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Indian Bank

FSIB recommends Binod Kumar for post of Indian Bank MD & CEO

FSIB recommends Binod Kumar for post of Indian Bank MD & CEO

Sun, Nov 24, 2024

The Financial Services Institutions Bureau (FSIB) on Saturday recommended Binod Kumar for the post of Managing Director of Chennai-based Indian Bank.

Indian Bank to raise Rs 5,000 crore via infrastructure bonds

Indian Bank to raise Rs 5,000 crore via infrastructure bonds

Thu, Sep 26, 2024

The board approved raising of additional long-term infrastructure bonds aggregating up to Rs 5,000 crore over and above Rs 5,000 crore already raised by the bank in FY25, the bank said in a regulatory filing.

Which stocks including Indian Bank, ASK Automotive, Vedanta and BSE will be in focus today?

Which stocks including Indian Bank, ASK Automotive, Vedanta and BSE will be in focus today?

Thu, Sep 26, 2024

Which stocks including Indian Bank, ASK Automotive, Vedanta and BSE will be in focus today?, On the basis of which news there will be action in the market?, What are the important triggers for the market? Know here in Stock In News.

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Stocks alert! Indian Bank, Brigade Enterprises share prices jump up to 7.5% intraday - HERE IS WHY

Stocks alert! Indian Bank, Brigade Enterprises share prices jump up to 7.5% intraday - HERE IS WHY

Tue, Jun 22, 2021

The shares of Indian Bank and Brigade Enterprises spurted during Tuesday’s trade, as the respective board of the company approved QIP (Qualified Institutional Placement) on Monday.

Stocks to watch out for TODAY: Why BEL, NMDC, Aarti Industries, Indian Bank and Welspun India will be in action today? Check this report

Stocks to watch out for TODAY: Why BEL, NMDC, Aarti Industries, Indian Bank and Welspun India will be in action today? Check this report

Tue, Jun 22, 2021

On the back of positive news and results, Zee Business Senior Research Analyst Varun Dubey explains the stocks such as BEL, NMDC, VST Tilers, Rana Sugar, Indian Bank, Aarti Industries among others that are likely to show strong movement during Tuesday’s trade.

Indian Bank customers IFSC Code ALERT! Erstwhile Allahabad Banks’s IFSC to be discontinued from 1 July - Do this to get your BRANCH CODE

Indian Bank customers IFSC Code ALERT! Erstwhile Allahabad Banks’s IFSC to be discontinued from 1 July - Do this to get your BRANCH CODE

Thu, Jun 17, 2021

If you are an Indian Bank customer, here is some important news for you. The state-run bank is informing this to its customers. The bank has been advertising and informing customers about the erstwhile Allahabad Bank IFSC code. The Indian Bank will discontinue the existing IFSC of the erstwhile Allahabad Bank from 1 July 2021

RBI takes stern action on another bank, cancels license

RBI takes stern action on another bank, cancels license

Tue, Dec 08, 2020

Taking tough action, RBI has canceled the license of Karad Janata Sahakari Bank. However RBI has said that depositors will definitely get their money back.

Indian Bank cuts one-year MCLR rate by 5 basis points

Indian Bank cuts one-year MCLR rate by 5 basis points

Wed, Sep 02, 2020

State-owned lender Indian Bank on Tuesday announced a cut of 5 basis points in its marginal cost of funds based lending rate (MCLR) for one-year tenure. The bank has decided to reduce the MCLR for one-year tenure by 5 basis points to 7.30 per cent effective from September 3, 2020, Indian Bank said in a regulatory filing

Top Stocks to Buy Today: SBI, Indian Bank, IndusInd Bank to Tech Mahindra, here are 20 money-makers for you

Top Stocks to Buy Today: SBI, Indian Bank, IndusInd Bank to Tech Mahindra, here are 20 money-makers for you

Thu, Aug 13, 2020

Top Stocks to Buy Today: Zee Business Fast Money team has come out with 20 top shares that can help traders mint money at a faster rate.

Indian Bank trims interest rate on gold loans for farmers

Indian Bank trims interest rate on gold loans for farmers

Sat, Jul 25, 2020

Indian Bank has slashed its interest rate on gold loans offered to farmers to 7 per cent.

Indian Bank cuts lending rate by 30 basis points

Indian Bank cuts lending rate by 30 basis points

Wed, Apr 29, 2020

State-owned Indian Bank on Wednesday announced a cut in its marginal cost of fund-based lending rate (MCLR) by 30 basis points across various tenors in line with market competition. The new interest rates will be effective from May 3, Indian Bank said in a regulatory filing

Safety of our employees is the biggest challenge for the bank: Padmaja Chunduru

Safety of our employees is the biggest challenge for the bank: Padmaja Chunduru

Tue, Apr 07, 2020

Padmaja Chunduru, MD &CEO, Indian Bank, talks about its amalgamation with the Allahabad Bank and problems that the bank faced in the process among others during an interview with Swati Khandelwal, Zee Business.

Coronavirus: 5 special emergency loans announced by this bank - Check who all can avail them

Coronavirus: 5 special emergency loans announced by this bank - Check who all can avail them

Thu, Mar 26, 2020

In a major development, Public sector Indian Bank on Thursday announced five special emergency loans for its customers, including corporate clients, Self-Help Groups, retail borrowers and pensioners. The five special emergency loans are:-

Bank merger: 115: 1,000 swap ratio for amalgamation of Indian Bank-Allahabad Bank

Bank merger: 115: 1,000 swap ratio for amalgamation of Indian Bank-Allahabad Bank

Fri, Mar 06, 2020

In regulatory announcement, Indian Bank said its Board of Directors at a meeting approved the fair equity share exchange ratio of 115 equity shares of Indian Bank for every 1,000 shares of Allahabad Bank which is subject to the statutory and regulatory approvals.

Banks can never be free of NPAs; it is a part of the business: Padmaja Chunduru, Indian Bank

Banks can never be free of NPAs; it is a part of the business: Padmaja Chunduru, Indian Bank

Thu, Dec 12, 2019

"Indian Bank's corporate lending has grown by 12% and we expect that it will improve in the fourth quarter", says Padmaja Chunduru, Managing Director and CEO, Indian Bank.

Initial Public Offering of SBI card may out till next quarter of the year

Initial Public Offering of SBI card may out till next quarter of the year

Sat, Oct 26, 2019

Initial Public Offering of SBI card may out till the next quarter of the year. Watch this video to know more.

Indian Bank Board to meet on Sept 18 to consider amalgamation of Allahabad Bank

Fri, Sep 13, 2019

According to a regulatory filing by the Allahabad Bank, its Board of Directors would be meeting on September 16 to consider amalgamation with the Indian Bank.

Big Bang Change! Modi govt announces bank-merger scheme; PNB, Oriental Bank and United Bank to be first to merge

Big Bang Change! Modi govt announces bank-merger scheme; PNB, Oriental Bank and United Bank to be first to merge

Fri, Aug 30, 2019

Sitharaman said that this consolidation of banks will have 82% business, rest will vest with others.

IndianBank MD&CEO says, trusts and societies should be brought under IBC

IndianBank MD&CEO says, trusts and societies should be brought under IBC

Sun, Jun 30, 2019

In order to take up resolution of defaulting educational institutions, PSU bank Indian Bank on Saturday has requested the Insolvency and Bankruptcy Board of India to bring trusts and societies under the IBC.

Indian Bank to focus on increasing CASA, curtailing costs in FY19-20

Indian Bank to focus on increasing CASA, curtailing costs in FY19-20

Thu, Jun 13, 2019

Public sector Indian Bank would focus on increasing CASA, curtailing costs and containing level of non-performing assets, a top official has said.

Indian Bank posts net loss of Rs 190 cr in Q4 on higher NPA provisioning

Indian Bank posts net loss of Rs 190 cr in Q4 on higher NPA provisioning

Tue, May 14, 2019

Indian Bank on Tuesday reported a net loss of Rs 189.77 crore in the fourth quarter of the financial year ended March 2019, as high level of bad loans required substantial amount to be kept as provisioning parking.

Bank of Maharashtra appoints A S Rajeev as MD, CEO

Bank of Maharashtra appoints A S Rajeev as MD, CEO

Sun, Dec 02, 2018

Rajeev is having about three decades of professional experience in three Banks - Syndicate Bank, Vijaya Bank and Indian Bank.

Indian Bank says most of its Rs 1,800-crore loan to IL&FS is 'good'

Indian Bank says most of its Rs 1,800-crore loan to IL&FS is 'good'

Sat, Nov 10, 2018

"The bank`s exposure to IL&FS is Rs 1,809 crore. Out of the 10 loan accounts, six are for special purpose vehicles (SPV of IL&FS) whose revenues are ring-fenced with an escrow account," Padmaja Chunduru, Managing Director and CEO, told reporters here.

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