Page 9 - Indian Bank
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
 "S&P upgrades outlook on Indian Bank to stable on funding, liquidity profile")
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 dips 8% post listing of fresh shares issued to QIBs")
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 posts Q4 profit of Rs 1,709 cr versus Rs 1,641 cr year-ago loss")
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
Indian Bank to auction two properties owned by Saravana Stores Gold Palace
The bank has issued a notice of sale to recover Rs 288 crore from the jewellery represented by its partners, guarantors and title holders
 "Indian Bank to auction two properties owned by Saravana Stores Gold Palace")
Imran Amin Siddiqui appointed as ED of Indian Bank
He has been appointed for a period of three years
Bull run continues for 3rd day; Sensex ends 254 pts up; IT, metal stks jump
Among sectoral indices, the Nifty Metal index remained the star performer today, closing 1.8 per cent higher, followed closely by the Nifty IT index (up 1.6 per cent).
 "Bull run continues for 3rd day; Sensex ends 254 pts up; IT, metal stks jump")
Indian Bank committee nods to raise up to Rs 4,000 crore through share sale
State-owned Indian Bank on Tuesday said its committee of directors has given approval for raising up to Rs 4,000 crore through share sale.
 "Indian Bank committee nods to raise up to Rs 4,000 crore through share sale")
Amalgamation has led to all-round gains for merged entity: Indian Bank MD
In a Q&A, Padmaja Chundru says issues like equal stature of Allahabad Bank and Indian Bank and retirement of 10 GMs were addressed fairly with continuous communication with staff and customers
 "Amalgamation has led to all-round gains for merged entity: Indian Bank MD")