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Indbank Merchant Banking Services Ltd.

BSE: 511473 Sector: Financials
NSE: INDBANK ISIN Code: INE841B01017
BSE LIVE 13:01 | 21 Sep 20.80 -1.10
(-5.02%)
OPEN

21.80

HIGH

22.50

LOW

20.20

NSE 12:46 | 21 Sep 20.95 -1.05
(-4.77%)
OPEN

22.00

HIGH

22.50

LOW

20.20

OPEN 21.80
PREVIOUS CLOSE 21.90
VOLUME 42934
52-Week high 26.90
52-Week low 9.00
P/E 17.05
Mkt Cap.(Rs cr) 92
Buy Price 20.80
Buy Qty 174.00
Sell Price 21.00
Sell Qty 300.00
OPEN 21.80
CLOSE 21.90
VOLUME 42934
52-Week high 26.90
52-Week low 9.00
P/E 17.05
Mkt Cap.(Rs cr) 92
Buy Price 20.80
Buy Qty 174.00
Sell Price 21.00
Sell Qty 300.00

Indbank Merchant Banking Services Ltd. (INDBANK) - Company History

Indbank Merchant Banking Services (Indbank) was incorporated in 1989 as a subsidiary of Indian Bank. Indbank is the first and the only public sector merchant banking subsidiary in the country to go public. Indbank has a comprehensive package of services like issue management, leasing and hire purchase, loan syndication, merger and acquisitions, stockbroking, treasury management, portfolio management, etc. Indbank has the distinction of being the first institutional member of the Madras Stock Exchange. It has opened odd-lot trading counters and investment counselling centres to cater to the growing requirements of investors. It is a member of the OTCEI. Together with Martin Currie, UK, Indbank launched an open ended off-shore fund, taking the total corpus to US $ 187 mln. It has also launched the country's first specific sector off-shore fund -- Schroder Indian Communication Fund in collaboration with Schroder, a leading investment banker in the UK. With the discontinuance of fund based activities consequent to the SEBI regulations coming into force, the Company has stopped accepting fresh/renewal of fixed deposits with effect from December 1997 and aggregate deposits accepted from public as on 31.03.2000 amounted to Rs. 24.16 crores. The Company is continuously taking steps for repayment of these deposits.