Mumbai, May 6 (IANS) The Indian Bank on Monday reported a 55 per cent rise in net profit to Rs 2,247 crore for the January-March quarter of 2023-24, compared to the corresponding figures of Rs 1,447 crore reported in the same period of the previous year. Advertising AdvertisingThe public sector bank’s board of directors has recommended a dividend of Rs 12 per share for 2023-24.The total income of the bank increased by 19 per cent to Rs 16,887 crore in the March quarter of FY24, from Rs 14,238 crore in the same period in FY23.The bank’s net interest income (NII) increased by 9 per cent year-on-year to Rs 6,015 crore in the March quarter of FY24, from Rs 5,508…
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Category: Indian Bank
5-Day Work Week for Bank Employees in India: What It Means for You?
The Indian banking sector is abuzz with the proposed shift to a 5-day work week for employees. This proposed initiative, aimed at improving work-life balance for bank staff, has many customers wondering: will it lead to longer wait times and disrupted banking services?While the Indian Banks’ Association (IBA) and bank unions have agreed, the government hasn’t approved the proposal yet. Here is the potential impact of shorter bank work week on customer experience.Fewer Work Days, More Planning? With banks potentially closing on Saturdays, some fear longer queues and delays during weekdays. However, analysts say this might encourage a greater emphasis on online banking and mobile…
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Marico, Gujarat Gas, Indian Bank Among 300+ Companies To Release Quarterly Earnings
Aarti Industries Ltd., ABB India Limited, Ad-Manum Finance Ltd., Ami Organics Ltd., Artemis Medicare Services Ltd., Ashirwad Capital Ltd., Bajaj Hindusthan Sugar Limited, Bank of Baroda, Bank of India, BFL Asset Finvest Ltd., Birla Cable Ltd., Blue Cloud Softech Solutions Ltd., Cholamandalam Financial Holdings Ltd., Cipla Ltd., Dilip Buildcon Ltd., Dharni Capital Services Ltd., Eicher Motors Ltd., ETT Ltd., Excel Realty N Infra Ltd., Fine Organic Industries Ltd., Finolex Industries Ltd., Gallops Enterprise Ltd., Great Eastern Shipping Company Ltd., Haryana Capfin Ltd., Hester Biosciences Ltd., Hi-Tech Winding Systems Ltd., Indo Thai Securities Ltd., IND Renewable Energy Ltd., Inspirisys…
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Solar Energy: Indian Bank & Tata Power Solar Tie Up | Chennai News
Chennai: Public sector Indian Bank on Tuesday announced a tie-up with Tata Power Solar Systems Limited (TPSSL) to offer financing solutions under the Pradhan Mantri Surya Ghar Muft Bijli Yojana scheme. The collaboration aims to bolster the adoption of solar energy among residential consumers.Residential consumers can avail loan up to Rs 2 lakh at an annual interest rate of 7%, Indian Bank said in a statement. For installations between 3KW and 10KW, a tailored financing solution that accommodates the diverse needs of homeowners has been made available. Eligible applicants can access loans up to Rs 6 lakh, with a margin money requirement of 20%. Interest rate ranges from 8.4% to 10.8% per…
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Godrej Consumer Products, Lupin, India Bank, Marico Q4 Results Today —Earnings Estimates
Godrej Consumer Products Ltd., Lupin Ltd. and India Bank will be among the major firms to report their earnings for the fourth quarter of the year-ended March 2024 on Monday.CG Power And Industrial Solutions Ltd., Marico Ltd., Gujarat Gas Ltd., Gujarat Fluorochemicals Ltd., Grindwell Norton Ltd., Happiest Minds Technologies Ltd., Route Mobile Ltd., Arvind Ltd., Cartrade Tech Ltd., and Arvind Smartspaces Ltd will also be announcing their earnings on Monday.Here are the earnings estimates of major companies that are scheduled to announce their results on Monday:
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Check the List of Banks
Top 10 Largest Banks in India 2023 Top 10 Banks in India 2023: The significant banks in India have contributed to the country’s progress in various ways. The banking industry is crucial for the growth of any economy. The leading 10 banks in India have been the primary players in the banking sector for an extended period, collectively holding over 70 percent of the market share. Furthermore, investing in Indian banks has become increasingly appealing and stands out as a dominant sector in the Asia-Pacific region. This article has provided a list of the largest banks in the country. These banks are responsible for creating the highest number of job opportunities in the country….
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Source: https://currentaffairs.adda247.com/top-10-banks-in-india-check-the-list-of-banks/amp/
Indian bank Kotak Mahindra's shares dive after new digital client ban – Reuters
Indian bank Kotak Mahindra’s shares dive after new digital client ban Reuters
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Will Bank Employees Get A 5-Day Work Week? Key Approval Pending
Currently, bank branches are closed on second and fourth Saturdays.5-day work week from bank employees: An agreement in this regard has already been signed between the Indian Banks’ Association (IBA) and employee unions, now a notification is awaited by the governmentThe demand for a 5-day work week by bank employees is likely to be fulfilled soon, as an agreement in this regard has already been signed between the Indian Banks’ Association (IBA) and employee unions. Now, just the government’s approval is pending, which the bank employees expect to get through later in 2024.Bank employee unions, like the United Forum of Bank Unions, have been pushing for a 5-day workweek with…
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Will Bank Employees Get A 5-Day Work Week? Key Approval Pending
The demand for a 5-day work week by bank employees is likely to be fulfilled soon, as an agreement in this regard has already been signed between the Indian Banks’ Association (IBA) and employee unions. Now, just the government’s approval is pending, which the bank employees expect to get through later in 2024.Bank employee unions, like the United Forum of Bank Unions, have been pushing for a 5-day workweek with Saturdays off for a while. They have assured that this would not lead to a reduction in customer service hours.Following this, in December 2023, a memorandum of understanding was signed between the Indian Banks’ Association (IBA), which includes both government-run and…
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Indian banks' asset quality improves to decadal high at end-Sept – cenbank – Reuters India
Indian banks’ asset quality improves to decadal high at end-Sept – cenbank Reuters India
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