Announced Wed, 8 Jul · 19:18 IST
Indian Bank AGM approves 18.25 per share dividend and 5000 cr equity raise plan
Board & Shareholder Meetings View source PDF
INDIANB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+12.5%1-day move
₹775.30
prior close
₹774.95
base price
After-mkt
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+1.1+1.0+0.8+0.8+12.5+8.6+7.6+6.9+5.7+10.4————
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AI summary
Indian Bank filed minutes of its 20th AGM held on 17 June 2026. FY26 highlights: net profit 12,156 cr (up 11%), NNPA at record low 0.15%, RoE 19.53%, CAR 17.93%, total business 14.95 lakh cr (up 12.79%). Shareholders approved dividend of 18.25 per share and equity raise up to 5,000 cr via QIP, FPO or Rights Issue, with government stake remaining above 52%. Re-appointment of Executive Director Ashutosh Choudhury for 3 years was also approved.
Likely market impact
Strong FY26 results with record low NPAs and healthy dividend are positive for shareholders. Equity raise of up to 5,000 cr may dilute existing stakes.