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Indian Bank gains on inking bancassurance corporate agency agreement with Max Bupa

23 Sep 2019 Evaluate

Indian Bank is currently trading at Rs. 155.70, up by 0.45 points or 0.29% from its previous closing of Rs. 155.25 on the BSE.

The scrip opened at Rs. 159.00 and has touched a high and low of Rs. 161.00 and Rs. 153.90 respectively. So far 57958 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 292.40 on 21-Sep-2018 and a 52 week low of Rs. 150.55 on 20-Sep-2019.

Last one week high and low of the scrip stood at Rs. 165.80 and Rs. 150.55 respectively. The current market cap of the company is Rs. 7586.84 crore.

The promoters holding in the company stood at 79.62%, while Institutions and Non-Institutions held 15.11% and 5.27% respectively.

Max Bupa has inked bancassurance corporate agency agreement with Indian Bank. Under the agreement, Max Bupa will provide bespoke and comprehensive health insurance solutions and services to over 40 million customers of Indian Bank spread across 2800 branch network, through a slew of digital touch points.

Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.

Peers
Company Name CMP
State Bank Of India 984.50
PNB 116.80
Bank Of Baroda 232.40
Canara Bank 123.90
Union Bank Of India 177.45
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