
INDIAN BANK Q2 INTEREST EARNED 153.48 BILLION RUPEES
INDIAN BANK Q2 NET NPA 0.27%
INDIAN BANK Q2 PROVISIONS AND CONTINGENCIES 10.99 BILLION RUPEES
INDIAN BANK Q2 PROVISIONS FOR NPAS 8.37 BILLION RUPEES
Source text: [ID:]
Further company coverage: INBA.NS
(([email protected];))
Oct 28 (Reuters) - Indian Bank INBA.NS:
INDIAN BANK Q2 NET PROFIT 27.06 BILLION RUPEES
INDIAN BANK Q2 GROSS NPA 3.48%
INDIAN BANK Q2 INTEREST EARNED 153.48 BILLION RUPEES
INDIAN BANK Q2 NET NPA 0.27%
INDIAN BANK Q2 PROVISIONS AND CONTINGENCIES 10.99 BILLION RUPEES
INDIAN BANK Q2 PROVISIONS FOR NPAS 8.37 BILLION RUPEES
Source text: [ID:]
Further company coverage: INBA.NS
(([email protected];))
India New Issue-Indian Bank accepts bids for 10-yr infra bonds, bankers say
MUMBAI, Oct 24 (Reuters) - Indian Bank INBA.NS has accepted bids worth 50 billion rupees ($594.93 million) for infrastructure bonds maturing in 10 years, three merchant bankers said on Thursday.
The state-run lender will pay an annual coupon of 7.12% on this issue and had invited coupon and commitment bids for the issue earlier in the day, they said.
The bank did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Oct. 24:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Indian Bank | 10 years | 7.12 | 50 | Oct. 24 | AAA (Crisil, Care) |
NIIF Infra Finance | 6 years and 1 month | 7.8750 | 8 | Oct. 23 | AAA (Icra, Care) |
Aditya Birla Housing | 4 years and 10 months | To be decided | 1+5 | Oct. 25 | AAA (Icra, India Ratings) |
NABARD | 3 years and 4 months | To be decided | 30+40 | Oct. 25 | AAA (Crisil, Icra) |
Aavas Financiers | 5 years | Linked to OIS | 6.30 | Oct. 25 | AA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.0430 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
MUMBAI, Oct 24 (Reuters) - Indian Bank INBA.NS has accepted bids worth 50 billion rupees ($594.93 million) for infrastructure bonds maturing in 10 years, three merchant bankers said on Thursday.
The state-run lender will pay an annual coupon of 7.12% on this issue and had invited coupon and commitment bids for the issue earlier in the day, they said.
The bank did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Oct. 24:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Indian Bank | 10 years | 7.12 | 50 | Oct. 24 | AAA (Crisil, Care) |
NIIF Infra Finance | 6 years and 1 month | 7.8750 | 8 | Oct. 23 | AAA (Icra, Care) |
Aditya Birla Housing | 4 years and 10 months | To be decided | 1+5 | Oct. 25 | AAA (Icra, India Ratings) |
NABARD | 3 years and 4 months | To be decided | 30+40 | Oct. 25 | AAA (Crisil, Icra) |
Aavas Financiers | 5 years | Linked to OIS | 6.30 | Oct. 25 | AA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.0430 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
India New Issue-Indian Bank to issue 10-year infra bonds, bankers say
MUMBAI, Oct 23 (Reuters) - Indian Bank INBA.NS plans to raise 50 billion rupees ($594.64 million) selling infrastructure bonds maturing in 10 years, three merchant bankers said on Wednesday.
The state-run lender has invited coupon and commitment bids for the issue on Thursday, they said.
The bank did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Oct. 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Indian Bank | 10 years | To be decided | 20+30 | Oct. 24 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 84.0850 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Rashmi Aich)
MUMBAI, Oct 23 (Reuters) - Indian Bank INBA.NS plans to raise 50 billion rupees ($594.64 million) selling infrastructure bonds maturing in 10 years, three merchant bankers said on Wednesday.
The state-run lender has invited coupon and commitment bids for the issue on Thursday, they said.
The bank did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Oct. 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Indian Bank | 10 years | To be decided | 20+30 | Oct. 24 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 84.0850 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Rashmi Aich)
Ags Transact Technologies Gets Extension Of Contract From Indian Bank
Oct 10 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
EXTENSION OF CONTRACT FROM INDIAN BANK
CONTRACT WITH PROJECTED REVENUE OF 500 MILLION RUPEES OVER 3 YEARS
Source text for Eikon: [ID:]
Further company coverage: AGST.NS
(([email protected];))
Oct 10 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
EXTENSION OF CONTRACT FROM INDIAN BANK
CONTRACT WITH PROJECTED REVENUE OF 500 MILLION RUPEES OVER 3 YEARS
Source text for Eikon: [ID:]
Further company coverage: AGST.NS
(([email protected];))
Indian Bank Says MCLR Remain Unchanged
Oct 1 (Reuters) - Indian Bank INBA.NS:
MCLR REMAIN UNCHANGED
Source text for Eikon: ID:nBSE7jSFQP
Further company coverage: INBA.NS
(([email protected];;))
Oct 1 (Reuters) - Indian Bank INBA.NS:
MCLR REMAIN UNCHANGED
Source text for Eikon: ID:nBSE7jSFQP
Further company coverage: INBA.NS
(([email protected];;))
Indian Bank To Raise Fund Up To 50 Billion Rupees
Sept 26 (Reuters) - Indian Bank INBA.NS:
INDIAN BANK - APPROVED FUND RAISE OF UP TO 50 BILLION RUPEES
INDIAN BANK - APPROVED FOR RAISING ADDITIONAL LONG TERM INFRASTRUCTURE BONDS
Source text for Eikon: [ID:]
Further company coverage: INBA.NS
(([email protected];))
Sept 26 (Reuters) - Indian Bank INBA.NS:
INDIAN BANK - APPROVED FUND RAISE OF UP TO 50 BILLION RUPEES
INDIAN BANK - APPROVED FOR RAISING ADDITIONAL LONG TERM INFRASTRUCTURE BONDS
Source text for Eikon: [ID:]
Further company coverage: INBA.NS
(([email protected];))
Indian Bank rises on proposal to raise funds
** Indian Bank INBA.NS jumps 4.3% to 531.8 rupees
** Stock set for its best day since June 3
** Lender, on Sept. 26, will consider raising funds
** INBA sees third-busiest day in over a week
** Stock up 21% YTD
(Reporting by Aleef Jahan in Bengaluru)
** Indian Bank INBA.NS jumps 4.3% to 531.8 rupees
** Stock set for its best day since June 3
** Lender, on Sept. 26, will consider raising funds
** INBA sees third-busiest day in over a week
** Stock up 21% YTD
(Reporting by Aleef Jahan in Bengaluru)
REFILE-Oil India aims to operate Numaligarh refinery at 180,000 bpd capacity by 2027
Fixes headline
By Nidhi Verma
NEW DELHI, Sept 14 (Reuters) - State-run explorer Oil India OILI.NS Ltd hopes to operate its refinery in the northeastern state of Assam at an expanded capacity of 180,000 barrels per day (bpd) in the fiscal year to March 2027, Chairman Ranjit Rath said on Saturday.
Oil India's subsidiary Numaligarh Refinery Ltd (NRL) is expanding the capacity of the plant from the current 60,000 bpd and laying a crude oil pipeline connecting the refinery to Paradip Port in eastern state of Odisha, Rath said.
"Both the projects are on schedule and are expected to be commissioned in December 2025," he told a press conference.
The company would import about 110,000 bpd of crude for processing at the expanded refinery, he said.
Oil India plans to invest 250 billion rupees ($3 billion) by 2030 across various projects, including clean energy assets.
NRL is also setting up a 50,000 tons per year biorefinery to produce ethanol using bamboo as feedstock.
Rath said ethanol production from the Assam biorefinery is expected to start by the end of September.
As well as supplying the northeast of the country with fuel, NRL also provides diesel to Bangladesh through a pipeline with a 1 million tons per year capacity.
Rath said there was no disruption to Bangladesh diesel supplies despite a political crisis in the state.
"Letter of credit is in place for supplies to Bangladesh," he said.
Oil India has a stake in two upstream projects in Russia-Vankorneft and Tass-Yuryakh. Its dividend of $250 million is in Moscow branch of an Indian Bank and is yet to be repatriated, he said.
Other Indian companies also hold stakes in the two projects. About $600 billion in total dividends is yet to be received by the companies, he added.
($1 = 83.8800 Indian rupees)
(Reporting by Nidhi Verma;)
(([email protected];))
Fixes headline
By Nidhi Verma
NEW DELHI, Sept 14 (Reuters) - State-run explorer Oil India OILI.NS Ltd hopes to operate its refinery in the northeastern state of Assam at an expanded capacity of 180,000 barrels per day (bpd) in the fiscal year to March 2027, Chairman Ranjit Rath said on Saturday.
Oil India's subsidiary Numaligarh Refinery Ltd (NRL) is expanding the capacity of the plant from the current 60,000 bpd and laying a crude oil pipeline connecting the refinery to Paradip Port in eastern state of Odisha, Rath said.
"Both the projects are on schedule and are expected to be commissioned in December 2025," he told a press conference.
The company would import about 110,000 bpd of crude for processing at the expanded refinery, he said.
Oil India plans to invest 250 billion rupees ($3 billion) by 2030 across various projects, including clean energy assets.
NRL is also setting up a 50,000 tons per year biorefinery to produce ethanol using bamboo as feedstock.
Rath said ethanol production from the Assam biorefinery is expected to start by the end of September.
As well as supplying the northeast of the country with fuel, NRL also provides diesel to Bangladesh through a pipeline with a 1 million tons per year capacity.
Rath said there was no disruption to Bangladesh diesel supplies despite a political crisis in the state.
"Letter of credit is in place for supplies to Bangladesh," he said.
Oil India has a stake in two upstream projects in Russia-Vankorneft and Tass-Yuryakh. Its dividend of $250 million is in Moscow branch of an Indian Bank and is yet to be repatriated, he said.
Other Indian companies also hold stakes in the two projects. About $600 billion in total dividends is yet to be received by the companies, he added.
($1 = 83.8800 Indian rupees)
(Reporting by Nidhi Verma;)
(([email protected];))
India New Issue-Indian Bank accepts bids for infrastructure bond issue, bankers say
MUMBAI, Sept 12 (Reuters) - Indian Bank INBA.NS has accepted bids worth 50 billion rupees ($595.6 million) for infrastructure bonds maturing in 10 years, three merchant bankers said on Thursday.
The state-run lender has set a coupon of 7.24%. It had invited coupon and commitment bids for the issue earlier in the day.
Here is the list of deals reported so far on Sept. 12
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Indian Bank | 10 years | 7.24 | 50 | Sept 12 | AAA (Crisil) |
Aditya Birla Fashion | 2 year and 3 months | 7.86 | 5 | Sept 11 | AA+ (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 83.9520 Indian rupees)
(Reporting by Bhakti Tambe and Dharamraj Dhutia)
MUMBAI, Sept 12 (Reuters) - Indian Bank INBA.NS has accepted bids worth 50 billion rupees ($595.6 million) for infrastructure bonds maturing in 10 years, three merchant bankers said on Thursday.
The state-run lender has set a coupon of 7.24%. It had invited coupon and commitment bids for the issue earlier in the day.
Here is the list of deals reported so far on Sept. 12
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Indian Bank | 10 years | 7.24 | 50 | Sept 12 | AAA (Crisil) |
Aditya Birla Fashion | 2 year and 3 months | 7.86 | 5 | Sept 11 | AA+ (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 83.9520 Indian rupees)
(Reporting by Bhakti Tambe and Dharamraj Dhutia)
India New Issue-Indian Bank to issue 10-year infra bonds, bankers say
MUMBAI, Sept 9 (Reuters) - Indian Bank INBA.NS plans to raise 50 billion rupees ($595.7 million), including a greenshoe option of 30 billion rupees, through the sale of infrastructure bonds maturing in 10 years, three merchant bankers said on Monday.
The state-run lender has invited coupon and commitment bids for the issue on Thursday, they said.
Here is the list of deals reported so far on Sept. 9
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Indian Bank | 10 years | To be decided | 20+30 | Sept 12 | AAA (Crisil) |
Shriram Finance | 10 years | To be decided | 10+5 | Sept 10 | AA+ (Crisil) |
Aditya Birla Housing | 5 years | To be decided | 1+4 | Sept 10 | AAA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 83.9320 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, Sept 9 (Reuters) - Indian Bank INBA.NS plans to raise 50 billion rupees ($595.7 million), including a greenshoe option of 30 billion rupees, through the sale of infrastructure bonds maturing in 10 years, three merchant bankers said on Monday.
The state-run lender has invited coupon and commitment bids for the issue on Thursday, they said.
Here is the list of deals reported so far on Sept. 9
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Indian Bank | 10 years | To be decided | 20+30 | Sept 12 | AAA (Crisil) |
Shriram Finance | 10 years | To be decided | 10+5 | Sept 10 | AA+ (Crisil) |
Aditya Birla Housing | 5 years | To be decided | 1+4 | Sept 10 | AAA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 83.9320 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
Indian Bank - 1 Year MCLR Unchanged At 8.95%
Indian Bank INBA.NS:
INDIAN BANK - 1 YEAR MCLR UNCHANGED AT 8.95%
Source text for Eikon: ID:nNSE8yxS7X
Further company coverage: INBA.NS
Indian Bank INBA.NS:
INDIAN BANK - 1 YEAR MCLR UNCHANGED AT 8.95%
Source text for Eikon: ID:nNSE8yxS7X
Further company coverage: INBA.NS
Indian Bank Q1 Net Profit 24.03 Billion Rupees
July 29 (Reuters) - Indian Bank INBA.NS:
INDIAN BANK Q1 NET PROFIT 24.03 BILLION RUPEES
INDIAN BANK Q1 GROSS NPA 3.77%
INDIAN BANK Q1 INTEREST EARNED 150.39 BILLION RUPEES
INDIAN BANK Q1 PROVISIONS AND CONTINGENCIES 12.58 BILLION RUPEES
INDIAN BANK Q1 NET NPA 0.39%
INDIAN BANK Q1 PROVISIONS FOR NPAS 8.96 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: INBA.NS
(([email protected];))
July 29 (Reuters) - Indian Bank INBA.NS:
INDIAN BANK Q1 NET PROFIT 24.03 BILLION RUPEES
INDIAN BANK Q1 GROSS NPA 3.77%
INDIAN BANK Q1 INTEREST EARNED 150.39 BILLION RUPEES
INDIAN BANK Q1 PROVISIONS AND CONTINGENCIES 12.58 BILLION RUPEES
INDIAN BANK Q1 NET NPA 0.39%
INDIAN BANK Q1 PROVISIONS FOR NPAS 8.96 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: INBA.NS
(([email protected];))
US Treasury warns India's banks about business with Russia
By Karen Freifeld
July 24 (Reuters) - A U.S. Treasury official warned India’s banks on Wednesday that financial institutions that do business with Russia's military industrial base risk losing access to the U.S. financial system, according to a letter seen by Reuters.
"We know that the Russian military relies on importing sensitive goods, like machine tools and microelectronics, and it looks to foreign financial institutions to facilitate these transactions,” Deputy Treasury Secretary Wally Adeyemo said in the letter to the Indian Banks' Association.
While the letter does not identify a particular concern about India's banks, New Delhi has resisted pressure to distance itself from Moscow since Russia invaded Ukraine in 2022 and, after Prime Minister Narendra Modi met Russian President Vladimir Putin this month, said it is exploring ways to boost its exports to Russia.
The letter follows an executive order U.S. President Joe Biden issued in December authorizing sanctions against foreign financial institutions that conduct business with Russia's military industrial base, Adeyemo said, and Treasury's recent, expansive interpretation of who is part of Russia's military industrial base.
The Indian Banks' Association could not immediately be reached for comment.
The U.S. is eager to further strengthen its economic relationship with India, Adeyemo also said. Trade between the two countries increased by over 110 percent in a decade, he wrote, and they remain among each other's largest trading partners.
But the U.S. and a global coalition of countries is committed to ending Russia's unprovoked war by depriving it of the "financial and material means to fight," he said, a reference to sanctions and export controls imposed on Russia since its invasion.
He asked the bank group to respond within 30 days with steps they could take with Treasury to make India's companies and financial institutions aware of the U.S. executive order and its ramifications.
"Any foreign financial institution that does business with Russia's military industrial base risks being sanctioned itself, and it could lose access to the U.S. financial system, and likely other financial systems," he said.
Besides the bankers group, the letter was sent to Indian industry associations.
(Reporting by Karen Freifeld, Editing by Chris Sanders and William Maclean)
(([email protected]; +1(646) 223-6921;))
By Karen Freifeld
July 24 (Reuters) - A U.S. Treasury official warned India’s banks on Wednesday that financial institutions that do business with Russia's military industrial base risk losing access to the U.S. financial system, according to a letter seen by Reuters.
"We know that the Russian military relies on importing sensitive goods, like machine tools and microelectronics, and it looks to foreign financial institutions to facilitate these transactions,” Deputy Treasury Secretary Wally Adeyemo said in the letter to the Indian Banks' Association.
While the letter does not identify a particular concern about India's banks, New Delhi has resisted pressure to distance itself from Moscow since Russia invaded Ukraine in 2022 and, after Prime Minister Narendra Modi met Russian President Vladimir Putin this month, said it is exploring ways to boost its exports to Russia.
The letter follows an executive order U.S. President Joe Biden issued in December authorizing sanctions against foreign financial institutions that conduct business with Russia's military industrial base, Adeyemo said, and Treasury's recent, expansive interpretation of who is part of Russia's military industrial base.
The Indian Banks' Association could not immediately be reached for comment.
The U.S. is eager to further strengthen its economic relationship with India, Adeyemo also said. Trade between the two countries increased by over 110 percent in a decade, he wrote, and they remain among each other's largest trading partners.
But the U.S. and a global coalition of countries is committed to ending Russia's unprovoked war by depriving it of the "financial and material means to fight," he said, a reference to sanctions and export controls imposed on Russia since its invasion.
He asked the bank group to respond within 30 days with steps they could take with Treasury to make India's companies and financial institutions aware of the U.S. executive order and its ramifications.
"Any foreign financial institution that does business with Russia's military industrial base risks being sanctioned itself, and it could lose access to the U.S. financial system, and likely other financial systems," he said.
Besides the bankers group, the letter was sent to Indian industry associations.
(Reporting by Karen Freifeld, Editing by Chris Sanders and William Maclean)
(([email protected]; +1(646) 223-6921;))
Indian Bank To Consider A Proposal Regarding Fund/ Capital Raising Plan Of Bank
May 15 (Reuters) - Indian Bank INBA.NS:
TO CONSIDER A PROPOSAL REGARDING FUND/ CAPITAL RAISING PLAN OF BANK
Source text for Eikon: ID:nBSE9tSykh
Further company coverage: INBA.NS
(([email protected];))
May 15 (Reuters) - Indian Bank INBA.NS:
TO CONSIDER A PROPOSAL REGARDING FUND/ CAPITAL RAISING PLAN OF BANK
Source text for Eikon: ID:nBSE9tSykh
Further company coverage: INBA.NS
(([email protected];))
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What does Indian Bank do?
Indian Bank, established in 1907 as part of the Swadeshi movement, offers a wide range of banking products and services including personal banking, NRI services, cash management, electronic funds transfer, and seven-day banking at select branches.
Who are the competitors of Indian Bank?
Indian Bank major competitors are Canara Bank, Indian Overseas Bank, IDBI, Union Bank Of India, Bank Of India, PNB, Bank Of Baroda. Market Cap of Indian Bank is ₹83,774 Crs. While the median market cap of its peers are ₹96,954 Crs.
Is Indian Bank financially stable compared to its competitors?
Indian Bank seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Indian Bank pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Indian Bank latest dividend payout ratio is 19.44% and 3yr average dividend payout ratio is 19.29%
How has Indian Bank allocated its funds?
Company has been allocating majority of new resources to productive uses like advances.
How strong is Indian Bank balance sheet?
Latest balance sheet of Indian Bank is weak, and historically as well.
Is the profitablity of Indian Bank improving?
The profit is oscillating. The profit of Indian Bank is ₹10,796 Crs for TTM, ₹11,261 Crs for Mar 2025 and ₹8,419 Crs for Mar 2024.
Is Indian Bank stock expensive?
Yes, Indian Bank is expensive. Latest PE of Indian Bank is 7.64, while 3 year average PE is 6.9. Also latest Price to Book of Indian Bank is 1.13 while 3yr average is 0.8.
Has the share price of Indian Bank grown faster than its competition?
Indian Bank has given better returns compared to its competitors. Indian Bank has grown at ~15.71% over the last 10yrs while peers have grown at a median rate of -0.51%
Is the promoter bullish about Indian Bank?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Indian Bank is 73.84% and last quarter promoter holding is 73.84%.
Are mutual funds buying/selling Indian Bank?
The mutual fund holding of Indian Bank is increasing. The current mutual fund holding in Indian Bank is 13.26% while previous quarter holding is 12.69%.