- Tag results for Indian Bank
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.
The bank saw a total business growth of 14.28 per cent which amounted to a profit of around four lakh crores.
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.
Indian Bank beat Sports Authority of India 4-3 in the Chennai Hockey Association’s Shriram City Super Six league.
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.
Interest rates for deposits of three years and above, but less than four years have been fixed at 4.06 per cent.
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.