Jun 26, 2020 08:55 PM IST
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.
- Jun 24, 2020 09:55 AM IST
- Jun 24, 2020 09:55 AM IST
- Jun 23, 2020 05:48 PM IST
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.
- Apr 29, 2020 07:55 PM IST
The bank has reduced its one-year MCLR by 30 basis points to 7.80 percent from existing 8.10 percent earlier, it said.
- Apr 20, 2020 10:40 PM IST
Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman have praised bankers for imparting their duty in these challenging times.
- Mar 19, 2020 09:28 PM IST
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.
- Feb 24, 2020 10:47 AM IST
Indian Bank, which is headed for a merger with Allahabad Bank, will reportedly load more Rs 200 denomination notes
- Jan 28, 2020 12:10 PM IST
- Jan 24, 2020 03:17 PM IST
Pre-provision operating profit grew by 67.3 percent year-on-year to Rs 1,918.8 crore in Q3FY20.
- Jan 16, 2020 12:34 PM IST
The government had in August 2019 announced consolidation of 10 state-run banks into four.
- Dec 30, 2019 06:23 PM IST
Accordingly, the revised MCLR would be 7.90 percent as against the existing 7.95 percent for overnight tenors.
- Nov 08, 2019 03:50 PM IST
"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.
- Oct 23, 2019 03:58 PM IST
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.
- Oct 14, 2019 03:59 PM IST
Indian Bank would be amalgamated with Allahabad Bank under the Centre's move to merge various public sector banks.
- Sep 16, 2019 08:20 PM IST
Finance Minister Nirmala Sitharaman had on August 30 announced the consolidation of 10 state-run banks into four large-scale lenders.
- Sep 03, 2019 03:25 PM IST
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.
- Aug 09, 2019 04:39 PM IST
According to the agreement, Cholamandalam MS, a Murugappa Group company, would sell its range of insurance policies to customers of Indian Bank.
- Aug 07, 2019 08:55 PM IST
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.
- Aug 07, 2019 05:53 PM IST
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.
- Aug 07, 2019 04:37 PM IST
ICICI Direct recommended hold rating on Indian Bank with a target price of Rs 220 in its research report dated August 06, 2019.
- Aug 06, 2019 11:22 AM IST
Domestic net interest margin contracted 10bps sequentially and 29bps YoY to 2.85 percent in quarter ended June 2019.
- Aug 05, 2019 04:26 PM IST
- Jun 29, 2019 08:20 PM IST
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.
- Jun 28, 2019 06:24 PM IST
'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.