Page 10 - Indian Bank

Indian Bank launches mobile ATM to help public deal with Covid-19 crisis

Customers of other banks can also use the facility

Coronavirus outbreak disrupts PSB merger as banks put programmes on hold

According to the banks, they have either put the sessions on hold or are opting for e-learning instead of classroom sessions.

Indian Bank urges customers to go digital to keep Coronavirus at bay

Advises them to avoid ATMs and cash deals, says mobile and internet banking are both safe and convenient

Share exchange ratio for merger remains unchanged, says Indian Bank

The Board of Directors on March 5 approved fair equity share exchange ratio at 115 equity shares of Rs 10 each of Indian Bank for every 1000 shares of Rs 10 each of Allahabad Bank

FM Nirmala Sitharaman to review bank merger preparedness on Thursday

Banks likely to set up common call centres and monitoring cells

PSB merger: Indian Bank announces equity exchange ratio with Allahabad Bank

The government had in August last year announced plans to merge 10 public sector banks (PSBs) into four

Post merger, Allahabad and Indian Bank to have 10,000 branches in 2 years

At the end of December 2019, the total business of Allahabad Bank was close to Rs 3.94 trillion, while that of Indian Bank was close to Rs 4.5 trillion

Letter to BS: Indian Bank's plea on Rs 2000 notes is out of sync

Commercial banks have to mandatorily go by the Reserve Bank of India (RBI) guidelines related to the operations of the ATMs, issued from time to time

Larger balance sheet helps you give bigger loans: Indian Bank's Chunduru

'Indian Bank is strong in terms of business correspondents', said Chunduru

Indian Bank posts 74% growth in PBT at Rs 390.35 crore for Q3FY20

The performance was in line with expectations, Padmaja Chunduru, MD & CEO, Indian Bank said

RBI slaps Rs 1.75-crore penalty on Indian Bank for non-compliance

The non-compliance included the opening of savings bank accounts of a co-operative society and non-adherence with directions on KYC

RBI slaps Rs 2.50-crore fine on Bank of Baroda over non-compliance

It is alleged that there was illegal transfer and misuse of funds from government accounts

Indian Bank reports Rs 1,004-crore divergence in provisioning for bad loans

The bank had reported a provisioning of Rs 6,131.86 crore for non-performing assets, while the RBI had assessed provisions of Rs 7,135.85

How the RBI can get its act together

In the concluding part of the series, the author draws attention to the central bank's problems that need urgent fixing

Indian Bank pre-tax profit up three-fold to Rs 593 cr; net NPA pared

Total income up 18%. post-tax profit up 2.5x to Rs 359 cr; one bad loan referred to RBI as fraud

An account closes: Allahabad Bank looks back with nostalgia before merger

The merger marks the end of a bank in which two states with contrasting identities - Uttar Pradesh and West Bengal - took equal pride

Indian Bank gets board nod to raise Rs 5,000 cr, merge with Allahabad Bank

Indian Bank to be anchor in the merger, which will create country's seventh largest lender

Top events: Mamata to meet PM Modi, IND vs SA, Galaxy M30 launch, and more

From Mamata Banerjee's meeting with PM Modi to Samsung Galaxy M30 launch in India, here are some of the most important news events scheduled for today

Indian Bank expects to merge with Allahabad Bank by end of FY20: Official

The merger of Indian Bank and Allahabad Bank will create a robust entity with a pan-India presence, she said

Indian Bank adopts repo rate as external benchmark for asset products

Under the new regime, home loans can be had at 8.2% a year, while four-wheeler loans will carry 8.85%, which the lender says is the lowest in the market