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Indian Bank News
Indian Bank cuts lending rate by 30 basis points
Wed, Apr 29, 2020
State-owned Indian Bank on Wednesday announced a cut in its marginal cost of fund-based lending rate (MCLR) by 30 basis points across various tenors in line with market competition. The new interest rates will be effective from May 3, Indian Bank said in a regulatory filing
Safety of our employees is the biggest challenge for the bank: Padmaja Chunduru
Tue, Apr 07, 2020
Padmaja Chunduru, MD &CEO, Indian Bank, talks about its amalgamation with the Allahabad Bank and problems that the bank faced in the process among others during an interview with Swati Khandelwal, Zee Business.
Coronavirus: 5 special emergency loans announced by this bank - Check who all can avail them
Thu, Mar 26, 2020
In a major development, Public sector Indian Bank on Thursday announced five special emergency loans for its customers, including corporate clients, Self-Help Groups, retail borrowers and pensioners. The five special emergency loans are:-
Bank merger: 115: 1,000 swap ratio for amalgamation of Indian Bank-Allahabad Bank
Fri, Mar 06, 2020
In regulatory announcement, Indian Bank said its Board of Directors at a meeting approved the fair equity share exchange ratio of 115 equity shares of Indian Bank for every 1,000 shares of Allahabad Bank which is subject to the statutory and regulatory approvals.
Banks can never be free of NPAs; it is a part of the business: Padmaja Chunduru, Indian Bank
Thu, Dec 12, 2019
"Indian Bank's corporate lending has grown by 12% and we expect that it will improve in the fourth quarter", says Padmaja Chunduru, Managing Director and CEO, Indian Bank.
Initial Public Offering of SBI card may out till next quarter of the year
Sat, Oct 26, 2019
Initial Public Offering of SBI card may out till the next quarter of the year. Watch this video to know more.
Indian Bank Board to meet on Sept 18 to consider amalgamation of Allahabad Bank
Fri, Sep 13, 2019
According to a regulatory filing by the Allahabad Bank, its Board of Directors would be meeting on September 16 to consider amalgamation with the Indian Bank.
Big Bang Change! Modi govt announces bank-merger scheme; PNB, Oriental Bank and United Bank to be first to merge
Fri, Aug 30, 2019
Sitharaman said that this consolidation of banks will have 82% business, rest will vest with others.
IndianBank MD&CEO says, trusts and societies should be brought under IBC
Sun, Jun 30, 2019
In order to take up resolution of defaulting educational institutions, PSU bank Indian Bank on Saturday has requested the Insolvency and Bankruptcy Board of India to bring trusts and societies under the IBC.
Indian Bank to focus on increasing CASA, curtailing costs in FY19-20
Thu, Jun 13, 2019
Public sector Indian Bank would focus on increasing CASA, curtailing costs and containing level of non-performing assets, a top official has said.
Indian Bank posts net loss of Rs 190 cr in Q4 on higher NPA provisioning
Tue, May 14, 2019
Indian Bank on Tuesday reported a net loss of Rs 189.77 crore in the fourth quarter of the financial year ended March 2019, as high level of bad loans required substantial amount to be kept as provisioning parking.
Bank of Maharashtra appoints A S Rajeev as MD, CEO
Sun, Dec 02, 2018
Rajeev is having about three decades of professional experience in three Banks - Syndicate Bank, Vijaya Bank and Indian Bank.
Indian Bank says most of its Rs 1,800-crore loan to IL&FS is 'good'
Sat, Nov 10, 2018
"The bank`s exposure to IL&FS is Rs 1,809 crore. Out of the 10 loan accounts, six are for special purpose vehicles (SPV of IL&FS) whose revenues are ring-fenced with an escrow account," Padmaja Chunduru, Managing Director and CEO, told reporters here.
Indian Bank PO Result 2018 prelims declared; Check your number at indianbank.in; Mains exams in Nov
Thu, Oct 18, 2018
Indian Bank PO Result 2018 prelims: The results have been declared for recruitment of probationary officers -admission to Post Graduate Diploma in Banking & Finance course offered at Manipal Global Education Services. Candidates can access their PO Prelims Results 2018 at Indian Bank's official website: indianbank.in.
PNB+Indian Bank+IOB and Canara+Syndicate+UCO mergers next? What BoB, Vijaya, Dena bank merger says
Tue, Sep 18, 2018
Centre will merge these banks next? As per this BoB, Vijaya, Dena Bank merger ''formula'', the answer is in the affirmative. The likely targets? PNB, Indian Bank, IOB; Canara, Syndicate, UCO
Top 5 government jobs this week: Last dates end soon! Check how to apply, eligibility, other details
Sun, Aug 12, 2018
Top 5 government jobs this week: Various government departments and PSUs have issued notification for the recruitment in various posts. The latest among them are Indian Bank, MECON Ltd, Cochin Shipyard, ISRO, and India Post Payments Bank.
Indian Bank revises interest rates on FCNR(B) deposits
Fri, Aug 03, 2018
Public sector Indian Bank has revised interest rates on foreign currency non-resident (banking) deposits with immediate effect.
Bank Recruitment 2018: 417 probationary officers posts open in Indian Bank; check last date on indianbank.in
Wed, Aug 01, 2018
Bank Recruitment 2018: Indian Bank has issued notification to fill 417 vacancies for the post of Probationary Officers for admission to 1-year Post Graduate Diploma in Banking and Finance (PGDBF) course.
Recruitment 2018: 15 Vacancies for Back Office Staff and Dealer Post
Wed, Jul 11, 2018
Recruitment 2018: Indian Bank subsidiary Indbank Merchant Banking Services Limited (Indbank) has issued a notification for the recruitment of Secretarial Officer, Trainee (Back Office Staff ) and Dealer Post
Indian Bank decides to annul dividend proposed for FY18
Thu, Jun 28, 2018
Public sector Indian Bank on Thursday said the Board of Directors have decided to annul their earlier decision to declare dividend at Rs 6 per equity share as it has not provided fully for the mark-to-market (MTM) loss.