Page 2 of Indian Bank

We are growing in a planned way: Indian Bank MD and Chief Executive SL Jain

The bank’s loan book as of now has RAM (retail, agri and MSME) contributing 61% of the total while corporate…

July 31, 2023 04:30 IST

Indian Bank’s Q1FY24 net profit rises 41%, gross NPAs reduce while margins jump

Indian Bank’s Gross NPA decreased by 266 bps YoY to 5.47% in Q1 from 8.13% in the same quarter last…

July 27, 2023 23:39 IST

Indian Bank, Indian Bank digital services, Indian Bank Project WAVE

Indian Bank rolls out digital services under ‘Project WAVE’ initiative

Accordingly, the city-headquartered bank in collaboration with National E-Governance Services Ltd, has introduced an electronic bank guarantee (e-BG) service to…

July 2, 2023 14:39 IST

Manipal Technologies partners with Indian Bank to offer customised banking products

As part of this association, Manipal Technologies Limited (MTL) will work closely with Indian Bank to offer tailor-made banking products…

June 22, 2023 18:40 IST

Indian Bank, Indian Bank q4, Indian Bank q4 profit,

Indian Bank Q4 net profit rises 47 pc to Rs 1,447 cr

During the quarter, the bank’s total income increased to Rs 14,238 crore against Rs 11,405 crore a year ago, Indian…

May 8, 2023 15:18 IST

Honda partners with Indian Bank to offer car finance solutions

Honda Cars India has announced a tie-up with Indian Bank to provide car financing solutions to its customers. One can…

December 23, 2022 11:08 IST

Striking a balance | Banker Of The Year 2019-20 – PADMAJA CHUNDURU, former MD & CEO, Indian Bank

It was a simple plan: bring asset quality under control to preserve capital and grow the business to drive earnings…

Updated: September 2, 2022 18:46 IST

In September 2021, the Reserve Bank of India (RBI) had allowed banks to sell fraud accounts to ARCs.

Five fraud accounts included: Indian Bank puts Rs 1,013-crore NPAs on sale

All the accounts are being offered on a full-cash basis.

August 5, 2022 02:20 IST

We are targeting to recover Rs 8, 000 crore this fiscal: Indian Bank MD and CEO Shanti Lal Jain

Indian Bank is taking multi-layered approach to achieve consistent business growth, starting with building capabilities and streamlining operations.

August 2, 2022 00:30 IST

Indian Bank profit rises 3% to Rs 1,213 crore

The bank’s total business recorded a growth of 9% reaching the level of Rs10, 09, 454 crore as against Rs9,29,708…

July 31, 2022 01:00 IST

Indian Bank Q1 net up marginally at Rs 1,213 cr on tepid income growth

Total income of the bank during the April-June period of 2022-23 rose marginally to Rs 11,758.29 crore from Rs 11,444.27…

July 30, 2022 18:54 IST

“Punjab National Bank is working on multiple business use cases which can leverage on the account aggregator ecosystem and offer interesting products to its customers. This will further enhance the outreach of the bank to provide customized digital products to its customers,” Atul Kumar Goel, managing director and chief executive officer of PNB said.

PNB, 3 other PSU banks activate account aggregator system

Other than PNB, Union Bank of India, Canara Bank and Indian Bank are the three other PSU lenders who have…

July 15, 2022 00:00 IST

Indian Bank signs MoU with Government of Haryana

As per the agreement, the city-headquartered bank would provide e-upi coupons to beneficiaries.

July 2, 2022 16:01 IST

Total income of the bank stood at Rs 11,405 crore, compared with Rs 10,485 crore, an increase of 8.8%.

Indian Bank posts Rs 984-crore net profit in Q4

Shanti Lal Jain, MD & CEO, told reporters that the asset quality improved in the fourth quarter. During FY22, the…

May 12, 2022 03:15 IST

Indian Bank PAT declines 42% to Rs 984 crore

In the year-ago quarter, the bank’s standalone net profit stood at Rs 1,709 crore which included Rs 913 crore of…

May 11, 2022 21:40 IST

Maruti Suzuki and Indian Bank tie-up to offer attractive car loan schemes

Indian Bank and Maruti Suzuki have entered a partnership today to offer consumers lucrative deals on car financing. Benefits include…

April 27, 2022 15:23 IST

In FY23, we will seek to grow the RAM (Retail, Agriculture and MSME) segments by leveraging our branches, tying up with NBFCs for co-lending and widening our reach through end-to-end digitisation of MSME and retail products.

The merger has whetted our risk appetite: Shanti Lal Jain, MD & CEO, Indian Bank

The merger with Allahabad Bank has increased the size of our balance sheet and granted us a sound capital base,…

April 2, 2022 05:15 IST

Indian Bank net up 34% on increased income, higher cash recovery

AUC recovery was higher at Rs 278 crore as compared to Rs 129 crore.

February 8, 2022 03:30 IST

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Markets continue winning streak for fifth session: Nifty near 24,900 – 5 key highlights

Market33 min ago

Indian equity benchmarks continued their upward trend, with Nifty 50 and Sensex both rising 0.39%. Nifty Bank was steady, while small and midcap stocks performed in line with the benchmarks. Infosys saw the highest gains in Nifty 50, while Trent’s shares faced losses. Despite concerns over global trade talks, the market is expected to remain positive with the possibility of a FED rate cut.

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