Recently, AU SFB completed seven years as a bank. It merged with Fincare last year, significantly strengthening its pan-India play. The bank’s MD and CEO Sanjay Agarwal in an interview with TOI said they always wanted to decode India. With 2,400 touch points, more than 1 crore customers, deposits of over Rs 1 lakh crore, 46,000 employees across India, and a solid balance sheet, the lender is poised for an amazing journey, said Agarwal. Excerpts…AU Small Finance Bank has completed 7 years. What have been the learnings?Before I became a banker, I was a lender, running an NBFC. There is a huge difference. Lending is a transaction; banking is a relationship. For the last seven years, I…
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Category: Indian Bank
Indian Bank share price Today Live Updates : Indian Bank closed today at ₹512.2, down -0.18% from yesterday’s ₹513.1
14 May 2024, 03:49 PM IST
Indian Bank share price NSE Live :Indian Bank closed today at ₹512.2, down -0.18% from yesterday’s ₹513.1
Indian Bank share price closed the day at ₹512.2 – a 0.18% lower than the previous closing price. For the next trading session key resistances to watch for are 519.23 , 525.42 , 529.98. On the other hand key support levels could be found at 508.48 , 503.92 , 497.73. Please note these support and resistance levels are derived from the classic pivot table.
14 May 2024, 03:48 PM IST
Indian Bank share price Today : Volume traded till 3 PM is -25.09% lower…
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Bank Holidays in December 2023: Banks to remain closed for 18 days | India News
During December, banks in India will stay shut for 18 days. People wanting to visit the bank for urgent issues must be aware of the predetermined holiday dates. Bank customers should take note that although physical branches will be shut on these upcoming holidays, UPI, digital services like mobile banking and internet banking will stay functional with no disturbances. Click here to follow our WhatsApp channel It is also important to note that along with festival holidays in December 2023, banks in the nation will likewise stay shut on 5 Sundays and 2 Saturdays, making the overall holidays of 18 days. Bank holidays in December 2023 1. December 1, 2023: State Inauguration Day/…
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Indian Bank To Raise ₹4,000 Cr Through Qualified Institutions Placement
Indian Bank committee of directors on Wednesday approved the raising of equity capital of the bank aggregating to ₹4,000 crore, the company announced through an exchange filing.
The bank will raise the funds through qualified institutions placement in one or more tranches depending on the statutory and regulatory approvals.Fitch Ratings says Indian Banks operating environment has strengthened
Fitch Ratings on Wednesday said the operating environment for Indian banks has strengthened as economic risks associated with the Covid-19 pandemic have ebbed.A number of prudential indicators for the sector have also improved compared to pre-pandemic levels,…
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Indian Bank reduces exposure to infra sector to cut down concentration risk
Exposure to the retail loans (home, auto and other personal loans) has, however, jumped from 18% in FY21 to 21% in the first half of FY24. Loans to the agriculture sector now account for 24% of the bank’s loan book, up from 21% in FY21. Commercial real estate exposure doubled to 4% in the same time. The bank would also identify sectors under stress and implement a sector-specific approach to minimise delinquency, it said.
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GIFT Nifty Indicates Positive Opening; Indian Bank and Lupin to Announce Results Today – MarketSmith India
GIFT Nifty Indicates Positive Opening; Indian Bank and Lupin to Announce Results Today MarketSmith India
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Indian Bank share price Today Live Updates : Indian Bank Stock Plummets in Trading Today
Indian Bank Share Price Today : Indian Bank’s stock opened at ₹518.15 and closed at ₹516.2 on the last trading day. The high for the day was ₹523.2, while the low was ₹508.95. The market capitalization of the company was ₹69,227.01 crore. The 52-week high for the stock was ₹573.45 and the 52-week low was ₹267.25. The BSE volume for the day was 68,110 shares traded.Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.
13 May 2024, 10:54 AM IST
Indian Bank share price Live : Volume traded till 10 AM is -4.95% lower than yesterday
The trading volume of…
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Indian Bank Q2 net profit jumps 62%
State-owned lender Indian Bank reported a 62% jump in the second-quarter standalone net profit to ₹1,988 crore, driven by an increase in net interest income, other income and improvement in asset quality.“Quarter after quarter, our profitability, net interest income, and other income are growing,” MD and CEO Shanti Lal Jain told the media on Thursday.The bank’s net interest income rose 23% to ₹5,741 crore, while fee based income grew by 11% to ₹805 crore in the second quarter on a year-on-year basis.Advances increased 12% to ₹4,92, 288 crore from the year-earlier period, while deposits grew 9% to ₹6,40,803 crore.We have guided for a 10-12% credit growth in FY24. We hope…
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Source: https://www.thehindu.com/business/indian-bank-q2-net-profit-jumps-62/article67462290.ece/amp/
Indian banks set a decadal record with 123,000 hirings in FY23
Mumbai: Indian banks witnessed their highest hiring numbers in a decade in FY23, and the trend is expected to continue in FY24, with top banking sector officials expecting a surge in headcount growth. This growth is likely to surpass the previous year’s record and potentially set an all-time high.A collective of public and private sector banks posted the highest annual net headcount addition in the last 10 years as they hired 123,000 employees last fiscal, as per latest data released by the Reserve Bank of India.The record additions are being driven by aggressive hiring by private banks across functions such as customer interface, lending, assurance, and technology to drive their branch…
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Adani Power, IRCTC, BPCL, Zomato, Indian Bank, Others: Super Seven Stocks To Buy In May 2024 – Goodreturns
Adani Power, IRCTC, BPCL, Zomato, Indian Bank, Others: Super Seven Stocks To Buy In May 2024 Goodreturns
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