Indian Bank is currently trading at Rs. 356.70, up by 5.75 points or 1.64% from its previous closing of Rs. 350.95 on the BSE.
The scrip opened at Rs. 347.00 and has touched a high and low of Rs. 360.00 and Rs. 347.00 respectively. So far 65079 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 428.00 on 17-Nov-2017 and a 52 week low of Rs. 254.00 on 28-Sep-2017.
Last one week high and low of the scrip stood at Rs. 360.00 and Rs. 325.65 respectively. The current market cap of the company is Rs. 17144.01 crore.
The promoters holding in the company stood at 81.87%, while Institutions and Non-Institutions held 15.07% and 3.05% respectively.
Indian Bank has revised the Marginal Cost of Funds Based Lending Rates (MCLRs) with effect from June 11, 2018. The Bank has revised 1 year MCLR to 8.50% per annum (p.a.).
The Bank has also revised Overnight, 1 month, 3 months and 6 months MCLR to 8.00% p.a., 8.10% p.a., 8.30% p.a. and 8.40% p.a., respectively. Besides, the Bank has revised 3 years and 5 years MCLR to 8.70% p.a. and 8.95% p.a., respectively.
Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.
