Page 4 - Indian Bank

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

Indian Bank declares IL&FS and 7 other loan accounts as fraudulent

In a disclosure to the BSE, the bank said it had provided a sum of Rs 129.97 crore as on December 31, 2020 for the loans to seven domestic borrowers

Govt-owned Indian Bank declares 8 loan accounts as fraud, including IL&FS

Government-owned Indian Bank has declared bad loans amounting Rs 202.32 crore to seven domestic borrowers and $5.289 million lent to a foreign company as fraud

How Indian Bank-Allahabad Bank amalgamation proved an unlikely success

The merger was complicated by the fact that the government had not allowed post-merger lay-offs for any of the banks under this process

Banking services hit in Punjab, Haryana as unions protest privatisation

Employees under the aegis of the United Forum of Bank Unions went on a two-day countrywide strike

Indian-Allahabad Bank amalgamation: Changes & all the post-merger details

Despite the pandemic, the Allahabad Bank merger with Indian Bank concluded the final technical amalgamation (software integration) last month

Indian Bank to auction two properties owned by Saravana Stores Gold Palace

The bank has issued a notice of sale to recover Rs 288 crore from the jewellery represented by its partners, guarantors and title holders

Imran Amin Siddiqui appointed as ED of Indian Bank

He has been appointed for a period of three years

Bull run continues for 3rd day; Sensex ends 254 pts up; IT, metal stks jump

Among sectoral indices, the Nifty Metal index remained the star performer today, closing 1.8 per cent higher, followed closely by the Nifty IT index (up 1.6 per cent).

Indian Bank committee nods to raise up to Rs 4,000 crore through share sale

State-owned Indian Bank on Tuesday said its committee of directors has given approval for raising up to Rs 4,000 crore through share sale.

Amalgamation has led to all-round gains for merged entity: Indian Bank MD

In a Q&A, Padmaja Chundru says issues like equal stature of Allahabad Bank and Indian Bank and retirement of 10 GMs were addressed fairly with continuous communication with staff and customers

Indian Bank to divest stake in asset reconstruction JV ASREC India

State-owned Indian Bank on Friday said it will divest stake in joint venture entity ASREC (India) Ltd as part of asset monetisation exercise. The bank holds a 38.26 per cent stake in ASREC (India) Ltd. As part of the monetisation of the bank's non-core assets, the board of directors of the bank in its meeting held on March 5, 2021, accorded in-principle approval for partial/full divestment of the bank's stake in joint venture ASREC (India) Ltd, Indian Bank said in a regulatory filing. ASREC is an asset reconstruction company in which Bank of India, Union Bank of India, LIC and Deutsche Bank are the shareholders. The company was granted a certificate of registration by the Reserve Bank of India in October 2004 to carry out activities under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002. The company's authorised equity capital was Rs 125 crore and the aggregate paid-up equity and other equity was Rs 146.01 crore as

Indian Bank to monetise non-core assets, divest stake in ASREC (India)

ASERC acquires NPAs from banks and financial institutions at mutually agreed prices with the aim of maximising returns through innovative resolution strategies

PSU banks stage a comeback as tactical picks on sustained performance

The combination of low valuations and expected improvement in financials due to lowering credit cost is driving interest