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About Indbank Merchant Banking Services
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.
Parent Organisation
GoI - PSB
Managing Director
None
Founded
1989
NSE Symbol
INDBANK
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10th July, 2024
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Indbank Merchant Banking Services Ltd FAQs
What is the share price of Indbank Merchant Banking Services Ltd (INDBANK) shares?
Indbank Merchant Banking Services Ltd (INDBANK) share price as of October 4, 2024, on NSE is Rs 45.45 (NSE) and Rs 45.45 (BSE) on BSE.
Can I buy Indbank Merchant Banking Services Ltd (INDBANK) from Angel One?
Yes, You can buy Indbank Merchant Banking Services Ltd (INDBANK) shares by opening a Demat account with Angel One.
How do I buy Indbank Merchant Banking Services Ltd (INDBANK) from Angel One?
Indbank Merchant Banking Services Ltd (INDBANK) share can be bought through the following modes:
1. Direct investment: You can buy Indbank Merchant Banking Services Ltd (INDBANK) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Indbank Merchant Banking Services Ltd (INDBANK) shares.
1. Direct investment: You can buy Indbank Merchant Banking Services Ltd (INDBANK) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Indbank Merchant Banking Services Ltd (INDBANK) shares.
What is the main business of Indbank Merchant Banking Services ?
The company offers services in a variety of fields such as merchant banking, depository participant services and stockbroking among others.
Who are the promoters of Indbank Merchant Banking Services ?
Indian Bank is the promoter of Indbank Merchant Banking Services.
What are the Subsidiaries that comes under Indbank Merchant Banking Services ?
This company does not have any subsidiaries.
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