Indian-Allahabad Bank merger: Find out your new IFSC code, mobile banking app and more
The Indian Bank, which has merged with the Allahabad Bank, carried out a software migration over the weekend. In addition, changes made in IFSC code, mobile banking app, cheque book and passbook of Allahabad Bank account holders have come into effect from Monday (February 15).
Feb 15, 2021, 21:30 PM IST
RBI puts cap on money withdrawal from Lakshmi Vilas Bank up to 25,000 in a month
Private sector lender Lakshmi Vilas Bank was brought under moratorium on Tuesday (November 17) with immediate effect till December 16, 2020, thereby retaining all action and proceedings against that banking company during this period.
Nov 18, 2020, 16:04 PM IST
Indian Overseas Bank, Indian Bank, UCO Bank, Canara Bank, Punjab & Sind Bank, Syndicate Bank, IDBI Bank grant 3-month moratorium to customers on EMI/interest payment on loans to deal with coronavirus crisis
Leading banks like Indian Overseas Bank, Indian Bank, UCO Bank, Canara Bank, Punjab & Sind Bank, Syndicate Bank and the IDBI Bank took to Twitter to inform their customers that have provided a three-month moratorium on payment of EMIs, interest on loans. terms loans etc.
Mar 31, 2020, 15:24 PM IST
CBI arrests ex-bank branch manager in Bihar's Srijan scam case
The Central Bureau of Investigation (CBI) has arrested the chief manager of Indian Bank's Zonal Office located in Karaikudi area of Shivanga District in Tamil Nadu in an ongoing investigation in the multi-scam Srijan case.
Aug 02, 2019, 10:13 AM IST
ZeeNews wrap of top stories this hour, 29th June 2019
ZeeNews wrap of top stories this hour, 29th June 2019
Jun 29, 2019, 16:02 PM IST
Indian Bank to decide on raising Rs 7,000 crore in Q2: MD
In December 2017, the bank's Board accorded approval to raise equity capital upto Rs 7,000 crore in one or more tranches in the current or subsequent financial years based on requirement through FPO, private placement, QIP/rights issue/preferential issue/institutional placement programme.
May 15, 2019, 14:19 PM IST
RBI slaps Rs 1 crore fine on Indian Bank for violating cyber security norms
The contravention is with regard to RBI's directions on Frauds- Classification and Reporting by Commercial Banks.
Dec 11, 2018, 13:31 PM IST
Banks hike lending rates after RBI rate hike
Joining big banks, Indian Bank and Karur Vsya Bank informed the stock exchanges about hiking the MCLR by up to 10 basis points for different tenures.
Jun 07, 2018, 17:51 PM IST
Indian Bank Q2 net up 11.5% at Rs 452 crore as bad assets shrink
Net NPAs of bad loans too fell to 3.41 per cent of the net advances at the end of second quarter this fiscal, from 4.62 per cent in the year-ago corresponding period.
Nov 06, 2017, 14:52 PM IST
Public sector Indian Bank revises interest rates
Interest rates for deposits of three years and above but less than four years, have been revised to 2.67 per cent from existing 2.75 per cent.
Sep 01, 2017, 16:59 PM IST
12 PSU banks firming plans to raise funds from markets
Board of PNB has given its approval for raising equity capital to the tune of Rs 3,000 crore through FPO, QIP or rights issue.
Aug 06, 2017, 16:53 PM IST
Indian Bank Q1 profit rises 21% to Rs 372 crore
Gross non-performing assets (NPAs) of the bank rose to 7.21 percent, from 6.97 percent a year ago. Net NPAs however came down to 4.05 percent of net advances from, 4.48 percent.
Jul 21, 2017, 13:03 PM IST
Indian Bank revises interest rates in FCNR deposits
Public sector Indian Bank has revised its interest rates in foreign currency non-resident (banking) term deposits with immediate effect.
Mar 02, 2017, 16:08 PM IST
Indian Bank to raise Rs 1,000 cr via bonds
State-owned Indian Bank on Tuesday said it will raise up to Rs 1,000 crore by issuing Basel-III compliant bonds.
Aug 02, 2016, 20:52 PM IST
Risk-pricing must improve for better asset quality, says Kotak
Stating that there is an urgent need to arrest rising bad loans, Uday Kotak, head of Kotak Mahindra Bank, today said the problem arose as bankers excessively focussed on collaterals and not the cash flow prospects of the funded projects.
Apr 14, 2016, 19:43 PM IST
SBI, Indian Bank employees to participate in February 29 strike
With public sector bank officers threatening to go on strike on Monday, the country's largest lender SBI Friday said a section of its employees may take part in the said agitation on February 29 -- a day when Finance Minister Arun Jaitley will present the General Budget.
Feb 26, 2016, 23:22 PM IST
Indian Bank launches IndPay mobile app service
With an eye on people on the move, public lender Indian Bank has launched IndPay, a mobile application service that enables its customers to operate bank accounts from anywhere, anytime.
Aug 29, 2015, 16:14 PM IST
Indian Bank revises FCNR(B) interest rates
Indian Bank has revised its Foreign Currency Non-Resident (banking) term deposit interest rates with immediate effect.
Aug 03, 2015, 17:20 PM IST
Indian Bank pays Rs 165.62 cr as dividend to govt
Indian Bank Managing Director and CEO (Additional Charge), Mahesh Kumar Jain presented the cheque to Finance Minister Arun Jaitley in New Delhi, the Chennai-based bank said in a statement.
Jul 28, 2015, 14:22 PM IST
Indian Bank Q1 net up 4% at Rs 215 crore
"Provision of Rs 83.13 crore has been made during the quarter towards balance in arrears for wage revision, which is effective from November 1, 2012.
Jul 23, 2015, 15:12 PM IST