Indian Bank

Indian Bank Q2 net up 11.5% at Rs 452 crore as bad assets shrink

Net NPAs of bad loans too fell to 3.41 per cent of the net advances at the end of second quarter this fiscal, from 4.62 per cent in the year-ago corresponding period.

Nov 06, 2017, 14:52 PM IST
Public sector Indian Bank revises interest rates

Public sector Indian Bank revises interest rates

Interest rates for deposits of three years and above but less than four years, have been revised to 2.67 per cent from existing 2.75 per cent.

Sep 01, 2017, 16:59 PM IST
12 PSU banks firming plans to raise funds from markets

12 PSU banks firming plans to raise funds from markets

Board of PNB has given its approval for raising equity capital to the tune of Rs 3,000 crore through FPO, QIP or rights issue.

Aug 06, 2017, 16:53 PM IST

Indian Bank Q1 profit rises 21% to Rs 372 crore

Gross non-performing assets (NPAs) of the bank rose to 7.21 percent, from 6.97 percent a year ago. Net NPAs however came down to 4.05 percent of net advances from, 4.48 percent.

Jul 21, 2017, 13:03 PM IST
Indian Bank revises interest rates in FCNR deposits

Indian Bank revises interest rates in FCNR deposits

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

Mar 02, 2017, 16:08 PM IST

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.

Aug 02, 2016, 20:52 PM IST

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.

Apr 14, 2016, 19:43 PM IST
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.

Feb 26, 2016, 23:22 PM IST

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.

Aug 29, 2015, 16:14 PM IST

Indian Bank revises FCNR(B) interest rates

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

Aug 03, 2015, 17:20 PM IST

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.

Jul 28, 2015, 14:22 PM IST

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.

Jul 23, 2015, 15:12 PM IST

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.

Jun 04, 2015, 21:29 PM IST

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.

May 30, 2015, 19:02 PM IST

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.

May 14, 2015, 14:48 PM IST

Indian Bank revises interest rates

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

Apr 01, 2015, 14:32 PM IST

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.

Mar 01, 2015, 21:37 PM IST

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.

Feb 10, 2015, 22:09 PM IST

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.

Nov 06, 2014, 18:03 PM IST

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.

Aug 30, 2014, 16:14 PM IST