Page 6 - Indian Bank

IndBank Q2 net up 164% to Rs 1,089 cr on surge in other income, recoveries

Gross NPAs come down to 9.56% form 9.89% a year ago; advances up 5%

Indian Bank reports second quarter net profit at Rs 1,089.17 crore

Gross NPA (non-performing asset) was at 9.56 per cent of gross advances as on September 2021 brought down by 33 basis points year on year

IDBI Bank reports 75% jump in net profit to Rs 567 crore in second qtr

The LIC-controlled bank had earned a net profit of Rs 324 crore in the same period (July-September) of the last fiscal.

Remain long on Nifty; bet on Indian Bank, Tata Coffee, says Vinay Rajani

The stock of Indian Bank has broken out from ascending triangle on the weekly charts

Sensex snaps 4-day losing streak, ends 534 pts up; Nifty tad below 17,700

Stock market LIVE: Sectorally, all the indices were in the green, led by the Nifty Realty index (up 3.5 per cent)

Indian Bank picks up 13.2% stake in National Asset Reconstruction Company

The investment of equity stake of 13.27 per cent would be reduced to 9.90 per cent by December 31, 2021, Indian Bank added

Govt extends tenure of Indian Bank ED V V Shenoy till March 2022

Indian Bank on Tuesday said the government has extended the tenure of its Executive Director V V Shenoy till March 2022

Bank of Baroda ED SL Jain appointed as Indian Bank MD & CEO

Bank of Baroda on Monday said Shanti Lal Jain would cease to be its executive director from September due to his appointment as the MD & CEO of Indian Bank. Jain's cessation as the executive director of Bank of Baroda will be effective from September 1, 2021, the bank said in a regulatory filing. Giving reason for his cessation, the public sector lender said Jain has been appointed as the Managing Director and Chief Executive Officer of Indian Bank, to be effective on or after September 1, 2021.

Harvard Business Publishing features merger of Indian Bank, Allahabad Bank

State-owned Indian Bank has been featured in the Harvard Business Publishing for its successful merger of Allahabad Bank.

Govt appoints Shanti Lal Jain as MD and CEO of Indian Bank for 3 years

Jain is presently the Executive Director of Bank of Baroda

S&P upgrades outlook on Indian Bank to stable on funding, liquidity profile

The rating agency affirmed Indian Bank's "BBB-" ratingm but ruled out any upward revision in the next one to two years

Indian Bank signs MoU with SINE, IIT-Bombay, to fund MSMEs, start-ups

Public sector Indian Bank on Tuesdaysigned an MoU with Society for Innovation and Entrepreneurship (SINE), IIT Bombay for extending exclusive credit facility to start-ups and MSMEs

Govt banks continue to have truncated boards, 10 don't even have a chairman

Meeting quorum of board sub-committees becomes difficult sometimes, say bankers

Libor shift: The bank plan to move to alternative reference rates explained

Indian Bank Q1 net more than triples to Rs 1,182 cr, NIM up marginally

Bad loan recoveries helps to improve bottom-line

Indian Bank dips 8% post listing of fresh shares issued to QIBs

On Friday, June 25, Indian Bank had informed the stock exchanges that it raised Rs 1,650 crore through QIP

Indian Bank opens Rs 4000-cr QIP issue; sets floor price at Rs 142.15/share

State-owned Indian Bank on Monday launched its qualified institutional placement (QIP) of shares to raise around Rs 4,000 crore, setting the floor price at Rs 142.15 per share.

Indian Bank posts Q4 profit of Rs 1,709 cr versus Rs 1,641 cr year-ago loss

May visit market to raise equity capital

Indian Bank to raise Rs 1,500-crore capital through tier I & II bonds

As of December 31, 2020, total capital adequacy ratio (CAR) stood at 14.06 per cent and tier 1 CAR was at 11.18 per cent

Laid strong base for growth, aiming at 13.5% CAGR by 2025: Indian Bank MD

Bank announces new vision and mission on first anniversary of Allahabad Bank amalgamation, launches Chatbot and IB Smart Office as well