Page 10 - Indian Bank

Indian Bank Q1 net profit zooms 43% to Rs 307 crore

Net non-performing assets of the bank rose to 4.48 per cent at the end of June 2016

Former Indian Bank's CMD sentenced to undergo rigorous imprisonment

On completion of trial, M Gopalakrishnan and Sai Jagannathan were convicted and sentenced to three years of rigorous imprisonment

Indian Bank revises FCNR deposit interest rates

For deposits in US Dollars, the revised interest rates have been fixed at 1.70% for one year

CBI court convicts six people for causing loss to Indian Bank

They are accused of causing loss to the tune of Rs 5.5 cr to the lender

Indian Bank gets board approval to raise Rs 1,100 cr

Public sector bank Indian Bank has received approval from the Board of Directors to raise Tier II or additional Tier I Bonds for Rs 1,100 crore in one or more tranches in in the current and subsequent years. The Bank, in a regulatory filing said that the Board has earlier approved to raise Basel III complaint Tier II Bonds for Rs 1,100 crore, but considering the changed scenario, the Board accorded approval to the Bank to raise Basel III complaint Tier II of Additional Tier I Bonds for the same amount in one or more tranches in the current or subsequent years based on the requirement.Ends