Indian Bank
"Indian Bank was established on August 15, 1907, as a part of the Swadeshi movement. The amalgamation of Allahabad Bank into Indian Bank has placed Indian Bank as the seventh-largest PSB with a total business of Rs 12.20 Lakh Crs as at 30 Jun 2024(Rs...
Key Metrics
EPS
62.50
Current ratio
0.06
Debt/Equity
12.22
Debt/EBITDA
63.78
Interest coverage ratio
-
Operating Cashflow to total debt
-0.01
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Strong support and majority ownership of the Government of India
Established track record and increase in the scale of operations
Comfortable capitalization
Improvement in Profitability:
Liquidity Position: Adequate
Cons
Improving but modest Asset Quality
A reduction in government support and the GoI’s stake in the bank falling below 51% could adversely impact the ratings and/or outlook. A substantial deterioration in Indian Bank’s asset quality, impacting significantly on the profitability and capitalization metrics, could be the key rating sensitivities
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About Indian Bank bond.
This comprehensive profile covers key factual information about Indian Bank. "Indian Bank was established on August 15, 1907, as a part of the Swadeshi movement. The amalgamation of Allahabad Bank into Indian Bank has placed Indian Bank as the seventh-largest PSB with a total business of Rs 12.20 Lakh Crs as at 30 Jun 2024(Rs 12.22 Lakh Crores as at 31 Mar 2024). As on 30 Jun 2024, the Bank had 5846 domestic branches, out of which 1,985 are Rural, 1,531 are Semi- Urban, 1,173 are Urban and 1,159 branches are in Metro Cities.. The Bank has 5093 ATMs & Bunch Note Acceptors(BNAs) and 11,945 number of Business Correspondents (BCs). The GoI’s stake stood at 73.84% as at 30 Jun 2024. The bank also has three overseas branches located in Singapore, Colombo, and Jaffna. Business of ₹36,678 Cr has been generated through Digital Channels in Q1FY25. Shri Shanti Lal Jain assumed charge as Managing Director & Chief Executive Officer of Indian Bank on 1 Sep 2021, for a period of 3 years. His term has been extended till 31 December 2024. Prior to this, he served as Executive Director of Bank of Baroda from September 2018. The Bank has four Executive Directors, one nominee director each from GOI and RBI, two shareholders directors, and two part time non-official directors. The bank had total (domestic & overseas) deposits of Rs. 6.82 lakh Crores and total (domestic & overseas) advances of Rs. 5.39 lakh Crores as on 30 June 2024. CASA ratio (global) was 39.03% and CASA ratio (domestic) was 40.56% as of 30 June 2024." EPS in Mar-2024 was 62.50. Current ratio in Mar-2024 was 0.06. Debt/Equity in Mar-2024 was 12.22. Debt/EBITDA in Mar-2024 was 63.78. Interest coverage ratio in Mar-2024 was . Operating Cashflow to total debt in Mar-2024 was -0.01. Total revenue for Mar-2025(E) was ₹72626.10. Net income for Mar-2025(E) stood at ₹9691.95. Total assets as of Mar-2024 were ₹796,825.39. Operating cash flow for Mar-2024 was ₹-8,617.26. Peers and comparison entities consist of Nhpc Limited, Adani Green Energy Limited, Ntpc Green Energy Limited, Premier Energies Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Strong support and majority ownership of the Government of India; Established track record and increase in the scale of operations; Comfortable capitalization; Improvement in Profitability:; Liquidity Position: Adequate. Key risks include: Improving but modest Asset Quality; A reduction in government support and the GoI’s stake in the bank falling below 51% could adversely impact the ratings and/or outlook. A substantial deterioration in Indian Bank’s asset quality, impacting significantly on the profitability and capitalization metrics, could be the key rating sensitivities . Leadership team details include Alok Pande (Government Nominee Director), Ashutosh Choudhury (Executive Director), Balmukund Sahay (Part Time Non Official Director), Brajesh Kumar Singh (Executive Director), Deepak Gupta (General Manager), Deepak Sarda (Chief General Manager), Dina Nath Kumar (Company Secretary & Compliance Officer), Ganda Rajeswara Reddy (General Manager), K Nikhila (Nominee Director), M Aruna (General Manager), Mahesh Kumar Bajaj (Executive Director), Papia Sengupta (Shareholder Director), Pradeep Kumar Malhotra (Shareholder Director), Ram Kumar Das (General Manager), S L Jain (Managing Director & CEO), Satish Kumar (Chief General Manager), Shiv Bajrang Singh (Executive Director), Sudhir Kumar Gupta (General Manager), Sujay Mallik (Chief General Manager), Sunil Jain (Chief Financial Officer), Vikas Kumar (Chief General Manager), Vishesh Kumar Srivastava (Chief Vigilance Officer), Vishvesh Kumar Goel (Part Time Non Official Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.