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  • S&P Global Ratings lowers Axis Bank rating on increased economic risks for banks Jun 26, 2020 08:55 PM IST

    S&P Global Ratings lowers Axis Bank rating on increased economic risks for banks

    S&P also put Indian Bank ratings on 'Credit Watch' because it expects a high risk that the public sector bank's credit profile could weaken over the coming quarters due to COVID-19 as well as the merger with the weaker Allahabad Bank.

  • Indian Bank Consolidated March 2020 Net Interest Income (NII) at Rs 1,999.30 crore, up  13.4% Y-o-Y Jun 24, 2020 09:55 AM IST

    Indian Bank Consolidated March 2020 Net Interest Income (NII) at Rs 1,999.30 crore, up 13.4% Y-o-Y

  • Indian Bank Standalone March 2020 Net Interest Income (NII) at Rs 2,002.76 crore, up  13.57% Y-o-Y Jun 24, 2020 09:55 AM IST

    Indian Bank Standalone March 2020 Net Interest Income (NII) at Rs 2,002.76 crore, up 13.57% Y-o-Y

  • Indian Bank Q4 loss widens to Rs 218 crore Jun 23, 2020 05:48 PM IST

    Indian Bank Q4 loss widens to Rs 218 crore

    The bank's provisions for bad loans and contingencies were hiked to Rs 1,891.86 crore for March quarter of 2019-20 as against Rs 1,638.83 crore in year-ago same period.

  • Indian Bank cuts lending rate by 30 basis points Apr 29, 2020 07:55 PM IST

    Indian Bank cuts lending rate by 30 basis points

    The bank has reduced its one-year MCLR by 30 basis points to 7.80 percent from existing 8.10 percent earlier, it said.

  • PSU banks provide up to Rs 20 lakh insurance cover to employees Apr 20, 2020 10:40 PM IST

    PSU banks provide up to Rs 20 lakh insurance cover to employees

    Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman have praised bankers for imparting their duty in these challenging times.

  • Indian Bank NPA to rise, no change in board post-merger Mar 19, 2020 09:28 PM IST

    Indian Bank NPA to rise, no change in board post-merger

    The coronavirus outbreak also poses new threats to the amalgamated entity to clock around 12 percent loan growth at the end of the next fiscal.

  • Indian Bank stops loading ATMs with Rs 2,000 notes: Report Feb 24, 2020 10:47 AM IST

    Indian Bank stops loading ATMs with Rs 2,000 notes: Report

    Indian Bank, which is headed for a merger with Allahabad Bank, will reportedly load more Rs 200 denomination notes

  • Indian Bank Consolidated December 2019 Net Interest Income (NII) at Rs 1,955.28 crore, up  13.88% Y-o-Y Jan 28, 2020 12:10 PM IST

    Indian Bank Consolidated December 2019 Net Interest Income (NII) at Rs 1,955.28 crore, up 13.88% Y-o-Y

  • Indian Bank Q3 profit jumps 62%, asset quality stable Jan 24, 2020 03:17 PM IST

    Indian Bank Q3 profit jumps 62%, asset quality stable

    Pre-provision operating profit grew by 67.3 percent year-on-year to Rs 1,918.8 crore in Q3FY20.

  • Indian Bank might retain its name after merger: Report Jan 16, 2020 12:34 PM IST

    Indian Bank might retain its name after merger: Report

    The government had in August 2019 announced consolidation of 10 state-run banks into four.

  • Indian Bank to revise MCLR from January 3 Dec 30, 2019 06:23 PM IST

    Indian Bank to revise MCLR from January 3

    Accordingly, the revised MCLR would be 7.90 percent as against the existing 7.95 percent for overnight tenors.

  • Indian Bank, Muthoot Microfin sign MoU Nov 08, 2019 03:50 PM IST

    Indian Bank, Muthoot Microfin sign MoU

    "Under the memorandum of understanding, the bank and the non-banking finance company will jointly lend to the MSME borrowers," the bank said in a statement.

  • Indian Bank Q2 profit spikes 139% YoY, asset quality improves sequentially Oct 23, 2019 03:58 PM IST

    Indian Bank Q2 profit spikes 139% YoY, asset quality improves sequentially

    Asset quality improved sequentially in Q2 with gross non-performing assets as a percentage of gross advances (NPA) falling 13bps QoQ to 7.2 percent and net NPA declining 30bps to 3.54 percent.

  • Portals seeking views on merger to be rolled out: Indian Bank Oct 14, 2019 03:59 PM IST

    Portals seeking views on merger to be rolled out: Indian Bank

    Indian Bank would be amalgamated with Allahabad Bank under the Centre's move to merge various public sector banks.

  • Allahabad Bank board approves merger with Indian Bank Sep 16, 2019 08:20 PM IST

    Allahabad Bank board approves merger with Indian Bank

    Finance Minister Nirmala Sitharaman had on August 30 announced the consolidation of 10 state-run banks into four large-scale lenders.

  • Indian Bank expects to complete merger with Allahabad Bank by March 31 Sep 03, 2019 03:25 PM IST

    Indian Bank expects to complete merger with Allahabad Bank by March 31

    Last week, the government announced consolidation of 10 public sector banks into four mega state-owned lenders, including merger of Allahabad Bank with Indian Bank.

  • Indian Bank inks pact with Cholamandalam MS General Insurance Aug 09, 2019 04:39 PM IST

    Indian Bank inks pact with Cholamandalam MS General Insurance

    According to the agreement, Cholamandalam MS, a Murugappa Group company, would sell its range of insurance policies to customers of Indian Bank.

  • Indian Bank, Aditya Birla Sun Life Insurance ink pact Aug 07, 2019 08:55 PM IST

    Indian Bank, Aditya Birla Sun Life Insurance ink pact

    The partnership would see around 2,900 branches of the bank offering diverse range of life insurance policies to its customers, a bank statement said on August 7.

  • Buy Indian Bank; target of Rs 250: Motilal Oswal Aug 07, 2019 05:53 PM IST

    Buy Indian Bank; target of Rs 250: Motilal Oswal

    Motilal Oswal is bullish on Indian Bank has recommended buy rating on the stock with a target price of Rs 250 in its research report dated August 05, 2019.

  • Hold Indian Bank; target of Rs 220: ICICI Direct Aug 07, 2019 04:37 PM IST

    Hold Indian Bank; target of Rs 220: ICICI Direct

    ICICI Direct recommended hold rating on Indian Bank with a target price of Rs 220 in its research report dated August 06, 2019.

  • Indian Bank jumps 7% after lower provisions lift Q1 profit, but slippages remain elevated Aug 06, 2019 11:22 AM IST

    Indian Bank jumps 7% after lower provisions lift Q1 profit, but slippages remain elevated

    Domestic net interest margin contracted 10bps sequentially and 29bps YoY to 2.85 percent in quarter ended June 2019.

  • Indian Bank Standalone June 2019 Net Interest Income (NII) at Rs 1,785.43 crore, down  1.19% Y-o-Y Aug 05, 2019 04:26 PM IST

    Indian Bank Standalone June 2019 Net Interest Income (NII) at Rs 1,785.43 crore, down 1.19% Y-o-Y

  • Trusts, societies should be brought under IBC: Indian Bank MD & CEO Jun 29, 2019 08:20 PM IST

    Trusts, societies should be brought under IBC: Indian Bank MD & CEO

    Participating in a workshop organised by IBBI jointly with city-based Indian Bank, its Managing Director and CEO Padmaja Chunduru voiced concern over the delay in admission of cases, and said the minimum default amount of Rs one lakh should be enhanced, among others, a press release said here.

  • Indian Bank draws up plan on growth, earnings: MD & CEO Padmaja Chunduru Jun 28, 2019 06:24 PM IST

    Indian Bank draws up plan on growth, earnings: MD & CEO Padmaja Chunduru

    'The bank has a well laid-out business plan with a clear visibility on growth, earnings and asset quality that create significant value for all its stakeholders,' she said.

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