FSIB recommends Rana Ashutosh Kumar Singh for managing director role at SBI CNBCTV18FSIB recommends appointment of Rana Ashutosh Kumar Singh as SBI MD, Asheesh Pandey as Indian Bank MD BusinessLineRana Ashutosh And Asheesh Pandey Recommended For MD Position In SBI And Indian Bank NDTV ProfitFSIB recommends Asheesh Pandey as Managing Director of Indian Bank CNBCTV18FSIB Recommendations for SBI and Indian Bank MD Appointments Adda247
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Category: Tamilnad Mercantile Bank
BOB Joins SBI & Indian Bank In Crackdown Against Mis-Selling Of Insurance, Mutual Funds – BW Businessworld
BOB Joins SBI & Indian Bank In Crackdown Against Mis-Selling Of Insurance, Mutual Funds BW Businessworld
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Ashok Leyland in pact with South Indian Bank for dealer financing
Ashok Leyland has signed an agreement with South Indian Bank to provide financing support to its dealers under the bank’s dealer finance scheme. South Indian Bank will provide competitive dealer finance options to the dealers of the leading truck and bus maker, according to a statement.
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“This alliance will offer appropriate inventory financing solutions to our network of dealers,” said Gopal Mahadevan, Director and Chief Financial Officer, Ashok Leyland
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News Par Views: Mr. SL Jain, MD& CEO Of Indian Bank In Conversation With Anil Singhvi – Zee Business
News Par Views: Mr. SL Jain, MD& CEO Of Indian Bank In Conversation With Anil Singhvi Zee Business
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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.
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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
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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…
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MYLAPORE TIMES – Contractor of Indian Bank continues violations in Luz
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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…
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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…
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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.
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