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Indian Bank is currently trading at Rs. 161.95, up by 0.90 points or 0.56% from its previous closing of Rs. 161.05 on the BSE.

The scrip opened at Rs. 159.25 and has touched a high and low of Rs. 163.60 and Rs. 159.25 respectively. So far 10268 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 194.80 on 26-Oct-2021 and a 52 week low of Rs. 107.00 on 03-May-2021.

Last one week high and low of the scrip stood at Rs. 164.65 and Rs. 158.70 respectively. The current market cap of the company is Rs. 20151.24 crore.

The promoters holding in the company stood at 79.86%, while Institutions and Non-Institutions held 12.84% and 7.30% respectively.

Indian Bank has unveiled pre-approved personal loan product under Project 'WAVE'. In January 2022, the Chennai-based bank launched the digital transformation initiative - World of Advance Virtual Experience 'WAVE' to launch its first digital product 'Pre-Approved Personal Loan (PAPL)' that aims to provide customers with instant loan disbursements.

The service available for existing customers and hold regular income and pension accounts and PAPL loan product can be availed of through mobile application, bank's website and through internet banking facility. The loan would carry an interest rate of 10 per cent per annum with no foreclosure charges.

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