Indian Bank
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.
What Indian files
- Others101
- Investor Meet49
- Updates35
- Important32
- Dividend/Bonus9
- PPTs9
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'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.
Indian Bank's ALCO revised its Treasury Bills Linked Lending Rates (TBLR). Select TBLR tenors are adjusted up by 5 bps, while one tenor is lowered by 5 bps. Other benchmark lending rates remain unchanged, impacting specific loan segments.
Indian Bank's GIFT City Branch secured USD 400 Million in long-term funds with a 4-year tenor. This strengthens its funding position and supports international operations.
Indian Bank has lowered its Treasury Bills Linked Lending Rate (TBLR) for tenors exceeding 3 months. This move could lead to cheaper financing for customers. Other key lending rates are unchanged.