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Slamming the UPA government for giving loans without doing the fact-check of projects, Goyal said, the previous government started distributing loans from 2006 that went on till 2014.
As a part of its initiative to enhance the Non-Resident Indian (NRI) business, Indian Bank—Chennai North Zone organised an NRI meet on Thursday.
The agency, however, said that even though loan delinquencies will shoot up due to the floods that have claimed over 470 lives, the actual haircuts which the financiers will have to take will differ.
The Indian Bank’s Stressed Asset Management Branch in Chennai, one among the seven branches to be opened all over the country to focus on Non Performing Assets (NPA), was inaugurated on Monday.
Kerala-based South Indian Bank has declared a net profit of Rs 23.04 crores for the first quarter of the financial year 2018-19 as against Rs 101.47 crores during the corresponding period last year.
Riding on skipper D Hemalatha’s all-round display, Yellow Challengers defeated White Warriors by seven wickets in the final of the TNCAIndian Bank Trophy limited-over tournament for women.
The Arni branch of Indian Bank has escaped from the levy of `one lakh as costs for not sanctioning educational loan to a bright student.
N Niranjana’s unbeaten 115 enabled Green Invaders beat Silver Strikers by 26 runs in the Indian Bank Trophy T20 tournament for women, organised by TNCA.
India’s banks, as on May 25, 2018, hold about Rs 110 lakh crore of hard-earned money belonging to the public.
Of the total Rs 520 crore to be raised, the bank said Rs 20 crore will be raised through equity capital and Rs 500 crore will be mopped up through bonds.
As part of the judgment, the court has also ordered Mallya, 62, to pay costs towards registration of the worldwide freezing order and of the Debt Recovery Tribunal of Karnataka's judgment in Britain.
Today is the last day of the two-day strike being observed by the United Forum of Banking Unions (UFBU), an umbrella organisation consisting all nine unions of the banking sector.
The penalty has been imposed on the bank for non-compliance with the directions on Income Recognition and Asset Classification (IRAC) norms.
The bank's net profit during January-March, 2016-17 stood at Rs 75.54 crore.
The lender, however, reported a 59 per cent decline in net profit for the fourth quarter ended March 31, due to the hardening of the bond yields and as provisions for bad loans more than doubled.