Indian Bank

Type: Company
Name: Indian Bank
Nationality: India
Fact Sheet: Fact Sheet for Indian Bank
First reported Jun 18 2013 - Updated Jun 18 2013 - 1 reports

Fee scam accused cashier absconds

The cashier of the Higher Education Department Murugavelu, wanted in connection with the Centac scam, had gone missing.Murugavelu, a native of Karaikal, was suspended immediately after the scam came to light, but now his whereabouts are not known.The ... [Published New Indian Express - Jun 18 2013]
First reported Jun 17 2013 - Updated Jun 17 2013 - 1 reports

Bank of Baroda emerges most profitable bank in Ghana

Bank of Baroda was the most profitable in 2012. That's according to the 2013 Ghana Banking Survey put together by accounting firm, Price Water House Coopers.The Indian Bank stood tall amongst the 26 banks that were assessed on total income before tax. ... [Published Myjoyonline.com - Jun 17 2013]
First reported Jun 17 2013 - Updated Jun 17 2013 - 1 reports

17th June 2013

OUR BELOVED Father K.R.Ramachandran @ KRR (88) Retired Faculty Indian Bank Kozhumum attained Shivaloka Prapthi on 16th June 2013. KR Raja, KR Ramesh, KR Suresh, Rajeswari Ganesan. Ph: 24812525 More In: Obituary ... [Published The Hindu - Jun 17 2013]
Entities: Indian Bank
First reported Jun 16 2013 - Updated Jun 16 2013 - 1 reports

Centac students file plaint to VAC on fee scam

CENTAC sponsored students of higher education affected by the scam in Perunthalaivar Kamarajar Financial Assistance Scheme implemented by the Directorate of Higher and Technical Education have lodged individual complaints with the Vigilance and Anti Corruption ... [Published New Indian Express - Jun 16 2013]
First reported Jun 14 2013 - Updated Jun 15 2013 - 2 reports

Mumbai cops’ bank accounts hacked

New Delhi - Several Indian bank accounts, including those belonging to Mumbai policemen, have been hacked in an international online heist, news reports said Friday. ... [Published Big News Network - Jun 14 2013]
First reported Jun 15 2013 - Updated Jun 15 2013 - 1 reports

Minister raises concern on rising bad loans

Finance Minister P Chidambaram raised concern about the rising non-performing assets (NPAs) in the banking system and asked banks to control it order to prevent adverse impact on profitability.Huge provisioning for NPAs is eating into the profits of state-owned ... [Published ASAPP - Jun 15 2013]
First reported Jun 14 2013 - Updated Jun 14 2013 - 3 reports

Indian bank loans up 14.1pc

MUMBAI: Indian bank loans rose 14.1 percent from a year earlier in the two weeks to May 31, while deposits were up 13.4 percent, the Reserve Bank of India's weekly statistical supplement showed on Friday.Outstanding loans rose 488.4 billion rupees ($8.5 ... [Published Business Recorder - Jun 14 2013]
First reported Jun 12 2013 - Updated Jun 13 2013 - 3 reports

Indian Bank surges on tying up with UIIC to launch web portal

Indian Bank is currently trading at Rs 129.95, up by 0.40 points or 0.31% from its previous closing of Rs 129.55 on the BSE.The scrip opened at Rs 130.00 and has touched a high and low of Rs 130.05 and Rs 128.60 respectively. So far 1787 shares were traded ... [Published Arihant Capital - Jun 13 2013]
First reported Jun 13 2013 - Updated Jun 13 2013 - 1 reports

Rs 9 lakh stolen from Ambur entrepreneur

About Rs 9 lakh was stolen from the box of a bike parked in front of the Ambur branch of Indian Bank, on Omar Road on Monday.S Sudha, owner of Global Shoe Factory in Vinnamamangalam, had come out of the bank, and on seeing her relative, went over to talk ... [Published New Indian Express - Jun 13 2013]
First reported Jun 13 2013 - Updated Jun 13 2013 - 1 reports

New 4-star, Hablis launched in Guindy

Chairman and MD of Indian Bank T M Bhasin inaugurates hotel Hablis on Wednesday | Martin LouisChennai is a grand city with many top class star hotels in main areas of the city. A new entry to this list would the Hablis Hotels Pvt limited, which stands ... [Published New Indian Express - Jun 13 2013]
First reported Jun 12 2013 - Updated Jun 12 2013 - 1 reports

3 Indian Banks Fined for KYC and AML Breaches

India’s banking supervisor has fined three heavy weight private institutions for failing to have adequate KYC and AML procedures. The trio came under the radar after media firm cobra post highlighted shortfalls in the banks systems and controls.All three ... [Published Forex Magnates - Jun 12 2013]
First reported Jun 12 2013 - Updated Jun 12 2013 - 3 reports

Indian bank deposits grow faster than loans in 2 weeks to May 31

MUMBAI, June 12 (Reuters) - Indian bank deposits grew faster than advances in the two weeks to May 31, provisional data from the Reserve showed on Wednesday.Deposits grew 1.3 percent to 68.74 trillion rupees ($1.19 trillion), while advances rose 0.9 percent ... [Published Sify - Jun 12 2013]
Entities: Indian Bank, Mumbai

Quotes

"I think looking forward, as personal incomes continue to rise in India you're going to see more and more demand coming from that market."
"But I am afraid that is not how capital is found for running enterprises. A significant portion of capital has to come from retained earnings. That can happen only if banks’ profitability increases, which can happen only if you are able to contain non-performing assets,” he said."
"There has been a complaint from Axis bank that some scheming has been done in 29 accounts. We are in the process of registering a complaint and we will investigate the matter" senior police officer Satyanarayan Chaudhary told reporters
"In the current environment, the cash flows of many small and medium-sized units have been stressed. It is easier to restructure loans offered to these companies outside the CDR mechanism" a senior executive of Indian Banks Association (IBA)

More Content

All (227) | News (221) | Reports (0) | Blogs (5) | Audio/Video (0) | Fact Sheets (1) | Press Releases (0)
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Indian rupee slumps to Rs16: Five ways NRIs can... [Published Emirates247 - 1 hour ago]
Banks tempt Indian expats with personal loans a... [Published Emirates247 - 13 hours ago]
Global CEOs to Visit India to Discuss Direct Se... [Published Silicon India - 17 hours ago]
Fee scam accused cashier absconds [Published New Indian Express - Jun 18 2013]
Bank of Baroda emerges most profitable bank in ... [Published Myjoyonline.com - Jun 17 2013]
17th June 2013 [Published The Hindu - Jun 17 2013]
As business grows, banks allowed to create more... [Published Hindu Business Line - Jun 16 2013]
Centac students file plaint to VAC on fee scam [Published New Indian Express - Jun 16 2013]
DMK’s daughter richer thrice over in 6 years [Published New Indian Express - Jun 16 2013]
India Takes Steps to Boost Trade With Iran [Published VOA News - Jun 15 2013]
Gold imports to India set for record [Published Abu Dhabi National - Jun 15 2013]
Minister raises concern on rising bad loans [Published ASAPP - Jun 15 2013]
Mumbai cops’ bank accounts hacked [Published Big News Network - Jun 14 2013]
Mumbai cops accounts hacked, money withdrawn in... [Published Times Live South Africa - Jun 14 2013]
Indian bank loans up 14.1pc [Published Business Recorder - Jun 14 2013]
Indian bank loans up 14.1 pct y/y in two weeks ... [Published XE - Jun 14 2013]
Indian bank loans up 14.1 pct y/y in two weeks ... [Published Reuters - Jun 14 2013]
Siliguri bank robbery [Published Calcutta Telegraph - Jun 14 2013]
Indian Bank surges on tying up with UIIC to lau... [Published Arihant Capital - Jun 13 2013]
Rs 9 lakh stolen from Ambur entrepreneur [Published New Indian Express - Jun 13 2013]
New 4-star, Hablis launched in Guindy [Published New Indian Express - Jun 13 2013]
3 Indian Banks Fined for KYC and AML Breaches [Published Forex Magnates - Jun 12 2013]
Indian Bank, United India launch Web portal [Published Hindu Business Line - Jun 12 2013]
Indian Bank, United India Insurance launch portal [Published Hindu Business Line - Jun 12 2013]
India Inc now prefers to restructure loans with... [Published Oneindia - Jun 12 2013]
Credit Shopping: Is Experian buying 26% stake i... [Published Money Life - Jun 12 2013]
Indian bank deposits grow faster than loans in ... [Published Sify - Jun 12 2013]
Indian bank deposits grow faster than loans in ... [Published XE - Jun 12 2013]
Indian bank deposits grow faster than loans in ... [Published Reuters - Jun 12 2013]
Bank problems? You can file an online complaint... [Published Money Life - Jun 11 2013]
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Blogs

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Does Apple Have a Winning Plan Abroad? [Published Wall St. Cheat Sheet - May 21 2013]
Apple ( NASDAQ:AAPL ) may have figured out its move for competing with Samsung (SSNLF.PK) and other rivals in foreign countries. But it may never be enough to actually come out on top.Worldwide, Apple has had trouble keeping up with its major Korean competitor. ...
Does Apple Have a Winning Plan Abroad? [Published Wall St. Cheat Sheet - May 21 2013]
Apple ( NASDAQ:AAPL ) may have figured out its move for competing with Samsung (SSNLF.PK) and other rivals in foreign countries. But it may never be enough to actually come out on top. Worldwide, Apple has had trouble keeping up with its major Korean ...
Drumbeat: March 15, 2013 [Published The Oil Drum - Discussions about Energy and Our ... - Mar 15 2013]
Obama to announce plans to fund alternative fuel research WASHINGTON — President Obama plans to announce Friday that he will ask Congress to create an energy security trust to fund research into alternatives to gasoline, according to senior White House ...
The Hunt For India Bank Licenses [Published WSJ.com: India Real Time - Mar 07 2013]
A new Indian bank could be coming your way, but who will get a license to operate in this potentially lucrative sector? ...
Indian Banks Feel the Heat [Published WSJ.com: India Real Time - Feb 07 2013]
Non-performing assets are on the rise at Indian banks, and the situation is only likely to get worse as they restructure debt. The government could help, but it would involve an unpopular move. ...
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