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Latest Articles in indian bank

Indian Bank Picks Up 13.2% Stake In NARCL

The lender has subscribed to 1,98,00,000 equity shares of NARCL for cash consideration of Rs 19.80 crore, it said in a regulatory filing.

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Shanti Lal Jain Appointed MD And CEO Of Indian Bank

Jain's appointment is extendable based on his performance by upto two years, or till attaining the age of superannuation (i.e.January 31, 2024)

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Indian Bank Signs MoU With SINE, IIT-Bombay, To Fund MSMEs, Start-ups

The bank would extend loans of upto Rs 50 crore to the start-ups forpurchase of machinery, equipment or to meet working capital requirements, a bank release said.

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Indian Bank Signs MOU With Society For Innovation And Entrepreneurship, An Initiative Of IIT Bombay, For Funding Start-Ups And MSMEs

Indian Bank has also recently launched “MSME Prerana” programme to empower MSME entrepreneurs through skill development and capacity building workshops in local languages.

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SBI, Axis Bank, ICICI Bank, Others Buy Stakes In Fintech Firm IBBIC

DLT, more commonly known as blockchain technology, is a protocol to enable secure functioning of a decentralised digital database. It stores information securely using cryptography.

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Indian Bank Declares Lanco Infra, Basundhara Green Power As Fraud A/Cs With Rs 589 Cr Exposure

Indian Bank said it has held a provision of an equal amount, Rs 577.47 crore, against this account.

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Indian Bank Posts Multifold Jump In Q1 Net Profit To Rs 1,182 Cr

The bank had reported a net profit of Rs 369 crore in the corresponding quarter a year ago.

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RBI Imposes Penalty On 14 Banks For Contravention Of Various Norms

The Reserve Bank of India said scrutiny in the accounts of the 'companies of a Group' was carried out and it was observed that the banks had failed to comply with certain provisions.

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Indian Bank Executive Dir K Ramachandran Demits Office; Central Bank Gets New Shareholder Director

Shares of Indian Bank closed 2 per cent down at Rs 142 apiece on BSE. Central Bank of India scrip ended 0.89 per cent lower at Rs 27.85.

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Shri Nitin Gadkari Launches Indian Bank’s ‘MSME Prerana’ In Maharashtra

'MSME Prerana’ has broken the geographical and language barriers by extending web based training to Entrepreneurs in local dialects using simple terminologies without using jargons.

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LIC, SBI Life, Canara Bank Pick Up Stakes In Indian Bank Under QIP

Indian Bank's shares closed at Rs 148.35 apiece on the BSE, up 0.64 per cent from the previous close.

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Indian Bank Opens Rs 4,000-Cr QIP Issue; Sets Floor Price At Rs 142.15/Share

The committee of directors on capital raising in its meeting held on Monday approved and authorised the opening of the QIP on June 21

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Bank Of Maharashtra Tops PSU Bank Chart In MSME Loan Growth In FY21

The Pune-based lender recorded a 35 per cent growth in MSME loans at Rs 23,133 crore in 2020-21, according to the BoM data.

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Indian Bank Posts Net Profit Of Rs 1,709 Cr For March Quarter

The lender had posted a net loss of Rs 217.74 crore in the same quarter of the preceding financial year 2019-20.

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Banks Need To Adopt Digitisation Or Else They Will Perish: Ex-Finance Secy SC Garg

Indian Banks' Association CEO Sunil Mehta, in an earlier session, said the digital technologies adopted by the banking system enabled them to deliver financial transactions and payments during the pandemic time.

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