Indian Bank surges on plans to restructure Rs 1,157 crore loans in first quarter

17 May 2012 Evaluate

Indian Bank is currently trading at Rs. 180.75, up by 2.70 points or 1.52% from its previous closing of Rs. 178.05 on the BSE.

The scrip opened at Rs. 181.00 and has touched a high and low of Rs. 181.95 and Rs. 177.55 respectively. So far 77026 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 265.00 on 07-Mar-2012 and a 52 week low of Rs. 166.50 on 21-Dec-2011.

Last one week high and low of the scrip stood at Rs. 195.90 and Rs. 171.10 respectively. The current market cap of the company is Rs. 7697.18 crore.

The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 13.71% and 6.29% respectively. 

State run Indian Bank is likely to restructure Rs 1,157 crore worth of loan during the first quarter of the current year. The bank is going to restructure loans given to the Rajasthan Electricity Board. The bank’s restructured loans increased by Rs 3,330 crore to Rs 8,902 crore during last quarter of 2011-12.

It has restructured loans worth Rs 800 crore given to Air India and Rs 1,200 crore to various companies in the power sector.  Banks gross non- performing assets rose to Rs 1,851 crore, or 2% of advances, despite restructuring loans worth Rs 3,330 crore.

Indian Bank Share Price

536.50 -18.65 (-3.36%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
SBI 812.50
Bank Of Baroda 240.30
Canara Bank 99.65
PNB 100.70
Union Bank Of India 116.60
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.