• Tag results for Indian Bank

Taking the prudent route

Padmaja Chunduru took over as MD & CEO of Chennai-based Indian Bank in September 2018.

published on : 9th January 2019

Banks’ closure for six days paralyses industries, mines in Odisha

While no official data was available at the local level, banking sources claimed that cash and cheque transactions running to `200 to `300 crores were hit in city on Wednesday.

published on : 27th December 2018

Banks’ woes unabated as number of wilful defaulters continues to rise

The Fugitive Economic Offenders Act, 2018 has also been enacted to provide for attachment of property of a fugitive economic offender, confiscation of said property.

published on : 26th December 2018

10 lakh bankers to strike work on December 26 against mergers

During the conciliation meeting held in Delhi, the Additional Chief Labour Commissioner advised the three banks and IBA to hold negotiations with the unions.

published on : 20th December 2018

India misses wake-up call from shadow-bank bust

Over the last several years, the state-run Indian banks’ capital constraints have seen them cede market share to nonbanks.

published on : 26th November 2018

Banks likely to recoup lost market share on lending side, but deposits a challenge: CLSA

Lenders face structural pressure in the area of retail term deposits, with non-bank players offering 33 per cent higher net-of-tax returns for the same gross yield, CLSA said.

published on : 11th November 2018

Indian Bank’s net profit dips due to increase in bad loans

The bank saw a total business growth of 14.28 per cent which amounted to a profit of around four lakh crores.

published on : 10th November 2018

Large private banks set to gain from NBFC turmoil, says Morgan Stanley

Apart from the higher rate trend and NBFC turmoil, the firm added that better retail funding bases and digitisation initiatives are other key favourables for large banks.

published on : 23rd October 2018

Indian Bank overcome SAI in 4-3 cliffhanger

Indian Bank beat Sports Authority of India 4-3 in the Chennai Hockey Association’s Shriram City Super Six league.

published on : 22nd October 2018

South Indian Bank Q2 net surges to Rs 70 crore

The net non-performing asset (NPA) of the bank widened to 3.16 per cent in the second quarter compared to 2.57 per cent reported in thew corresponding quarter of the previous year.

published on : 17th October 2018

Indian Bank revises interest rates on FCNR(B) deposits

Interest rates for deposits of three years and above, but less than four years have been fixed at 4.06 per cent.

published on : 6th October 2018

UPA weakened banking sector by giving loans blindly, says BJP

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.

published on : 12th September 2018

Indian Bank-Chennai North Zone organise NRI meet

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. 

published on : 1st September 2018

Kerala floods to impact microlenders, general insurers, gold financiers and major banks

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.

published on : 30th August 2018

Indian Bank opens new branch

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.

published on : 29th August 2018
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