- Tag results for Indian Bank
Padmaja Chunduru took over as MD & CEO of Chennai-based Indian Bank in September 2018.
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.
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.
During the conciliation meeting held in Delhi, the Additional Chief Labour Commissioner advised the three banks and IBA to hold negotiations with the unions.
Over the last several years, the state-run Indian banks’ capital constraints have seen them cede market share to nonbanks.
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.