Indian Bank

Indian Bank zonal office inaugurated

District Collector I Samuel Anand Kumar and Urban Superintendent of Police RN Ammi Reddy were also present.

published on : 12th December 2020

Madras HC tells Indian Bank to frame recruitment rules for sub-staff posts

Justice R Mahadevan gave the direction in a recent order, dismissing a batch of petitions filed by several candidates seeking appointment to the posts.

published on : 26th November 2020

Indian Bank empowers more entrepreneurs

Indian Bank on Thursday completed training its third batch attending ‘MSME Prerana’, an online business-mentoring programme for MSMEs, at the Indian Bank’s Corporate Centre.

published on : 20th November 2020

IBA, bank unions conclude wage revision negotiations

After three years of intense negotiations, bank employees' unions and IBA, on July 22, had entered into a memorandum of understanding for an annual wage hike of 15 per cent.

published on : 11th November 2020

Indian Bank inks MoU with Housing Ministry, SIDBI for street vendors

The Centre introduced the Prime Minister Street Vendor's AtmaNirbhar Nidhi (SVANidhi Scheme) to provide loans to the vendors and hawkers, among others.

published on : 15th October 2020

'Bad Money' book review: Vivek Kaul's unsparing analysis on shambolic state of Indian banking, PSBs

The author makes it clear that the banking system is in bad shape.

published on : 30th August 2020

Indian Bank Q1 net profit up marginally at Rs 369 crore

Total income of the bank almost doubled to Rs 11,446.71 crore during the April-June period of 2020-21 from Rs 5,832.12 crore in the year-ago same period, Indian Bank said in a regulatory filing.

published on : 14th August 2020

Indian Bank trims interest rate on gold loans for farmers

Under this Bumper Agri Jewel loan scheme, the bank is giving 85 per cent of the ornament value as loan. The loan is repayable in six months.

published on : 25th July 2020

Asset quality of banks in India, ASEAN economies to weaken due to COVID-19 crisis: Moody's

Moody's said the largest banks will continue to benefit from deposit inflows as they are seen as safe havens in times of stress.

published on : 13th July 2020

COVID-19 impact: RBI may opt for loan recast for select sectors

The central bank has taken note of all the suggestions, and a detailed examination of various recommendations are being undertaken, the sources said.

published on : 29th June 2020

Indian Bank Q4 loss widens, but full year performance strong

Chennai-based Indian Bank Tuesday reported a net loss of Rs  218 crore in the fourth quarter of the fiscal 2020 even as it reported robust performance for the full year.

published on : 24th June 2020

Indian Bank offers credit facility for MSMEs

The scheme was announced on May 26 under the Atma Nirbhar Bharat Abhiyan to help MSMEs meet their working capital needs.

published on : 2nd June 2020

Indian Bank donates Rs 1 crore to Tamil Nadu government for its fight against COVID-19

Besides the contribution of employees of Tamil Nadu Grama Bank amounting to Rs 25.38 lakh was also presented by her, a press release said.

published on : 5th May 2020

Indian Bank cuts fund-based lending rate by 30 basis points

The state-owned bank said that the bank has reduced its one-year MCLR by 30 basis points to 7.80 per cent from existing 8.10 per cent earlier.

published on : 29th April 2020

Banks mulling extending moratorium benefits to NBFCs amid coronavirus crisis

Sources said that the IBA is looking into demands of the NBFC sector adding that banks and the regulator RBI have been consulted to work out a prudent solution.

published on : 9th April 2020
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