Indian Bank Manasa Gangotri Kata appointed
Indian Bank (BSE: INDIANB) said Manasa Gangotri Kata has been appointed. The company is valued at about ₹1.13 lakh crore.
What happened
Indian Bank (BSE: INDIANB) informed the stock exchanges on 24 October 2026 at 01:24 PM that Manasa Gangotri Kata has been appointed.
Company snapshot
Indian Bank is a large-cap company in the Financial Services sector, with a market value of about ₹1.13 lakh crore.
The stock last traded at ₹837.2, against a 52-week range of ₹764.1–₹1,000.9 (16.4% below the high).
Before this filing the shares had moved +1.8% over the month and +3.4% over three months. Average daily turnover over the last 20 sessions was about ₹116 crore.
Promoters held 73.84% at the end of Q2 FY27. Foreign institutions owned 6.86% and domestic institutions 16.77%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 19,271 | 3,108 | 23.07 |
| Q3 FY26 | 19,895 | 3,146.9 | 23.36 |
| Q4 FY26 | 20,261 | 3,173.1 | 23.56 |
| Q1 FY27 | 20,997 | 3,356.6 | 24.92 |
| Q2 FY27 | 23,336 | 3,540.7 | 26.29 |
What history shows
This is not the company's first management change disclosure: BCEIE has 9 earlier filings of this kind on record since May 2026.
After those filings, the stock fell 0.1% on average the next trading day and was up 1.7% on average after five days (7 filings with price data).
Across 300 similar disclosures by other Financial Services companies, shares moved −0.1% on average the next day and −0.5% over five days; 50% of them rose the next day.
Market-wide, 3,993 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 44% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 25 Sept 2026 | Extension of tenure of Shri Shiv Bajrang Singh, Executive Director… | −4.4% | — |
| 13 Aug 2026 | Management change | −0.2% | −2.9% |
| 13 Aug 2026 | Appointment of Shri Somesh Biswas as Non- Executive Independent… | −0.2% | −2.9% |
| 1 Aug 2026 | New Assignment /Change in Senior Management Personnel of the Bank | +1.0% | +5.7% |
| 1 Aug 2026 | Change in Senior Management Personnel of the Bank | +1.0% | +5.7% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
In the news
Recent coverage elsewhere (links open the original publisher):
- Indian Bank net profit rises 14.7% to ₹3,462 crore in Q2
- Rate hike unlikely to significantly hit asset quality, says Indian Bank MD
- Indian Bank (BOM:532814) (Q2 2027) Earnings Call Highlights: Strong Business Growth and ...
- TCS expands Indian Bank partnership, deploys BaNCS for Treasury in Sri Lanka
- Indian Bank raises deposit rates by 15 basis points
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.