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The Indian Bank signs a memorandum of understanding to extend loans upto 50 crores for start-ups of SRM Hatchlab

Indian Bank Starts Pre-Approved Loan; No Extra Charge

Indian Bank has launched the facility of Pre-approved Personal Loan (PAPL) under its 'World of Advanced Virtual Experience' (Wave)

Indian Bank Launches Video KYC Facility Enabled By VCIP Technology

Companies & Markets

The Video KYC facility, developed in conjunction with Gieom Business Solutions, further simplifies the subsequent steps and would deliver the cheque book and ATM card to the registered address of a customer.

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.

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)

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.

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

More Press Release

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

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

Companies & Markets

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.

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.

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.

RBI Imposes Penalty On 14 Banks For Contravention Of Various Norms

Economy India

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.

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.

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