The Indian Bank is a government-run institution.
The dividend yield of Indian Bank is 2.03%.
The Indian Bank is owned, managed and controlled by the Government of India.
In March 2019, the Indian Bank had a net profit of Rs. 380.13 crores, and in March 2022, this net profit increased to Rs. 5078.24 crores.
Indian Bank is a public-sector undertaking and was established as early as 1907. The government took it over later. The banking institution has a broad network of branches spread across India and offers a variety of financial services and products to an ever-growing customer base.
While evaluating how well organisations are performing, especially banks, financial metrics like asset quality, capital adequacy and profitability have to be taken into account, among other key factors. Furthermore, investment in any company should be undertaken after doing background work and accounting for some factors like the company’s performance, market conditions and more. Additionally, investing should be considered in alignment with an investor’s financial goals.
The Indian Bank has a market capitalization of 39.85K crores. For the quarter that ended in December 2022, net profit was up by 102% YoY at Rs. 1396 crores. The operating profit was also up by 24% YoY for the same period. This stood at Rs. 4061 crores. Additionally, ROA and ROE increased as well, compared to the same period of the previous year.