Laurentian Bank of Canada
Laurentian Bank of Canada (TSX: LB) is trading at CA$40.38, about ₹2,755 at today's CAD/INR rate, as of 8 Oct 2026, 4:00 PM ET. Indian residents can buy Laurentian Bank of Canada from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CA$40.33
Today's high
CA$40.39
52 week low
CA$31.69
52 week high
CA$40.78
LB opened at CA$40.33, closed previously at CA$40.38, and has traded between CA$31.69 and CA$40.78 over the past 52 weeks.
About
Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, commercial, and institutional customers in Canada and the United States. It operates through Personal and Commercial Banking, and the Capital Markets segments. The company offers chequing, current, business, savings, day by day US dollar, youth, and senior accounts; personal and student line of credit; personal, student, RRSP, and term loans; fixed and variable rate mortgage; equity line of credit; commercial lending; revolving credit; financing solutions; and mortgage and loan insurance. It also provides international services; and guaranteed investment certificates, term deposits, mutual funds, and other registered plans. In addition, the company offers government tax returns and remittance, banking transactions, ATMs, and operations managements solutions; and payment services, such as interac e-transfer, wire transfers, electronic funds transfers, and deposit box. The company was founded in 1846 and is headquartered in Montreal, Canada.
Key statistics
Avg. volume
172.13K
Market cap
CA$1.81B
P/E Ratio
-80.34
Price-to-sales ratio
0.92
Enterprise value
CA$19.62B
Free cash flow yield
23.21%
Debt-to-equity ratio
7.52
Return on equity
4.85%
ROIC
0.61%
Beta
1.15
Dividend yield
4.66%
Last dividend
CA$1.88
Financial overview
Revenue
CA$2.34B
Earnings per share
CA$2.84
Free cash flow
CA$341.84M
Net profit margin
-0.41%
Gross margin
29.35%
EBITDA
CA$218.85M
Revenue growth
-9.31%
Similar securities
This is not an investment recommendation
How to buy Laurentian Bank of Canada from India
Indian residents can buy Laurentian Bank of Canada shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers. Read the full guide: how to invest in Laurentian Bank of Canada from India
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to CAD.
Search for Laurentian Bank of Canada and place an order
Find Laurentian Bank of Canada by name or by its ticker, LB, and choose an order type. Laurentian Bank of Canada trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Laurentian Bank of Canada position in CAD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying Laurentian Bank of Canada from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Laurentian Bank of Canada’s current yield is 4.66%.Dividend tax explained
FAQs
Can Indian residents buy Laurentian Bank of Canada stock?
Yes. Laurentian Bank of Canada (LB) has been listed on the Toronto Stock Exchange since 1995, in the Banks - Regional industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to CAD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Laurentian Bank of Canada share cost in rupees?
One Laurentian Bank of Canada share is CA$40.38 — about ₹2,755 at a CAD/INR rate of 68.23 on 8 Oct 2026. Both the Laurentian Bank of Canada price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Laurentian Bank of Canada from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
How are gains on Laurentian Bank of Canada shares taxed in India?
Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the CAD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Laurentian Bank of Canada price. Paasa issues a capital-gains statement for your return.
Does Laurentian Bank of Canada pay a dividend, and how is it taxed in India?
Yes. Laurentian Bank of Canada pays a dividend and the current yield is 4.66%; the last declared dividend was CA$1.88 per share, about ₹128.26. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Laurentian Bank of Canada from India?
The Toronto Stock Exchange trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when Canada is on standard time. Orders can only execute during that window.
Do I have to declare Laurentian Bank of Canada shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Laurentian Bank of Canada holding, its cost and its closing value.
How do I sell Laurentian Bank of Canada and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in CAD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.
Does the rupee rate affect what I make on Laurentian Bank of Canada?
Yes. Laurentian Bank of Canada is priced in CAD, so your rupee outcome combines the CAD move with the CAD/INR move between the day you remit and the day you convert back. Both directions are reflected in the capital-gains statement Paasa issues.