Page 8 - Indian Bank
How the RBI can get its act together
In the concluding part of the series, the author draws attention to the central bank's problems that need urgent fixing
 "How the RBI can get its act together")
Indian Bank pre-tax profit up three-fold to Rs 593 cr; net NPA pared
Total income up 18%. post-tax profit up 2.5x to Rs 359 cr; one bad loan referred to RBI as fraud
 "Indian Bank pre-tax profit up three-fold to Rs 593 cr; net NPA pared")
An account closes: Allahabad Bank looks back with nostalgia before merger
The merger marks the end of a bank in which two states with contrasting identities - Uttar Pradesh and West Bengal - took equal pride
 "An account closes: Allahabad Bank looks back with nostalgia before merger")
Indian Bank gets board nod to raise Rs 5,000 cr, merge with Allahabad Bank
Indian Bank to be anchor in the merger, which will create country's seventh largest lender
Top events: Mamata to meet PM Modi, IND vs SA, Galaxy M30 launch, and more
From Mamata Banerjee's meeting with PM Modi to Samsung Galaxy M30 launch in India, here are some of the most important news events scheduled for today
 "Top events: Mamata to meet PM Modi, IND vs SA, Galaxy M30 launch, and more")
Indian Bank expects to merge with Allahabad Bank by end of FY20: Official
The merger of Indian Bank and Allahabad Bank will create a robust entity with a pan-India presence, she said
 "Indian Bank expects to merge with Allahabad Bank by end of FY20: Official")
Indian Bank adopts repo rate as external benchmark for asset products
Under the new regime, home loans can be had at 8.2% a year, while four-wheeler loans will carry 8.85%, which the lender says is the lowest in the market
 "Indian Bank adopts repo rate as external benchmark for asset products")
Indian Bank net profit rises 75% on lower provisioning and higher income
The bank had recorded net profits at Rs 209.31 crore during the corresponding quarter the previous year
Indian Bank reports net loss of Rs 190 cr in Q4 due to IL&FS provisioning
Indian Bank plans to recover Rs 3,000 crore in FY20, to rope in strategic partner for NBFC arm
 "Indian Bank reports net loss of Rs 190 cr in Q4 due to IL&FS provisioning")
Indian Bank's Dec quarter net profit slumps 50% mainly on IL&FS exposure
NCLT proceedings and court cases have not been moving at the pace that the bank expected
Indian Bank Q3 net profit halves to Rs 152 cr on rising bad loan provisions
Total income was up at Rs 5,269.10 crore from Rs 4,903.07 crore in the year-ago period
RBI slaps Rs 10 mn fine on Indian Bank for violating cyber security norms
The contravention is with regard to RBI's directions on Frauds- Classification and Reporting by Commercial Banks
Indian Bank records 66.7% decline in Q2 net at Rs 1.50 bn, income up 5.23%
The total income of the bank increased by 5.23 per cent to Rs 51.29 billion during the quarter
 "Indian Bank records 66.7% decline in Q2 net at Rs 1.50 bn, income up 5.23%")
Indian Bank's exposure to crisis-hit IL&FS group stands at Rs 18 billion
Indian Bank's total exposure to the NBFC sector is around Rs 204.77 billion
Indian Bank raises Rs 1.1 bn through Basel-III-compliant Tier-2 bonds
The board had earlier approved the raising of Basel-III-compliant AT1 or Tier-2 bonds up to Rs 10 billion
We aren't shutting out NBFCs, will lend to strong ones: Indian Bank chief
Padmaja Chunduru has assumed charge as managing director and CEO of Indian Bank on September 21, 2018. Prior to this, she was Deputy Managing Director (Global Markets), State Bank of India, Corporate Cente, Mumbai. Indian Bank is among the few public sector banks in the country which are posting net profit on a quarterly basis. In her first interview to T E Narasimhan, Chundru elaborates her observations on the current trends in the sector and future plans for the Bank. Edited Excerpts:You are taking over at a time when the banking sector is facing a lot of challenges. What are your strategies to take Indian Bank forward?The series of initiatives by Government of India and RBI for resolution of stressed assets especially the Insolvency & Bankruptcy Code (IBC) have started paying off. The year 2017-18 saw a few of high value NPA accounts getting resolution and during the current Financial Year, it is expected that Banks will make substantial recovery from the NPA accounts referred .
Indian Bank raises Rs 2.90 bn via Tier-2 bonds on private placement basis
The bank plans to raise bonds up to Rs 10 bn in one or more tranches during the current or subsequent years
Indian Bank Q1 net profit falls 44% to Rs 2 bn despite rise in income
Net NPAs fell to 3.79 per cent (Rs 59.98 billion) from 4.05 per cent (Rs 52.38 billion)
Indian Bank withdraws plans to pay dividend after RBI censures proposal
The bank had recommended payment of Rs 6 per share last month for the year ended March 31
 "Indian Bank withdraws plans to pay dividend after RBI censures proposal")
Indian Bank to withdraw dividend payment resolution after RBI's reply
Indian Bank's Board on May 10 has recommended for payment of dividend at Rs 6 per share of the equity capital for 2017-18
