Page 10 - Indian Bank
Indian Bank picks up 13.2% stake in National Asset Reconstruction Company
The investment of equity stake of 13.27 per cent would be reduced to 9.90 per cent by December 31, 2021, Indian Bank added
 "Indian Bank picks up 13.2% stake in National Asset Reconstruction Company")
Govt extends tenure of Indian Bank ED V V Shenoy till March 2022
Indian Bank on Tuesday said the government has extended the tenure of its Executive Director V V Shenoy till March 2022
 "Govt extends tenure of Indian Bank ED V V Shenoy till March 2022")
Bank of Baroda ED SL Jain appointed as Indian Bank MD & CEO
Bank of Baroda on Monday said Shanti Lal Jain would cease to be its executive director from September due to his appointment as the MD & CEO of Indian Bank. Jain's cessation as the executive director of Bank of Baroda will be effective from September 1, 2021, the bank said in a regulatory filing. Giving reason for his cessation, the public sector lender said Jain has been appointed as the Managing Director and Chief Executive Officer of Indian Bank, to be effective on or after September 1, 2021.
 "Bank of Baroda ED SL Jain appointed as Indian Bank MD & CEO")
Harvard Business Publishing features merger of Indian Bank, Allahabad Bank
State-owned Indian Bank has been featured in the Harvard Business Publishing for its successful merger of Allahabad Bank.
 "Harvard Business Publishing features merger of Indian Bank, Allahabad Bank")
Govt appoints Shanti Lal Jain as MD and CEO of Indian Bank for 3 years
Jain is presently the Executive Director of Bank of Baroda
S&P upgrades outlook on Indian Bank to stable on funding, liquidity profile
The rating agency affirmed Indian Bank's "BBB-" ratingm but ruled out any upward revision in the next one to two years
Indian Bank signs MoU with SINE, IIT-Bombay, to fund MSMEs, start-ups
Public sector Indian Bank on Tuesdaysigned an MoU with Society for Innovation and Entrepreneurship (SINE), IIT Bombay for extending exclusive credit facility to start-ups and MSMEs
Govt banks continue to have truncated boards, 10 don't even have a chairman
Meeting quorum of board sub-committees becomes difficult sometimes, say bankers
 "Govt banks continue to have truncated boards, 10 don't even have a chairman")
Libor shift: The bank plan to move to alternative reference rates explained
On July 8, the Reserve Bank of India asked lenders to switch from Libor to other Alternative Reference Rates by December 31, 2021. Business Standard spoke to Siddharth Purohit, Equity Analyst, SMC Global to comprehend the impact of this move on the way banks deal in international contracts among others.
 "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
 "Laid strong base for growth, aiming at 13.5% CAGR by 2025: Indian Bank MD")
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
 "Banking services hit in Punjab, Haryana as unions protest privatisation")
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