Over the past few years, the Indian banking industry has experienced substantial expansion as various banks have increased their operations and improved their financial standing. Investors are closely monitoring the banking sector, in particular the share prices of banks, as the Indian economy is expected to expand in the upcoming years.
We shall examine Indian banks’ anticipated share price forecasts for the years 2023 to 2030 in this post. We’ll look at how individual banks have performed recently, review the variables that could affect their share values, and offer some insights into the Indian banking industry’s prospective growth possibilities.
Investors can make wise choices if they are aware of what influences the share prices of Indian banks.
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INDIAN BANK IN RECENT NEWS
- An SHG (self-help group) outreach camp was organized by Indian Bank in Madurai, as part of their efforts to reach out to the local community and promote financial inclusion.
- The successful growth streak of Indian banks might come to an end soon as deposit rates start catching up to lending rates. This development may have an impact on the financial performance of the banks and their ability to maintain the growth momentum in the coming years.
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Indian Bank Q4 net profit rises 47 pc to Rs 1447 cr.
INDIAN BANK SHARE PRICE TARGET 2023
| INDIAN BANK SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| June 2023 | ₹296.35 | ₹269.41 |
| July 2023 | ₹305.24 | ₹257.49 |
| August 2023 | ₹320.35 | ₹289.27 |
| September 2023 | ₹331.22 | ₹298.63 |
| October 2023 | ₹315.45 | ₹277.27 |
| November 2023 | ₹324.99 | ₹249.99 |
| December 2023 | ₹363.99 | ₹279.99 |
Based on the predictions provided in the table, it appears that Indian banks are likely to experience a bullish uptrend in 2023, with the share prices expected to rise steadily throughout the year. Despite some fluctuations in the minimum and maximum prices, the overall trend seems to be on the upward trajectory, indicating promising growth prospects for the banking sector.
In June 2023, the maximum price of Indian Bank’s share is expected to be around ₹296.35, while the minimum price is predicted to be ₹249.41. As we move into July, the prices may see a slight dip, with the minimum price dropping to ₹257.49 However, this is likely to be a temporary setback as the prices are expected to recover and rise steadily over the following months.
The growth percentage is also expected to be impressive, with the share prices potentially increasing by over 70% from the minimum price in June to the maximum price in December 2023. Such growth is indicative of the promising future of the Indian banking sector, and investors may consider this as an opportunity to reap significant returns on their investments.
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INDIAN BANK SHARE PRICE TARGET 2024
| INDIAN BANK SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹383.15 | 1037.03 |
| February 2024 | ₹430.50 | ₹358.75 |
| March 2024 | ₹453.16 | ₹368.42 |
| April 2024 | ₹411.96 | ₹316.89 |
| May 2024 | ₹343.30 | ₹264.08 |
| June 2024 | ₹411.96 | ₹316.89 |
| July 2024 | ₹350.17 | ₹271.45 |
| August 2024 | ₹385.19 | ₹305.70 |
| September 2024 | ₹404.44 | ₹311.11 |
| October 2024 | ₹475.82 | ₹366.01 |
| November 2024 | ₹499.61 | ₹384.31 |
| December 2024 | ₹509.60 | ₹392.00 |
Indian banks are likely to experience moderate growth in 2024, with the share prices expected to remain stable with minor fluctuations throughout the year. Although the growth percentage may not be as high as in the previous year, there is still potential for decent returns on investments.
In January 2024, the maximum price for Indian Bank’s share is predicted to be around ₹358.90, while the minimum price is expected to be around ₹276.09. The prices may fluctuate over the following months, but overall, the trend seems to be stable with a slight increase towards the end of the year. The maximum price target for December 2024 is estimated to be around ₹402.15, while the minimum price target is around ₹309.34.
Investors may want to keep an eye on the performance of the banking sector in 2024 to assess the potential for growth and returns on their investments. While the growth percentage may not be as high as in the previous year, there is still room for moderate growth and stability in the Indian banking sector.
INDIAN BANK SHARE PRICE TARGET 2025
| INDIAN BANK SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹519.79 | ₹399.84 |
| February 2025 | ₹547.15 | ₹420.88 |
| March 2025 | ₹574.51 | ₹441.93 |
| April 2025 | ₹512.95 | ₹394.58 |
| May 2025 | ₹466.32 | ₹358.71 |
| June 2025 | ₹512.95 | ₹394.58 |
| July 2025 | ₹488.53 | ₹375.79 |
| August 2025 | ₹508.88 | ₹391.45 |
| September 2025 | ₹534.33 | ₹411.02 |
| October 2025 | ₹566.39 | ₹435.68 |
| November 2025 | ₹606.03 | ₹466.18 |
| December 2025 | ₹618.15 | ₹475.50 |
Indian banks are likely to experience an uptrend in 2025, with the share prices expected to increase steadily throughout the year. The growth percentage may not be as high as in the previous years, but there is still potential for decent returns on investments.
In January 2025, the maximum price for Indian Bank’s share is predicted to be around ₹414.75, while the minimum price is expected to be around ₹319.05. The prices may fluctuate over the following months, but overall, the trend seems to be upward with a steady increase towards the end of the year. The maximum price target for December 2025 is estimated to be around ₹493.74, while the minimum price target is around ₹379.14.
Investors may want to keep a close eye on the performance of the banking sector in 2025, particularly on the potential impact of external factors such as global economic trends and political instability. However, based on the predicted trend, there is potential for decent returns on investments in Indian banks in 2025.
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INDIAN BANK SHARE PRICE TARGET 2026 TO 2030
| INDIAN BANK SHARE PRICE BY | Maximum Price | Minimum Price |
| 2026 | ₹432.71 | ₹302.90 |
| 2027 | ₹367.80 | ₹257.46 |
| 2028 | ₹662.04 | ₹463.43 |
| 2029 | ₹1,359.94 | ₹951.96 |
| 2030 | ₹1,514.48 | ₹1,060.13 |
Based on the provided data, the share price of Indian banks is expected to witness a significant bullish trend in the coming years, with potential for substantial growth. In the year 2026, the maximum price target for Indian banks is predicted to be ₹432.71, while the minimum price is expected to be ₹302.90. Moving forward, in 2027, the maximum and minimum price targets are estimated to be ₹367.80 and ₹257.46, respectively. In 2028, the share price of Indian banks is expected to increase further, with the maximum target at ₹662.04 and the minimum target at ₹463.43. Similarly, in the year 2029, the maximum and minimum price targets are predicted to be ₹1,359.94 and ₹951.96, respectively. Finally, in 2030, the share price of Indian banks is predicted to continue its upward trend, with the maximum and minimum price targets expected to be ₹1,514.48 and ₹1,060.13, respectively. Investors who understand the potential growth prospects of Indian banks in the coming years can make informed decisions and potentially reap significant returns over the long term.
FINANCIAL STREGNTH OF INDIAN BANK (2018 TO 2022)
| ANNUAL | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
| Total Income | 46,268.15 | 45,648.54 | 24,726.78 | 21,073.50 | 19,531.91 |
| Total Income Growth (%) | 1.36 | 84.61 | 17.34 | 7.89 | 6.96 |
| Provisions & Contingencies | 8,791.47 | 8,404.74 | 5,738.49 | 4,557.48 | 3,744.39 |
| Provisions & Contingencies Growth (%) | 4.60 | 46.46 | 25.91 | 21.71 | 44.36 |
| Profit after Tax (PAT) | 4,118.62 | 3,149.15 | 861.34 | 380.13 | 1,310.54 |
| PAT Growth (%) | 31.67 | 297.81 | 136.21 | -74.59 | -10.62 |
| Net Interest Margin (%) | 2.48 | 2.49 | 2.45 | 2.50 | 2.47 |
| Net Profit Margin (%) | 10.59 | 8.05 | 4.02 | 1.98 | 7.65 |
| Basic EPS (₹) | 33.99 | 27.88 | 16.38 | 7.91 | 27.29 |
Indian Bank’s financial statement over the last five years indicates that the company has experienced both ups and downs. In FY 2022, the company’s total income increased slightly by 1.36% to reach ₹46,268.15 crores, while its provisions and contingencies increased by 4.60% to reach ₹8,791.47 crores.
However, the company’s profit after tax (PAT) grew by an impressive 31.67% to reach ₹4,118.62 crores, indicating a significant improvement from the previous year’s PAT of ₹3,149.15 crores. The company’s revenue growth in FY 2021 was also notable, with a growth percentage of 84.61%.
On the other hand, the company’s PAT witnessed a considerable drop of 74.59% in FY 2019 compared to the previous year. The net interest margin remained fairly stable around 2.47% to 2.50% over the years.
Overall, Indian Bank has shown resilience in its profit growth, with a maximum PAT of ₹4,118.62 crores in FY 2022 and a minimum of ₹380.13 crores in FY 2019. The company’s basic EPS has also shown an upward trend, reaching ₹33.99 in FY 2022 from ₹27.88 in FY 2021.
INDIAN BANK SHARE PRICE BY EXPERTS:
- According to the MD of SBI, there may be an increase in non-performing loans from the retail and MSME sectors in Indian banks.
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Hold Indian Bank, target price Rs 335: ICICI Direct
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FAQ’s
What is Indian Bank’s history and background?
Indian Bank, one of the leading public sector banks in India, has a rich history and background. The bank was established on 15th August 1907 as a part of the Swadeshi Movement, with the objective of promoting indigenous banking and supporting Indian trade and commerce. It was initially founded as a private bank and was known as “The Indian Bank Ltd.”
What are the services offered by Indian Bank?
Indian Bank offers a wide range of banking services, Indian Bank provides deposit services, loan products, credit cards, investment services, forex services, online and mobile banking, government schemes, NRI banking, and other banking services.
Does Indian Bank offer internet banking and mobile banking services?
Yes, Indian Bank offers both internet banking and mobile banking services to its customers, allowing them to access their accounts and perform various banking transactions online.
CONCLUSION
According to Indian Bank’s financial statements for the previous five years, PAT, provisions for contingencies, and total income have all steadily increased. The percentage of total income growth has been increasing, rising by 84.61% in FY 2021 and 1.36% in FY 2022. While this is happening, the PAT growth rate has also greatly improved, increasing by 297.81% in FY 2021 and 31.67% in FY 2022.
The PAT for FY 2019 was, however, negative, pointing to a potential setback for the corporation. However, over time, the provisions and contingencies have grown as well, which may be cause for concern. Notwithstanding the Indian Bank’s recent excellent revenue and PAT growth, investors should carefully review the firm’s financial statements.
Suhani Bhat, a student of Hansraj college, is a finance writer who takes deep interest in stock market, mutual funds, and other financial news. She writes for multiple finance blogs, including Financegradeup.com. Other than English, she also speaks Hindi.