Page 6 - Indian Bank

Indian Bank ties up with IIT-Madras to lend up to Rs 50 crore to start-ups

Funding to be done under 'IND Spring Board' initiative for both working capital and fixed asset purchases

Have a wider pan-India presence after merger, says Indian Bank MD & CEO

Loan restructuring requests coming in a trickle, says Padmaja Chunduru

Indian Bank launches e-facility for restructuring of personal loans

State-run Indian Bank said it has launched a facility on its website for its personal loan borrowers to submit the requests for restructuring of their loans under RBI's one-time loan recast norms.

Indian Bank inks MoU with housing ministry, SIDBI for street vendors

Public sector Indian Bank has signed a MoU with the Ministry of Housing and Urban Affairs and with SIDBI for payment of subsidy to street vendors under the Centre's SVANidhi Scheme.

Indian Bank to pay subsidy, cash back to street vendors under PM SVANidhi

Bank signs MoU with Ministry of Housing & Urban & Sidbi, completes digitisation for a few other schemes

Indian Bank launches business mentoring programme to support MSMEs

'MSME Prerana' will train entrepreneurs in business skills, communication, credit assessment.

Indian Bank unveils IB-eNote facility for paperless working environment

Public sector Indian Bank has unveiled its IB-eNote facility, aimed at providing a paperless working environment and to improve the turnaround time considerably

Canara Bank to raise up to Rs 2,000 cr equity capital through QIPs

As per the filing, the number of equity shares of the face value of Rs 10 each in one or more tranches with a premium will be decided as per applicable guidelines/ regulations

Lakshmi Vilas Bank plans to raise Rs 1,500 crore to fund biz growth

The bank has been exploring various options for raising funds for augmenting the tier-I capital to support business growth as directed by the RBI, it said in the notice

Moratorium case: SC directive to benefit small, mid-sized accounts

Bankers said special mention accounts (SMA)- overdue period between 31 to 60 days (SMA1) and overdue period between 61 to 90 days (SMA2) would have become NPAs in August and September 2020

Indian Bank cuts 1-year MCLR by 5 bps to 7.3%; effective from September 3

Most of the consumer loans such as personal, auto and home were priced on the basis of the one-year MCLR prior to the introduction of repo-linked lending rate

Indian Bank gains 3% on heavy volume; stock jumps 6% so far in August

According to reports, the lender has decided to rope in a minority partner for Ind Bank Housing to revive the now defunct housing finance subsidiary

Indian Bank reports PBT of Rs 614.22 cr in Q1, operating profit rises 23%

The first quarter numbers are not comparable year on year and quarter on quarter as they come after the merger (Indian Bank +Allahabad Bank)

Indian Bank Q1 profit up 1% at Rs 369 cr; income doubles to Rs 11,446.7 cr

The lender had posted a net loss of Rs 217.73 crore in preceding quarter ended March 2020

Govt stands behind financial sector for India's growth, says PM Modi

Banks, NBFCs give lowdown on credit flow to PM; present ideas on financial inclusion, housing finance

Indian Bank to focus on consolidation and profitability, says MD & CEO

The amalgamation of Allahabad Bank into Indian Bank has placed Indian Bank as the seventh-largest bank in India

City Union Bank board approves raising Rs 1,100 cr through equity, debt

The lender will seek shareholders' approval for the fundraise plan at its upcoming AGM next month

Indian Bank Q4 loss before tax narrows to Rs 188 cr from Rs 393 cr

Net loss of the bank stood at Rs 217.7 crore during the fourth quarter

Banking system is in a Catch-22 situation: Indian Bank's Padmaja Chunduru

Indian Bank has 450,000 MSME customers who are eligible for loans guaranteed by the government.

BoB NPAs surge six-fold, Indian Bank sees four-times rise in 6 years: RTI

The number of NPA accounts rose from 2,08,035 as of March 31, 2014, to 6,17,306 as of December 2019