Indian Bank

Indian Bank Announces Specialist Officer Recruitment 2020

Jobs | Edited by Anisha Singh | Thursday January 23, 2020

Indian bank has announced 138 Specialist Officer vacancies. The posts advertised under this recruitment include that of Assistant manager, manager, and Senior Manager.

Bank Strike For 2 Days From January 31, Coincides With Budget Day

India News | Edited By Richa Taneja (With Inputs From PTI) | Wednesday January 15, 2020

Bank Strike on January 31, February 1: The Bank Unions decided to strike after talks over wage revision failed with the Indian Banks' Association.

The Year Indian Tycoons Faced Bankruptcies, Jail And Worse

Business | PR Sanjai and Bhuma Shrivastava, Bloomberg | Thursday January 2, 2020

Indian banks wrote off a record $39 billion of loans in the 18 months through September in a bid to repair their balance sheets as they battled the world's worst bad debt pile.

Vijay Mallya Faces Bankruptcy Over Rs 10,000 Crores In Debt

India News | Ellen Milligan, Bloomberg | Wednesday December 11, 2019

Twelve state-owned Indian banks are petitioning for ex-billionaire Vijay Mallya to be declared bankrupt over 1.15 billion pounds (Over Rs 10,000 crore) in unpaid debts.

India's Bad Debt Pile Eased By Write-Offs, Underlying Problem Far From Resolved

Business | Reuters | Friday November 8, 2019

The write-offs illustrate the urgent problem of bad loans as borrowers struggle to service, let alone pay-off, their debt in a stuttering economy.

Indian Bank, Union Bank, UCO Bank Report Divergence In Non-Performing Assets

Business | Indo-Asian News Service | Saturday November 2, 2019

The Gross NPAs as on March, 2019 as reported by Indian Bank was Rs 13,353 crore while RBI assessed it as Rs 13,537 crore leading to a divergence of Rs 184 crore.

RBI Asks Indian Banks to Probe Alleged Data Leak of 1.3 Million Cards

Reuters | Thursday October 31, 2019

RBI has asked banks to ensure customers' debit and credit card data is secure and investigate reports that say data of 1.3 million accounts was available online, a notice seen by Reuters showed.

1.3 Million Indian Credit, Debit Card Details Up for Sale on Dark Web

Indo-Asian News Service | Thursday October 31, 2019

Nearly 1.3 million debit and credit card data of Indian banking customers that can fetch up to $130 million for cybercriminals are available on Dark Web for open sale.

1.3 Million Indian Payment Card Details Up For Sale On Dark Web

India News | Indo-Asian News Service | Wednesday October 30, 2019

Nearly 1.3 million debit and credit card data of Indian banking customers that can fetch up to $130 million for cybercriminals are available on Dark Web for open sale.

No Need To Panic, Indian Banking System Stable: RBI

Business | Press Trust of India | Tuesday October 1, 2019

Shares of private sector lender Yes Bank plummeted over 22 per cent, while RBL, IndusInd Bank, SBI, IDFC First and PNB fell up to 5 per cent on the NSE.

Allahabad Bank Board Approves Merger With Indian Bank 

Business | Press Trust of India | Monday September 16, 2019

Finance Minister Nirmala Sitharaman had on August 30 announced the consolidation of 10 state-run banks into four large-scale lenders.

Mumbai Man Allegedly Cheats Bank Of More Than 3 Crores Using Fake Gold

Mumbai News | Press Trust of India | Monday September 16, 2019

A 43-year-old man working as a gold valuator in public sector Indian Bank was arrested for allegedly cheating it of Rs 3.77 crore on the pretext of inspecting gold received from customers, police said on Sunday.

SBI Offers Repo-Linked Home Loan Starting At 8.05% Interest Rate

Business | Edited by Abhishek Jejani | Wednesday August 21, 2019

SBI had earlier linked its savings bank deposits and short-term loans to the repo rate, becoming the first Indian bank to do so.

HDFC Bank Cuts Key Lending Rates By 10 Basis Points: Report

Business | Thomson Reuters | Tuesday August 6, 2019

Indian banks largely price their MCLR benchmark loan rates according to the cost of deposits. With this cut, the bank's lending rates on products like auto or home loans may also come down.

Sensex Gains Over 250 Points, Nifty Crosses 11,250: 10 Things To Know

Business | NDTV Profit Team | Tuesday July 30, 2019

Stock markets started Tuesday's session on a strong note, a day after credit ratings major Moody's said that the operating environment for Indian banks will be stable but economic slowdown poses challenges to the sector. The S&P BSE Sensex index rose as much as 263.84 points to touch 37,950.21 in early trade, and the broader NSE Nifty benchmark cli...