Category: Indian Bank

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Citigroup Inc. plans to unveil a partnership with a bank in India to fund female small-business owners in the country, part of its financing work for enterprises including automakers and parts suppliers across Asia, Central America and elsewhere.
“We’re going to be providing capital to more than 300,000 female entrepreneurs in rural India, and that will help them grow their small business and increase their participation in global trade,” Chief Executive Officer Jane Fraser said Thursday at the Asia-Pacific…
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Source: https://www.moneycontrol.com/news/business/citi-to-team-up-with-indian-bank-to-support-female-entrepreneurs-ceo-jane-fraser-says-11759521.html/amp

Indian Bank Share Price Today : On the last day, the Indian Bank opened at ₹482.7 and closed at ₹480.45. The stock had a high of ₹498 and a low of ₹475.45. The market capitalization of the company is ₹66,405.32 crore. The 52-week high for the stock is ₹481.8 and the 52-week low is ₹253.35. The BSE volume for the stock was 137,793 shares.Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.

31 Jan 2024, 01:52 PM IST
Indian Bank Short Term and Long Term Trends
As per the Technical Analysis, short term trend of Indian Bank share is Bullish and long term…
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Source: https://www.livemint.com/market/live-blog/indian-bank-share-price-live-blog-for-31-jan-2024/amp-11706672211404.html

India’s steel majors seeking govt intervention to control raw materials prices | Commodities Corner

India’s Steel Majors Are Seeking Govt Intervention To Control Raw Materials Prices. Mills has flagged issues in the price discovery process of coking coal by international players and has reportedly asked the government to push for a “more realistic” price discovery mechanism. Steel makers, through the Indian Steel Association (ISA) – which includes AM/NS India, JSW, Tata Steel, Jindal Steel & Power and PSUs like SAIL and RINL – have called for intervention and action across two key…
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Source: https://www.moneycontrol.com/

Soured-debt ratios at Indian banks will ease further and the central bank will curb excessive exuberance by lenders if financial stability risks emerge, according to the Reserve Bank of India.Bad-debt ratio is expected to fall further to 3.1% of total loans by September next year from the current level of 3.2%, the central bank said in its half yearly Financial Stability Report released Thursday.
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Source: https://www.bloomberg.com/news/articles/2023-12-28/india-bank-bad-debt-ratio-to-drop-to-3-1-by-september-rbi-says

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Motilal Oswal’s research report on Indian Bank
Indian Bank (INBK) reported a PAT beat at INR21.2b (up 52% YoY/ 6.6% QoQ; 9% beat on MOFSLe), amid lower-than-expected provisions (as the bank reversed excess provisions on account of a sale of stressed loans). NII grew 5.7% YoY (in line). Margin contracted slightly by 3bp QoQ to 3.49%.  Gross loan growth was healthy at 13% YoY/4% QoQ, while deposits grew 9.6% YoY/ 2.1% QoQ. CD ratio increased marginally to 77.9%, while the bank continued to focus on profitable…
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Source: https://www.moneycontrol.com/news/business/stocks/buy-indian-bank-target-of-rs-525-motilal-oswal-12142401.html/amp

30 Jan 2024, 11:58:19 AM ISTIndian Bank share price Today :Indian Bank trading at ₹488.25, up 1.62% from yesterday’s ₹480.45 The current stock price of Indian Bank is ₹488.25, with a percent change of 1.62 and a net change of 7.8. This means that the stock price has increased by 1.62% or ₹7.8 from its previous value. Overall, the stock is performing well with a positive change in its price.
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Source: https://mintgenie.livemint.com/amp/news/markets/indian-bank-share-price-live-blog-for-30-jan-2024-151706583690455

Indian Bank Ltd signed an agreement with Tata Motors Passenger Vehicles Ltd (TMPVL) and Tata Passenger Electric Mobility Ltd (TPEML) to provide inventory financing solutions to their authorised dealers for electric as well as other passenger vehicles. The PSU lender will provide the two wholly-owned subsidiaries of Tata Motors Ltd with inventory financing solutions through its digital SCF (supply chain finance). “Indian Bank supply-chain finance will provide easy access to working capital finance to the dealers of TML, at favourable terms for driving their business growth,” said Ashutosh Choudhury, Executive Director, Indian Bank.
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Source: https://www.thehindubusinessline.com/money-and-banking/indian-bank-signs-inventory-financing-pact-with-tata-motors-arms/article67416939.ece/amp/

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Some of the major public and private sector banks will see a change of guard at their top in 2024. At least eight banks, including Axis Bank, DCB Bank, Federal Bank, Punjab National Bank (PNB), Indian Bank, IDFC First Bank, J&K Bank and Bank of Maharashtra (BoM), may see changes at the top post.
Private banks

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In the case of Axis Bank, the tenure of Amitabh Chaudhry, the current Chief Executive Officer (CEO) will end on December 31, 2024. The same is the case with…
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Source: https://www.moneycontrol.com/news/business/at-least-eight-indian-banks-set-to-see-new-chiefs-in-2024-11961081.html/amp

The current data for Indian Bank stock shows that the stock price is ₹460. It has experienced a percent change of -0.17, indicating a slight decrease in value. The net change is -0.8, suggesting a decrease of ₹0.8 in the stock price. Overall, the stock has seen a small decline in value.
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Source: https://mintgenie.livemint.com/amp/news/markets/indian-bank-share-price-live-blog-for-29-jan-2024-151706496453855

Indian Bank Share Price Today : On the last day, Indian Bank opened at ₹445.7 and closed at ₹441.85. The stock had a high of ₹478.6 and a low of ₹443.5. The market capitalization of the bank is ₹62,068.1 crore. The 52-week high for the stock is ₹478.6, while the 52-week low is ₹253.35. The stock had a BSE volume of 1,797,358 shares.Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.

29 Jan 2024, 01:44 PM IST
Indian Bank share price live: Simple Moving Average

DaysValue5 Days450.1310 Days444.3120 Days434.3150 Days427.28100…
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Source: https://www.livemint.com/market/live-blog/indian-bank-share-price-live-blog-for-29-jan-2024/amp-11706496041988.html