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The latest update is out from Indian Bank ( (IN:INDIANB) ).
Indian Bank announced the amalgamation of Saptagiri Grameena Bank, which it sponsors, into Andhra Pradesh Grameena Bank, effective May 1, 2025. This move is part of a broader consolidation effort mandated by the Central Government, which aims to streamline regional rural banking under the sponsorship of Union Bank of India, potentially enhancing operational efficiency and market reach.
More about Indian Bank
Indian Bank operates in the banking industry, providing a range of financial services including retail and corporate banking, with a focus on regional rural banking through its sponsorship of various Grameena Banks.
YTD Price Performance: 4.01%
Average Trading Volume: 33,740
Current Market Cap: 735B INR
For a thorough assessment of INDIANB stock, go to TipRanks’ Stock Analysis page.