Indian Bank surges on launching special combo scheme

07 Oct 2013 Evaluate

Indian Bank is currently trading at Rs 71.40, up by 0.75 points or 1.06% from its previous closing of Rs. 70.65 on the BSE.

The scrip opened at Rs 71.50 and has touched a high and low of Rs 71.90 and Rs. 70.20 respectively. So far 29507 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 218.85 on 07-Jan-2013 and a 52 week low of Rs 60.50 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs 71.90 and Rs 67.30 respectively. The current market cap of the company is Rs 3077.15 crore.

The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 14.26% and 5.74% respectively.

Indian Bank has launched special home and auto loan scheme in order to cash in the festive fervor and to boost demand for retail credit. Under the special combo scheme, customer availing home loan will be charged base rate and will also be offered vehicle loan and consumer durable loan at the discounted rate of 10.20%. Besides, the bank has also decided to waive processing charges for all retail loans for a limited time period.

In order to stimulate demand and combat slowdown, the government had decided to provide additional funds to the PSU banks to enable them extend more credit to auto and consumer durables sectors.

Indian Bank Share Price

538.10 1.60 (0.30%)
23-Dec-2024 11:53 View Price Chart
Peers
Company Name CMP
SBI 822.80
Bank Of Baroda 245.40
Canara Bank 101.00
PNB 102.25
Union Bank Of India 118.35
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