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Latest balance sheet of Indian Bank is weak, and historically as well.
Yes, profit is increasing.
The profit of Indian Bank is ₹10,294 Crs for TTM, ₹8,419 Crs for Mar 2024 and ₹5,572 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Indian Bank latest dividend payout ratio is 19.2% and 3yr average dividend payout ratio is 19.32%
Company has been allocating majority of new resources to productive uses like advances.