Indian Bank is up for a fifth straight session today. The stock is quoting at Rs 131, up 1.87% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.53% on the day, quoting at 17472.2. The Sensex is at 58597.8, up 0.6%. Indian Bank has slipped around 0.53% in last one month.

Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has slipped around 0.67% in last one month and is currently quoting at 2344.6, up 1.52% on the day. The volume in the stock stood at 22.93 lakh shares today, compared to the daily average of 19.3 lakh shares in last one month.

The PE of the stock is 4.2 based on TTM earnings ending June 21.

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Indian Bank announced the appointment of S. L. Jain, Executive Director, Bank of Baroda as Managing Director & Chief Executive Officer(MD & CEO) of Indian Bank for a period of three years with effect from the date of assumption of office, on or after 01 September 2021 or until further orders, whichever is earlier.

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Indian Bank announced that Padmaja Chunduru has ceased to be the Managing Director & CEO of the Bank with effect from 01 September 2021.

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Indian Bank announced that the Central Government vide notification dated 26 August 2021 extended the term of office of V V Shenoy, Executive Director of the company for a period beyond 30 November 2021 till date of his superannuation i.e. 31 March 2022 or until further orders, whichever is earlier.

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