Indian Bank, in an internal circular released on January 5, barred its senior employees from conducting felicitation functions, seminars, or business conclaves till March 31.
“It is directed by the top management that no level campaigns with any of our channel partners are to be conducted till March 31, 2023. All focus to be diverted on business parameters of the bank,” said the internal circular.
“It is directed by the top management that no local training programmes be conducted/attended of channel partners by any of our filed personnel till March 31, 2024.”
As per Moneycontrol, the circular released by the bank management did not go into the reasons for the move.
This comes…
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Category: Indian Bank
Govt provides exemption to Indian Bank to retain over 30 pc stake in ASREC – Press Trust of India
Govt provides exemption to Indian Bank to retain over 30 pc stake in ASREC Press Trust of India
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Bank Strike: All India Bank Employee Association to go on strike from December 4; know your bank strike date ,Banking News, Business News
All India Bank Strike: If you have scheduled to visit your bank branch in December or January, just be aware! All leading public and private banks, will go on strike on date-wise, starting from December 4 to January 20.
COMMERCIAL BREAKSCROLL TO CONTINUE READINGThe All India Bank Employee Association, which also include State Bank of India, IndusInd Bank, and Bank of Baroda, said in a statement on Wednesday that it would will go on strike starting December 4.
“Dear Sirs, In accordance with the provisions contained in sub-section (1) of Section 22 of the I.D. Act 1947, we hereby give you notice that all the members of our Association viz. ALL INDIA BANK EMPLOYEES’ ASSOCIATION propose…
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Indian Bank stock tumbles in trading today
18 Jan 2024, 11:41:55 AM ISTIndian Bank share price Today :Indian Bank trading at ₹442.35, up 0.19% from yesterday’s ₹441.5 The current stock price of Indian Bank is ₹442.35. It has experienced a percent change of 0.19, indicating a slight increase in value. The net change is 0.85, suggesting that the stock has gained 0.85 points.
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Indian Bank Gets Nod to Hold Over 30% Stake in Asset Reconstruction Company – Goodreturns
Indian Bank Gets Nod to Hold Over 30% Stake in Asset Reconstruction Company Goodreturns
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Indian Bank closed today at ₹441.5, up 0.34% from yesterday’s ₹440
17 Jan 2024, 09:11:20 AM ISTIndian Bank share price Today :Indian Bank trading at ₹436.95, down -0.69% from yesterday’s ₹440 The current data of Indian Bank stock price shows that it is trading at ₹436.95. There has been a percent change of -0.69, indicating a slight decrease in the stock price. The net change is -3.05, suggesting that the stock has decreased by ₹3.05.
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YES BANK marks historic milestone: Becomes first Indian Bank to conduct Export Finance Transaction on RXIL’s ITFS Platform – CRN
YES BANK becomes the first Indian Bank to execute an export finance transaction on the International Trade Financing Services Platform (ITFS) of RXIL Global IFSC Limited (RXIL), a leading cross-border fintech company registered under the International Financial Services Centres Authority (IFSCA). This strategic partnership facilitates arranging credit for exporters & importers from both Indian and Global Institutions through Factoring, Forfaiting, and other trade financing services at competitive pricing with quick turnaround using a digital platform. This is the first transaction on the ITFS platform in collaboration with any bank in the country.
Talking about the partnership, Mr….
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Indian Bank files case against Mumbai Metro in bankruptcy court
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State-run lender Indian Bank has taken legal action by approaching the insolvency court against Mumbai Metro One Private Limited (MMOPL) due to defaults on its loans. The bank has initiated proceedings under section 7 of the Insolvency and Bankruptcy Code (IBC) against MMOPL. This specific section allows a creditor to file an application to start a corporate insolvency resolution process (CIRP) against a corporate debtor in instances of loan default or financial distress.
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Indian Bank closed today at
Indian Bank Stock Price TodayIndian Bank Share Price Today : The Indian Bank’s stock opened at ₹435.15 and closed at ₹433.15 on the last trading day. The stock had a high of ₹443.05 and a low of ₹426.05 during the day. The market capitalization of the company is ₹58,498.65 crore. The 52-week high for the stock is ₹462.75 and the 52-week low is ₹253.35. The stock had a trading volume of 135,185 shares on the Bombay Stock Exchange (BSE).Disclaimer: This is an AI-generated live blog and has not been edited by MintGenie staff.
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Govt provides exemption to Indian Bank to retain over 30 pc stake in ASREC
New Delhi, Jan 16 (PTI) The government has provided an exemption to Indian Bank to hold shares exceeding 30 per cent in an asset reconstruction company.According to a gazette notification dated January 12, “the Central Government, on the recommendation of the Reserve Bank of India, hereby, declare that the provisions of sub-section (2) of section 19 of the said Act (Banking Regulation Act), shall not apply to Indian Bank, in so far as they relate to its holding shares of an amount exceeding thirty per cent of the paid-up capital of ASREC (India) Limited”.This exemption would be in force till March 31, 2025, it said.This…
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