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Indian Bank launches prepaid travel, gift cards

Last Updated: Wednesday, September 26, 2012, 23:25

The prepaid gift cards are currently available in denominations of Rs 1,000 and Rs 5,000 and can be bought at no additional charge, while the travel cards issued in US Dollars come with an initial load of USD 200, Indian Bank General Manager G N Hegde said.

Indian Bank unaffected by relief to Discoms

Last Updated: Wednesday, September 26, 2012, 21:20

Indian Bank has an exposure of around Rs.7,000 crore to the power sector, of which around Rs.5,000 crore is accounted by the state power distribution companies. According to an official, around Rs.2,200 crore have been restructured.

Indian Bank may raise capital through FPO next fiscal

Last Updated: Sunday, September 09, 2012, 11:57

Indian Bank may come out with a follow-on public offer (FPO) next fiscal if market conditions improve, a top official said.

Indian Bank cuts home, car loan rates by up to 0.5%

Last Updated: Tuesday, September 04, 2012, 17:27

State-owned Indian Bank has reduced interest rates on home and car loans by up to 0.5 percent to increase disbursements in these segments.

Indian Bank revises FCNR deposit interest rates

Last Updated: Sunday, September 02, 2012, 14:08

Public sector Indian Bank has revised its interest rates on Foreign Currency Non-Resident (Banking) term deposits across different maturities with immediate effect.

Indian Bank to open 1,525 ultra small branches in rural areas

Last Updated: Sunday, August 26, 2012, 16:54

When asked whether there was any specific motive for opening branches in rural area like Sivaganga district, Bashin said Indian bank wanted to focus on villages.

Farm loans in drought hits areas are restructured: Indian Bank

Last Updated: Tuesday, August 14, 2012, 18:18

Public sector lender Indian Bank Tuesday said it has started rescheduling and restructuring of loans to the farm sector in drought-hit areas.

Indian Bank net profit up 13.46% at Rs 461.74 cr

Last Updated: Monday, July 23, 2012, 17:41

State-owned Indian Bank on Monday reported 13.46 percent jump in net profit at Rs 461.74 crore for the first quarter ended June 30, 2012.

Indian Bank revises FCNR interest rates

Last Updated: Sunday, July 01, 2012, 17:58

Public sector Indian Bank Sunday revised interest rates for Foreign Currency Non-resident (Banking) accounts with immediate effect.

SIB registers net profit of over Rs 400 crore in FY'12

Last Updated: Thursday, June 28, 2012, 17:19

South Indian Bank (SIB) on Thursday posted a net profit of Rs 401.66 crore in 2011-12, a growth of 37.29 percent over the previous year.

Fitch lowers rating outlook of SBI, ICICI, PNB among others

Last Updated: Wednesday, June 20, 2012, 13:33

Global agency Fitch Wednesday revised downwards credit rating outlook of 12 financial entities including SBI, ICICI Bank and PNB to negative, following a similar revision for India's sovereign outlook.

Fitch downgrades Indian Bank to negative

Last Updated: Friday, June 01, 2012, 21:06

Global rating agency Fitch on Friday downgraded state-run Indian Bank credit outlook to negative from stable.