INDIANB · NSE · Public Sector Bank
Indian Bank
What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Large Cap · AMFI list Jan-Jun 2026 · Vendor sector: Financial Services
dear
low confidence
No valuation within 120 days; P/E 8.7 vs peers 6.6 (7th of 9); P/B 1.6 vs peers 0.96 (8th of 9).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model
What is Indian Bank's share price today?
Indian Bank last traded at ₹814.10 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 1.9% on the day, up 5.9% over a year. Its 52-week range is ₹755 to ₹1,001. The live price is in the app.
₹814.10
−1.9% today
+5.9% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range24% of the way up
Low ₹755High ₹1,001
What is Indian Bank's market cap?
Indian Bank's market capitalisation is about ₹1.12 lakh crore: what it would cost to buy every share at today's price. That makes it the 86th largest large cap company we cover.
₹1.1 L Cr
Large Cap86th largest large cap company
Share price₹814.10
×
Shares in issue137 crore
=
Market cap₹1.1 L Cr
Large Cap means the 100 largest listed companies, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →
Key facts
From the exchange
- Symbol
- NSE: INDIANB
- ISIN
- INE562A01011
- Cap bucket
- Large Cap, 86th largest by market cap
- Industry (NSE)
- Financial Services › Banks › Public Sector Bank
- Listed since
- 2007
- Futures and options
- Traded
Is Indian Bank overvalued?
Dear, with low confidence: no valuation within 120 days; P/E 8.7 vs peers 6.6 (7th of 9); P/B 1.6 vs peers 0.96 (8th of 9).
Valuation
Latest price and trailing 12 months
P/E
8.74
vs peers 6.6 · 7th of 9
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B
1.60
vs peers 1.0 · 8th of 9
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap
₹1.12 lakh Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield
2.2%
vs peers 3.2% · 6th of 7
Last year's dividends as a share of today's price. Learn more →
PEG (vendor)
0.65
vs peers 2.1 · 1st of 7
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth
0.35
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
Is Indian Bank a quality business?
Quality score 60.4, 3rd of 9 in its peer set; CLEAN on 21 of 22 lender flags judged.
Quality and risk
Data as of 12 Oct 2026
Business quality
Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score
60.4
vs peers 46.2 · 3rd of 9
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level
CLEAN
21 of 22 lender flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →
Lender scorecard
Statements through FY2026 (Mar-26)
Basis: standalone accounts, FY2026 (Mar-26) against FY2025; NSE/BSE XBRL, the Q4 results filing; NIM is interest earned less expended over average advances and investments; cost to income is operating expenses over net interest income plus other income; credit cost is FY2026 provisions over average advances; ROA over average total assets; ROE over average equity; GNPA, NNPA, provision coverage, CET1 from the Jun-26 quarter filing
Net interest margin
3.2%
vs peers 2.8% · 3rd of 9
What a lender earns on its loans and investments less what it pays for deposits and borrowings, as a share of the assets that earn interest (or of all assets where the split is not filed). Learn more →
Gross NPA
1.9%
vs peers 1.9% · 5th of 9
Loans on which repayment has stopped, as a share of all loans, before any provision against them; from the latest results filing. Learn more →
Net NPA
0.1%
vs peers 0.3% · 2nd of 9
Bad loans after the provisions already set aside against them, as a share of loans. Learn more →
Provision coverage
92.2%
How much of the gross bad loans has already been provided for. Learn more →
Credit cost
0.6%
vs peers 0.6% · 5th of 9
The year's provisions for bad loans as a share of the average loan book. Learn more →
Cost to income
46.0%
vs peers 49.1% · 3rd of 9
Operating expenses (staff, branches, technology) over net interest income plus other income. Learn more →
Return on assets
1.3%
vs peers 1.1% · 2nd of 9
Profit as a share of average total assets. Learn more →
CET1 ratio
16.5%
Common equity tier 1 capital, the hardest kind, against risk-weighted assets; from the latest results filing. Learn more →
Loan growth YoY
14.7%
vs peers 16.8% · 7th of 9
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth YoY
12.3%
vs peers 11.8% · 4th of 9
Growth in deposits over the latest fiscal year. Learn more →
CASA ratio
Not available
Current and savings account balances as a share of all deposits. Learn more →
Inside the app
Get a sneak peek of Valarth
Has Indian Bank made money for shareholders?
Yes: +5.9% over one year and +41.8% a year over five years.
Shareholder returns
5-year return
+41.8% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer
No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →
Returns
3Y and 5Y are yearly averages
1W
+2.4%1M
−0.8%3M
−1.5%6M
−14.1%1Y
+5.9%3Y
+24.3%5Y
+41.8%Does Indian Bank pay a dividend?
Yes. Indian Bank's dividend yield is 2.16% at the latest price; the last payout was ₹18.25 a share, ex-dividend 10 Jun 2026.
Dividends
Per share, by ex-dividend date
Dividend yield2.16%
The past 12 months' dividends as a share of today's price.
10 Jun 2026 · Final₹18.25
10 Jun 2025 · Final₹16.25
7 Jun 2024 · Final₹12.00
12 Jun 2023 · Final₹8.60
14 Jun 2022 · Final₹6.50
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.
Is Indian Bank growing?
Loan growth 14.7%; deposit growth 12.3%; revenue 3 years 14.1% a year.
Growth
Statements through FY2026 (Mar-26)
Loan growth
14.7%
vs peers 16.8% · 7th of 9
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth
12.3%
vs peers 11.8% · 4th of 9
Growth in deposits over the latest fiscal year. Learn more →
Revenue 3 years
14.1% a year
vs peers 14.4% · 5th of 9
Compound annual growth of revenue over three years. Learn more →
EPS 3 years
24.8% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
Revenue 5 years
11.7% a year
Compound annual growth of revenue over five years. Learn more →
EPS 5 years
19.1% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
How did Indian Bank do last quarter?
Indian Bank reported income of ₹20,997 Cr, up 8.7% on a year earlier and a net profit of ₹3,357 Cr, up 3.9% in the Jun 2026 quarter.
Latest quarter
Jun 2026
Income, latest quarter₹20,997 Cr
+8.7% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹3,357 Cr
+3.9% on a year earlier
What was left for shareholders after every cost and tax.
How does Indian Bank compare with its peers?
Compared with 8 Public Sector Bank; 7th of 9 on P/E; 3rd of 9 on quality score.
Compared with 8 Public Sector Bank
8 companies
- Indian Bank (this page)
- Punjab National Bank
- Union Bank of India
- Bank of Baroda
- Canara Bank
- Bank of Maharashtra
- Bank of India
- Indian Overseas Bank
- UCO Bank
Indian Bank against its peers
Largest 8 of 8 peers, by market cap
CompanyMarket capP/EP/BROE1YQuality 🔒Rank 🔒
Indian Bank₹1.1 L Cr8.71.618.2%+5.9%
UCO Bank₹29,154 Cr10.40.99.5%−26.9%
Peer median—6.61.013.9%−3.1%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.
Who owns Indian Bank?
Indian Bank is held by promoters 73.8%, foreign institutions 6.9%, domestic institutions 16.8%.
Shareholding pattern
Latest filing, percent of shares
Promoters73.8%
The founders and controlling group.
Foreign institutions6.9%
Overseas funds investing through the FPI route.
Domestic institutions16.8%
Indian insurers, banks, pension and mutual funds together.
Mutual funds13.4%
Indian mutual fund schemes; part of domestic institutions.
Retail and others1.8%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.
What do analysts say about Indian Bank?
16 analysts cover Indian Bank, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.
Analyst consensus
16 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.
What does Indian Bank do and what is it sensitive to?
Indian Bank is a scheduled commercial bank providing retail and corporate lending, deposit-taking, treasury operations, and transaction services. Sensitive to: interest rates and monetary policy.
Business-model card
FY2025 · 49 verified
7Revenue
5Channels
3Regulators
4Reg. dependencies
6Sensitivities
5Costs
2Geographies
Indian Bank is a scheduled commercial bank providing retail and corporate lending, deposit-taking, treasury operations, and transaction services. It earns revenue through interest spreads on deposits and lending, treasury trading gains, transaction fees, and digital banking services.
Revenue by segment
year ended March 31, 2025 (consolidated)
Treasury23.8%
Corporate/Wholesale Banking33.1%
Retail Banking - Digital Banking0.0%
Retail Banking - Other Retail Banking40.4%
Other Banking operations2.6%
Revenue engine
7 verified
Retail Banking (Other Retail branches) (40.9%)
Personal banking and lending to individuals; represents largest revenue segment at ₹29,124.41 Cr for FY25, including lending activities to corporate customers with retail branch relationships
Corporate/Wholesale Banking (33.5%)
Lending and transaction services to corporates and institutional clients, including stressed assets resolution; revenue ₹23,857.74 Cr FY25
Treasury operations (24.1%)
Investment portfolio management and forex/derivative trading; revenue ₹17,176.79 Cr FY25. The revenue of the treasury segment primarily consists of fees and gains or losses from trading operations and interest income on the investment portfolio.
4 more statements
Forex business (Merchant Foreign Exchange and Export Credit)
Foreign exchange turnover and export credit facilities; merchant FX turnover ₹85,752 Cr during FY25 with 10% QoQ growth in Q4
Digital Banking revenue
Revenue from digital channels across retail, agriculture, and MSME segments; bank achieved ₹1,67,390.39 Cr of digital business for FY25
Merchant Collection Business
Payment aggregation and collection services; grew to ₹6,000 Cr in collection amount (FY25) with 18% YoY growth in new merchant on-boarding to 400 merchants
Bancassurance (Insurance product sales)
Sale and servicing of health, general, and vehicle insurance products through banking channels; digital insurance platform integrated with Internet Banking and Mobile Banking since August 2024
Customers & channels
5 verified
Retail individual customers
Accessed through digital and branch channels for deposit and lending products; 95% of new savings accounts opened digitally as of FY25
MSME (Micro, Small and Medium Enterprises)
Served through dedicated MSME Customer App with lending and beyond-lending services; MSME Auto Renewal to streamline loan renewals
Corporate and institutional clients
Large and mid-corporate customers served through dedicated branches and Cash Management Services; 9 Large Corporate Branches and 29 Mid Corporate Branches as of FY25
2 more statements
Merchants (for payment collection services)
Merchants onboarded to collection platform; total 400 merchants as of FY25 with 300% growth in collection volume
Digital banking app users
IndSMART mobile banking app with integrated payment solutions (UPI, BBPS, marketplace); 1.94 crore users with 4.3 rating on app stores
Regulators
3 verified
Reserve Bank of India (RBI)
Governs capital adequacy, risk management, monetary policy, lending practices, and prudential regulations for banking operations in India
Government of India
Appoints Managing Director, CEO and four Executive Directors; governs bank under Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970
SEBI (Securities and Exchange Board of India)
Regulates listing obligations, disclosure requirements, and insider trading rules for the bank as a listed entity
Regulatory dependencies
4 verified
Capital adequacy and risk management frameworks
RBI requires banks to maintain minimum capital ratios and implement integrated risk management policies; changes in capital requirements affect lending capacity and profitability
Deposit insurance and banking regulation
Bank constituted under Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 rather than Companies Act; affects governance and regulatory compliance
Insurance sector FDI and penetration policy
Raised FDI limit in insurance increases investment and technology transfer; expected to lower insurance premiums and create job opportunities
1 more statement
Tax policy and household income brackets
Individual income tax changes (rebate up to ₹12 lakh, 5% tax for ₹4-8 lakh bracket) raise middle-class disposable income and household savings, driving deposit mobilisation
Sensitivities
6 verified
Interest rates and monetary policy
Bank's net interest margin (difference between deposit and lending rates) depends on RBI policy; rate cuts support loan growth but compress margins
Inflation
High inflation erodes real returns and deposit demand; decline from 5.36% YoY in FY24 to 4.63% in FY25 supports loan demand and consumption
India GDP growth
Loan demand grows with GDP; Q3FY25 growth of 6.2% lower than prior-year 9.51% but remains fastest-growing major economy, supporting credit expansion
3 more statements
Monsoon and agricultural performance
Normal monsoon supports agricultural income and demand for Kisan Credit Card and rural lending; poor monsoon reduces agricultural credit demand and impacts agri-borrower repayment
Indian Rupee exchange rate
Rupee depreciation increases cost of foreign borrowings and impacts forex trading revenue; rupee strength reduces forex revenue but eases external financing costs
Global tariffs and trade uncertainty
Rising US tariffs and geopolitical tensions reduce export growth, affecting export credit demand and corporate loan growth
Cost inputs
5 verified
Employee compensation and HR costs
Largest operating expense; payments to and provisions for employees were ₹9,883.97 Cr in FY25, driven by salary, benefits, and staff expansion
Interest on customer deposits
Cost of funding; interest on deposits was ₹34,701.98 Cr in FY25, representing largest operating cost after employee expenses
Borrowing costs from RBI and inter-bank market
Cost of wholesale funding; interest on RBI and inter-bank borrowings was ₹361.72 Cr in FY25
2 more statements
Advertisement and digital marketing
Operating expense for brand awareness and product promotion; ₹44.20 Cr in FY25 for digital campaigns on AAJ Tak, Disney Hotstar, IRCTC platforms
Rent and facilities costs
Branch and office premises costs; rent, taxes and lighting were ₹674.34 Cr in FY25
Geographies
2 verified
Domestic operations (India) (96.6%)
Primary market for retail, corporate and MSME lending; branches and offices throughout India generate majority of revenue
Foreign branches (Singapore, Colombo, Jaffna) and IFSC Banking Unit (3.4%)
International presence for overseas corporate lending and treasury operations; total outstanding advances (gross) ₹41,857 Cr as of March 31, 2025 with 17.5% YoY growth
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.
What changed recently?
Q1 FY2027 results filed (10 Jul 2026).
Change log
8 entries · newest first
- Results filedQ1 FY2027 results filed.
- Corporate actionDividend - Rs 18.25 Per Share.
- Results filedQ4 FY2026 results filed.
- Results filedQ3 FY2026 results filed.
- Results filedQ2 FY2026 results filed.
- Results filedQ1 FY2026 results filed.
- Corporate actionDividend - Rs 16.25 Per Share.
- Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.
What this page does not tell you
What could not be judged, and why. Never empty.
- Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
- FlagsCLEAN on 21 of 22 lender flags judged; no red flag; 1 could not be judged.
- Data gapsBusiness quality, CASA ratio: not available yet.
Not applicable to a bank, lender or insurer · 12
- Altman ZAltman Z reads working capital and sales over assets, which a lender's balance sheet does not have.
- Piotroski F-scorePiotroski's leverage and liquidity checks read deposits and borrowings as weakness.
- Beneish M-scoreThe Beneish model reads receivables, margins and depreciation that a lender's accounts do not report.
- Operating marginInterest is a lender's cost of goods, so operating profit before interest is not defined.
- Interest coverageInterest is a lender's main cost, not a charge on operating profit.
- Debt to equityBorrowings and deposits are a lender's raw material; gearing is judged by capital adequacy instead.
- EV/EBITDAEnterprise value adds borrowings to market cap; for a lender borrowings are the business, not a claim on it.
- FCF yieldOperating cash flow less capex is not free cash flow for a lender: loan growth sits in operating cash flow.
- Cash conversion cycleA lender's receivables are its loan book, not invoices waiting to be paid.
- Asset turnoverA lender earns a spread on its assets, not a turnover of them.
- ROCEEBIT over capital employed reads a lender's interest income against its borrowings; return on assets and return on equity are the lender's measures.
- ROCE, 10-year averageEBIT over capital employed reads a lender's interest income against its borrowings; return on assets is the lender's measure (HDFC Bank's 1.7% ten-year ROCE means nothing).
What this page rests on
✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓235 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 49 verified
Questions people ask
What is Indian Bank's share price today?
Indian Bank last traded at ₹814.10 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 1.9% on the day, up 5.9% over a year. Its 52-week range is ₹755 to ₹1,001. The live price is in the app.
What is Indian Bank's market cap?
Indian Bank's market capitalisation is about ₹1.12 lakh crore: what it would cost to buy every share at today's price. That makes it the 86th largest large cap company we cover.
Is Indian Bank a large cap, mid cap or small cap?
Indian Bank (INDIANB) is a large cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.
What is Indian Bank's P/E ratio?
8.74, vs peers 6.6 · 7th of 9. Price divided by last year's earnings per share: how many years of today's profit you pay for.
Is Indian Bank overvalued?
Dear, with low confidence: no valuation within 120 days; P/E 8.7 vs peers 6.6 (7th of 9); P/B 1.6 vs peers 0.96 (8th of 9).
How does Indian Bank make money?
Indian Bank is a scheduled commercial bank providing retail and corporate lending, deposit-taking, treasury operations, and transaction services. It earns revenue through interest spreads on deposits and lending, treasury trading gains, transaction fees, and digital banking services.
Why is there no Altman Z or debt to equity for Indian Bank?
Borrowing is a bank's or lender's raw material, so those ratios mislead. Net interest margin, gross NPA, return on assets and the capital ratios are shown instead.
Who are Indian Bank's peers?
Compared with 8 Public Sector Bank: Punjab National Bank, Union Bank of India, Bank of Baroda, Canara Bank, Bank of Maharashtra and 3 more. The app shows how they compare on every figure.
Is this investment advice?
No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.
How did Indian Bank do last quarter?
Indian Bank reported income of ₹20,997 Cr, up 8.7% on a year earlier and a net profit of ₹3,357 Cr, up 3.9% in the Jun 2026 quarter.
Who owns Indian Bank?
Indian Bank is held by promoters 73.8%, foreign institutions 6.9%, domestic institutions 16.8%.
Does Indian Bank pay a dividend?
Yes. Indian Bank's dividend yield is 2.16% at the latest price; the last payout was ₹18.25 a share, ex-dividend 10 Jun 2026.
What do analysts say about Indian Bank?
16 analysts cover Indian Bank, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.