News Par Views: Mr. SL Jain, MD& CEO Of Indian Bank In Conversation With Anil Singhvi Zee Business
Read More…
Category: Tamilnad Mercantile Bank
Indian Bank eyes 10-12% credit growth in FY24
Indian Bank is hoping to end the current fiscal with a credit growth of 10-12%, said a top official.“In the last nine months, our deposits have grown by 10% against our target of 8-10%. Similarly, advances grew at 13% against our target of 10-12%,” Managing Director and CEO S.L. Jain told the media.“We have done well in all guidelines. The bank is in a better position and is well capitalized. We would like to close the fiscal with 10-12% growth,” he said.Asserting that the recovery during FY24 was more than the slippages, he said that they had set an initial target to recover ₹8,000 crore.
Sign up for newsletters, unlock features and do more on The Hindu
…
Read More…
Are Indian banks ready to adopt the expected credit loss framework? – Business Standard
Are Indian banks ready to adopt the expected credit loss framework? Business Standard
Read More…
PSU Banks like SBI, Canara, Union poised for re-rating, according to this analyst
India’s state-run lenders like State Bank of India Ltd., Canara Bank Ltd., Union Bank of India Ltd., Bank of Baroda Ltd., among others are poised for another round of re-rating, according to brokerage firm Motilal Oswal.
In its note titled “Well Poised for Re-rating 2.0,” Motilal Oswal wrote that the target of achieving 1% Return on Assets (RoA) is now sustainable from being “aspirational” earlier. It also mentioned that the valuations of most of these PSU banks remain attractive even after a rally in 2023.In fact, the PSU Bank index has tripled in value since 2021 and its market capitalisation crossed the mark of ₹13 lakh crore last Friday. The last three years has seen the index…
Read More…
MYLAPORE TIMES – Contractor of Indian Bank continues violations in Luz
Facebook
Twitter
WhatsApp
LinkedIn
Email
Print
When it comes to violations civil contractors take the cake and eat it too.
Take the case of Abirami Engineering which had taken the contract for building the executive quarters for the staff of Indian Bank in Luz.
This contractor had violated several standard rules. For the past two months their men used the machinery at late night leaving the residents badly disturbed.
Several complaints could only halt the work for few days till a mail to a senior office of Indian Bank fgot some positive reation.
But violations continued.
One day the workers even let out a concrete water mixture in the local drain.
Now, the…
Read More…
Source: https://www.mylaporetimes.com/2024/03/contractor-of-indian-bank-continues-violations-in-luz/
Indian Bank soars 10% on heavy volumes; hits 5-year high in subdued market | News on Markets
Shares of Indian Bank zoomed 10 per cent to hit a five-year high of Rs 381.40 on the BSE in Monday’s intra-day trade on the back of heavy volumes and a steady earnings outlook. Click here to follow our WhatsApp channel The stock of the public sector lender also inched toward its record high level of Rs 428 touched in November 2017. In the the past two months, the market price of the bank has zoomed 35 per cent.At 02:34 pm; Indian Bank was quoting 9 per cent higher at Rs 376.30 as compared to a 0.07 per cent decline in the S&P BSE Sensex. The average trading volumes on the counter jumped four-fold today. A combined 5.9 million shares had changed hands on the NSE and BSE. Indian Bank…
Read More…
Indian Bank’s stock plummets as it trades in the red today
TL;DR.Indian Bank stock price went down today, 18 Mar 2024, by -1.01 %. The stock closed at 510.4 per share. The stock is currently trading at 505.25 per share. Investors should monitor Indian Bank stock price closely in the coming days and weeks to see how it reacts to the news.
Read More…
Apply online for 146 Specialist Officer posts
Indian Bank has initiated the Indian Bank SO Recruitment 2024, offering 146 vacancies for Specialist Officer roles. With the notif…
Read More
Indian Bank has initiated the Indian Bank SO Recruitment 2024, offering 146 vacancies for Specialist Officer roles. With the notification accessible on www.indianbank.in, aspiring candidates have until April 1st, 2024, to apply. This recruitment drive presents an opportunity for professionals aspiring to pursue a career in banking. Interested individuals are encouraged to review eligibility criteria and job specifications carefully before applying. Indian Bank aims to…
Read More…
Airtel Payments Bank Becomes First Indian Bank to Launch Eco-Friendly Debit Card
Yesterday, Airtel Payments Bank created a buzz on social media by teasing an upcoming eco-friendly initiative. Today Airtel Payments Bank (APB) has announced the launch of an eco-friendly debit card for its new and existing customers with a savings bank account, becoming the first Indian Bank to launch such a card. Airtel Payments Bank is India’s only profitable multi-segment fintech operating at scale with a banking license.Also Read: Airtel Payments Bank and Park+ Collaborate for FASTag Parking Solution at Varanasi AirportCertified r-PVC MaterialAirtel Payments Bank has announced that their debit cards will be made from certified eco-friendly r-PVC material, which will positively…
Read More…
Source: https://telecomtalk.info/airtel-payments-bank-eco-friendly-debit-card/848412/
Indian Bank share price Today Live Updates : Indian Bank Stock Soars on Positive Trading Day
Indian Bank Share Price Today : Indian Bank’s stock opened at ₹526 and closed at ₹526.25 on the last trading day. The stock reached a high of ₹535 and a low of ₹522.15. The market capitalization stands at ₹71,469.91 crore. The 52-week high and low are ₹573.45 and ₹254.3 respectively. The BSE volume for the day was 134,863 shares traded.Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.
06 Mar 2024, 03:03 PM IST
Indian Bank share price update :Indian Bank trading at ₹541.35, up 2.03% from yesterday’s ₹530.6
The current data of Indian Bank stock…
Read More…