Valley National Bancorp
Valley National Bancorp (NASDAQ: VLY) is trading at $12.78, about ₹1,228 at today's USD/INR rate, as of 28 Sep 2026, 4:00 PM ET, down 2.29% today. Indian residents can buy Valley National Bancorp from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$12.71
Today's high
$13.06
52 week low
$9.64
52 week high
$15.20
VLY opened at $13.05, closed previously at $13.08, and has traded between $9.64 and $15.20 over the past 52 weeks.
About
Valley National Bancorp, the holding company for Valley National Bank, delivers an extensive array of financial services encompassing commercial, retail, insurance, and wealth management. Its operations are organized into three core segments: Commercial Lending, Consumer Lending, and Investment Management. The institution accepts a variety of deposits, including non-interest-bearing, savings, NOW, money market, and time accounts. Its diverse lending portfolio features commercial and industrial loans, commercial and residential real estate mortgages, automobile financing, and loans backed by the cash surrender value of life insurance. Valley National also provides home equity loans and credit lines, as well as other secured and unsecured consumer loans. The company strategically invests in various securities and interest-bearing deposits with other banks. For international clients, it offers services like standby and documentary letters of credit, foreign exchange transactions, documentary collections, international wire transfers, and transaction accounts for non-resident aliens. Furthermore, the company furnishes investment services for individuals and small to medium-sized businesses, alongside trusts and custom-tailored investment strategies for a range of retirement plans. Its comprehensive trust offerings include living and testamentary trusts, investment management, custodial and escrow services, and estate administration. Additional services comprise tax credit advisory, a full spectrum of insurance agency services (property, casualty, life, health, and title), healthcare equipment lending, other commercial equipment leasing, and real estate-related investments. Customers benefit from modern conveniences such as online, mobile, and telephone banking, overdraft protection, drive-in and night deposit options, ATMs, remote deposit capture, and safe deposit boxes. As of December 31, 2021, Valley National Bancorp operated 232 branch locations across New Jersey, New York, Florida, and Alabama. The company was founded in 1927 and maintains its headquarters in New York, New York.
Key statistics
Avg. volume
6.61M
Market cap
$7.08B
P/E Ratio
10.56
Price-to-sales ratio
2.38
Enterprise value
$9.57B
Free cash flow yield
7.84%
Debt-to-equity ratio
0.44
Return on equity
8.88%
ROIC
2.83%
Beta
1.05
Dividend yield
3.44%
Last dividend
$0.44
Financial overview
Revenue
$3.49B
Earnings per share
$1.02
Free cash flow
$343.83M
Net profit margin
23.26%
Gross margin
50.50%
EBITDA
$812.59M
Revenue growth
-2.21%
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This is not an investment recommendation
How to buy Valley National Bancorp from India
Indian residents can buy Valley National Bancorp 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.
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.
Search for Valley National Bancorp and place an order
Find Valley National Bancorp by name or by its ticker, VLY, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Valley National Bancorp trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Valley National Bancorp position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Valley National Bancorp from India
Trading and taxes when buying Valley National Bancorp 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. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Valley National Bancorp’s current yield is 3.44%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Valley National Bancorp stock?
Yes. Valley National Bancorp (VLY) has been listed on NASDAQ since 1990, 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. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Valley National Bancorp share cost in rupees?
One Valley National Bancorp share is $12.78 — about ₹1,228 at a USD/INR rate of 96.07 on 28 Sep 2026. Both the Valley National Bancorp 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 Valley National Bancorp 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.
Can I buy whole shares of Valley National Bancorp?
Yes. One Valley National Bancorp share is $12.78, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Valley National Bancorp.
How are gains on Valley National Bancorp shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. 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 USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Valley National Bancorp price. Paasa issues a capital-gains statement for your return.
Does Valley National Bancorp pay a dividend, and how is it taxed in India?
Yes. Valley National Bancorp pays a dividend and the current yield is 3.44%; the last declared dividend was $0.44 per share, about ₹42.27. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Valley National Bancorp from India?
NASDAQ 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 the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Valley National Bancorp shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare Valley National Bancorp 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 Valley National Bancorp holding, its cost and its closing value.
How do I sell Valley National Bancorp and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD 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.