Page 13 - Indian Bank

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 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'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'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 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

Indian Bank Q4 profit drops 59% to Rs 1.3 bn on higher NPA provisioning

Indian Bank is planning to raise around Rs 30 billion capital to support it's growth during 2018-19.The capital would help the Bank to reach total book size of Rs 4.25 lakh crore from Rs 3.71 lakh crore currently.The Bank will look at QIP and rights issues during the current fiscal to support the target, Kishor Kharat, managing director and CEO, Indian Bank told Business Standard in an interview.He added, the Government may not pump in capital into the Bank as it has to bring down it's stake to 70 per cent from 82.87 per cent.Meanwhile the Bank's fourth quarter profit has dropped by 32 per cent to Rs 1.31 billion from Rs 3.19 billion during the same quarter of previous financial year. He said, the drop in profit was due to increase in provision coverage ratio to 65 per cent from 59 per cent.Besides, due to pressure in the bond market, sale of investment which dropped to Rs 6.62 billion from Rs 8.72 billion. He added, the recent circular of RBI relates to revised resolution ...

Indian Bank Q4 net profit slumps 59% to Rs 1.32 bn on higher NPAs

In absolute terms, gross NPAs were at Rs 119.90 bn, up from Rs 98.65 bn in the year-ago period

Indian Bank ramping up overseas ops in Sri Lanka, Singapore: CEO Kharat

Indian Bank had taken steps to increase business levels as there was 'slight stagnancy earlier'

Indian Bank revises rates on Foreign Currency Non-Resident deposits

For deposits of two years and above but less than three years, the interest rates were revised to 3.31% from 3.08%

Indian Bank extends rally post robust September-quarter results

The stock hit a record high of Rs 401, up 8%, extending its 17% gain in past six trading sessions

Indian Bank raises Rs 2,000 cr for infrastructure, affordable home loans

Providing affordable housing is one of the ambitious projects of the government