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State-owned Indian public sector bank with a strong presence in South India, offering retail and corporate banking.
State-owned Indian public sector bank with a strong presence in South India, offering retail and corporate banking.
Earns mainly from the spread between lending rates and deposit costs, with branches in Tamil Nadu and the south as the funding base. Allahabad Bank was merged into it in 2020, bringing a large presence in northern and eastern India. The Government of India is the majority owner.
In one line: A state-owned mid-size US regional bank.
Moat: narrow (scale, regulatory licence, distribution). A well-established South Indian branch network with government ownership supporting stable deposit funding.
Headquarters: Chennai, India · Founded: 1907 · Employees: 40,224
Size Indian Bank (INDIANB.NS) is an India Financials company (Major Banks) with a market value of $12.9B, the 86th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹902.00 on 6 Nov 2026.
Performance Over six months the shares gained 4.8%, against +2.2% for the median peer and 0.0% for the India market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 12.4% over the last twelve months (peer median +4.6%); the operating margin is 41.8% (peer median 43.4%).
Valuation It trades at 1.40× book value against a peer median of 1.06× (7th most expensive of 21).
Price implies The share price implies a return on equity of about 18.5%; Indian Bank delivers 16.1%, so the price asks more than the business earns today.
Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹845B | ₹784B | ₹719B | ₹638B | ₹529B |
| Revenue growth | — | +9% | +13% | +21% | — |
| Net income | ₹132B | ₹117B | ₹113B | ₹84.2B | ₹55.7B |
| Free cash flow | n/a | ₹230B | ₹185B | ₹169B | ₹184B |
| Capital expenditure | n/a | ₹4.54B | ₹5.40B | ₹6.27B | ₹3.34B |
| Total debt | ₹773B | ₹772B | ₹676B | ₹432B | ₹317B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Indian Bank INDIANB.NS | $12.9B | +5% | +12% | 16% | 1.40× | 18.5% |
| Canara Bank CANBK.NS | $11.8B | -10% | -7% | 17% | 0.87× | 17.1% |
| Union Bank of India UNIONBANK.NS | $15.1B | +12% | 0% | 16% | 0.99× | 16.4% |
| Punjab National Bank PNB.NS | $15.4B | +16% | +3% | 15% | 0.90× | 17.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | INDIANB.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.9% | +3.1% | 3rd highest of 21 |
| 6-month return | +4.8% | +2.2% | 8th highest of 21 |
| Return on equity | 16.1% | 11.2% | 7th highest of 21 |
| Price / book | 1.40× | 1.06× | 7th most expensive of 21 |
| Trailing P/E | 9.2× | 10.2× | 9th cheapest of 19 |
| ROE the price implies | 18.5% | 10.8% | 3rd most demanding of 21 |
| ROE delivered | 16.1% | 11.5% | 7th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Indian Bank INDIANB.NS | India | $12.9B | +5% | +12% | 16% | 1.40× | 18.5% | 16.1% |
| Shanghai Rural Commercial Bank 601825.SS | China | $13.1B | +1% | -8% | 10% | 0.65× | 2.5% | 9.6% |
| Bank of Baroda BANKBARODA.NS | India | $13.7B | -7% | +8% | 12% | 0.74× | 13.2% | 11.8% |
| Canara Bank CANBK.NS | India | $11.8B | -10% | -7% | 17% | 0.87× | 17.1% | 16.8% |
| China Zheshang Bank 2016.HK | Hong Kong | $11.5B | -3% | +1% | 7% | 0.31× | 3.9% | 7.3% |
| Bankinter BKT.MC | Spain | $14.5B | +4% | 0% | 18% | 1.87× | 12.4% | 17.6% |
| Union Bank of India UNIONBANK.NS | India | $15.1B | +12% | 0% | 16% | 0.99× | 16.4% | 16.3% |
| FinecoBank FBK.MI | Italy | $15.4B | +3% | +5% | 32% | 5.71× | 43.8% | 32.3% |
| Punjab National Bank PNB.NS | India | $15.4B | +16% | +3% | 15% | 0.90× | 17.0% | 15.1% |
| Hua Xia Bank 600015.SS | China | $15.7B | -5% | -1% | 8% | 0.32× | 1.8% | 7.6% |
| Shinkin Central Bank Pfd Subs Cert 8421.T | Japan | $10.3B | -1% | +47% | 3% | 1.02× | 4.4% | 3.0% |
| UMB Financial UMBF | United States | $10.2B | +2% | +17% | 14% | 1.34× | 11.2% | 13.5% |
| SouthState Bank SSB | United States | $10.1B | +8% | +18% | 10% | 1.11× | 9.3% | 10.3% |
| Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd ZIONP | United States | $9.72B | -16% | +4% | 16% | 0.31× | 4.0% | 16.5% |
| WooriFinancialGroup 316140.KS | South Korea | $17.0B | -5% | +37% | 10% | 0.71× | 4.8% | n/a |
| Unicaja Banco UNI.MC | Spain | $9.53B | +20% | -3% | 10% | 1.34× | 12.2% | 10.1% |
| Banco Santander (Brasil) S.A. Sponsored ADR BSBR | United States | $17.4B | -20% | +18% | 10% | 2.10× | 12.6% | 10.2% |
| Old National Bancorp ONB | United States | $9.43B | +3% | +18% | 12% | 1.17× | 10.3% | 11.5% |
| mBank MBK.WA | Poland | $17.7B | +37% | -1% | 19% | 3.05× | 37.6% | 19.1% |
| First Financial 2892.TW | Taiwan | $17.8B | +44% | +5% | 11% | 1.95× | 5.8% | 10.9% |
| AL Sydbank A/S ALSYDB.CO | Denmark | $9.20B | +37% | +27% | 10% | 1.78× | 6.3% | 9.6% |