Allahabad Bank gets fresh capital of Rs 2,153 crores

The Department of Financial Services in a letter conveyed the sanction for release of the fresh capital infusion fund of Rs 2,153 crore, Allahabad Bank said in a regulatory filing. Continue Reading

Indian Bank conducts ‘MSME Fortnight’

Indian Bank had conducted “MSME Fortnight” from 15 to 30 November to support all MSMEs in general with focus on Micro and small Enterprises with the coordination of MSME Development Institute at Guindy on 29 November. Continue Reading

Indian Bank’s income spikes by 18% in Q2

Indian Bank increased its operating profit by 26 per cent touching Rs 1502 crore from Rs 1191 crore for the corresponding period last year, and its net profit increased by 139 per cent to Rs 359 crore during the second quarter of the current financial year ended 30 September. Continue Reading

Indian Bank says no to plastic

Indian Bank has organized an awareness campaign on ‘No to Single Use Plastic and Plastic Waste Management’ at Chennai. The campaign was launched at the corporate office by MD and CEO Padmaja Chunduru on 1 October as a part of ongoing Swachhata Hi Sewa Campaign. Continue Reading

Bank employees protest against government’s merger move

Members of the All India Bank Employees’ Association on Saturday staged a protest here against the Centre’s decision to merge 10 public sector banks into four entities. Employees of all public and private sector banks wore black badges to work as a mark of protest to the government’s decision. Continue Reading

Indian Bank global biz crosses Rs 4 lakh crore

The bank’s net profits have declined by 49.8 per cent to Rs 152 crore from Rs 303 crore on account of higher provisions towards bad debts. CASA on the other hand grew by 6.85 per cent y-o-y from Rs 73,835 crore to Rs 78,890 crore. Continue Reading