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Indian Bank Shares Surge Over 3% On QIP Issue
On Tuesday, Indian Bank's stock jumped more than 3% after the bank announced the commencement of its qualified institutional placement program (QIP). The committee of directors on capital raising approved and authorized the opening of the QIP on June 21, according ...
Indian Bank Shares Surge Over 3 On Qip Issue
Indian-Allahabad Bank Merger; Know Post-Merger Details
Indian Bank has announced that it has successfully completed the process of technical migration of the former Allahabad Bank software with the Indian Bank CBS/ITMS software in a regulatory filing. Indian Bank took Twitter to make the announcement. "We request you ...
Indian Bank Q2 Profit More Than Doubles
On Wednesday, Indian Bank reported a 139 percent increase in its net profit to Rs 358.56 crore for the second quarter of 2019-20 from Rs 150.14 crore a year ago. The bank also showed an improvement in its asset quality ...
Indian Bank Q2 Profit More Than Doubles
What Will PSB Mergers Mean For Customers, Employees And Shareholders?
With a motive to strengthen the public sector banking (PSB) business, Finance Minister Nirmala Sitharaman, on Friday, announced the consolidation of 10 PSBs into 4. These mergers will take time to be implemented, however, stakeholders of the decision, that is, the customers, ...
Indian Bank Hikes Interest Rates On FCNR (B) Deposits
The Central Bank of India - RBI, kept the repo rates fixed at 6.50% and this led to the plunge in the markets as well as the domestic rupee value against the strong dollar during yesterday's trade session. Most of the ...
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