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Indian Bank to raise Rs 1,000 cr via bonds

State-owned Indian Bank on Tuesday said it will raise up to Rs 1,000 crore by issuing Basel-III compliant bonds.

Risk-pricing must improve for better asset quality, says Kotak

Stating that there is an urgent need to arrest rising bad loans, Uday Kotak, head of Kotak Mahindra Bank, today said the problem arose as bankers excessively focussed on collaterals and not the cash flow prospects of the funded projects.

SBI, Indian Bank employees to participate in February 29 strike

SBI, Indian Bank employees to participate in February 29 strike

With public sector bank officers threatening to go on strike on Monday, the country's largest lender SBI Friday said a section of its employees may take part in the said agitation on February 29 -- a day when Finance Minister Arun Jaitley will present the General Budget.

Indian Bank launches IndPay mobile app service

With an eye on people on the move, public lender Indian Bank has launched IndPay, a mobile application service that enables its customers to operate bank accounts from anywhere, anytime.

Indian Bank revises FCNR(B) interest rates

Indian Bank has revised its Foreign Currency Non-Resident (banking) term deposit interest rates with immediate effect.

Indian Bank pays Rs 165.62 cr as dividend to govt

Indian Bank Managing Director and CEO (Additional Charge), Mahesh Kumar Jain presented the cheque to Finance Minister Arun Jaitley in New Delhi, the Chennai-based bank said in a statement.

Indian Bank Q1 net up 4% at Rs 215 crore

"Provision of Rs 83.13 crore has been made during the quarter towards balance in arrears for wage revision, which is effective from November 1, 2012.

Indian Bank cuts lending rate by 0.3%, UBI slashes FD rate

State-owned Indian Bank Thursday slashed base rate or the minimum lending rate by 0.3 percent while United Bank of India (UBI) has reduced fixed deposit rates by up to 0.25 percent on select maturities.

Indian Bank revises deposit rates

Public sector lender Indian Bank has revised interest rates in the foreign currency non-resident (banking) deposits, with effect from June 1.

Indian Bank Q4 net down 24% at Rs 206 crore

Indian Bank has registered a fall of 24 percent in its net profit at Rs 206.16 crore in the quarter ended March 31 as it reserved a sum for wage revision.

Indian Bank revises interest rates

Public sector Indian Bank has revised the foreign currency non-resident banking term deposits interest rates with immediate effect.

IBUs to be treated as foreign branches of Indian banks

International Financial Services Centre (IFSC) Banking Units, to be set up at Gandhinagar, will be treated on par with foreign branches of Indian banks.

Indian bank's overseas branches grew 36% in 2003-14: RBI

Indian bank's overseas branches saw robust growth overseas of 36.5 percent in 2013-14, while foreign banks in India recovered from the slowdown with a growth of 20.6 percent, RBI data showed today.

Indian Bank Q2 Net profits marginally jumps to Rs 314.33 Cr

Public sector Indian Bank has reported a marginal increase in net profit for the second quarter ending September 30, 2014 at Rs 314.33 crore.

Indian Bank to revise interest rates from today

Public sector Indian Bank will revise its interest rates on the foreign currency non-resident (banking) term deposits from tomorrow.

Indian Bank Q1 Net dips 35% to Rs 207.15 crore

State-run Indian Bank on Friday reported 34.7 per cent decline in its net profit to Rs 207.15 crore for the quarter ending June 30.

RBI Governor launches Indian Bank's mobile branches

As part of the urban financial inclusion initiative by public sector Indian Bank, two mobile branches with ATM facility was launched here by RBI Governor Raghuram G Rajan.

Indian Bank revises interest rates on FCNR (B) deposits

State-run Indian Bank has revised the interest rates on foreign currency non-resident (banking) deposits with immediate effect.

Indian Bank declares 47% dividend for 2013-14

Shareholders of public sector Indian Bank have approved final dividend of 47 percent for the year ending March 31, 2014.

Indian Bank to employ Tihar inmates at its prison branch

Tihar Jail inmates with proven good conduct and qualifications will soon be working at "non-sensitive" positions at the Indian Bank branch at the prison.