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Indian Bank is a medium-sized bank which was started in 1907. It offers deposits, loans and services. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations.
Indian Bank has informed about strike notices received from bank employee unions. While the bank is arranging for normal branch operations, banking services might see disruptions during the proposed strike dates if the strike materializes. Keep an eye on potential operational impacts.
Indian Bank plans to divest up to 15,00,000 equity shares, representing 17.91% of its holding, through an upcoming initial public offering offer for sale. The bank previously earned ₹29.31 Cr in dividends from this investment for the last financial year.
Indian Bank held a virtual one-on-one interaction with Millennium to discuss publicly available information regarding the bank's operations and updates.
Indian Bank has informed the Exchange about Newspaper Publication regarding opening of Special Window for Transfer and Dematerialization of Physical Securities
Indian Bank's Satna Currency Chest faced a ₹1.89 lakh penalty from RBI for soiled note irregularities. The bank clarified this operational issue is routine and has no material impact on its profitability.