Indian Bank
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Bad loans of Bank of Baroda, Indian Bank surge multi-fold in six years: RTI data
•Non-performing assets of Bank of Baroda soared more than six-fold to Rs 73,140 crore while those of Indian Bank surged four-times to Rs 32,561.26 crore in six years, according to a Right to Information reply
Mega PSU bank merger marks new dawn for Indian banking space: Finance ministry
•The biggest-ever consolidation exercise in the public sector banking space effected on Wednesday will mark a new dawn for the Indian banking sector, the Finance Ministry said on Wednesday
Syndicate Bank's Krishnan S appointed as executive director at Canara Bank post-merger
•In March, Canara Bank had said Krishnan will be appointed as executive director with effect from 1 April 2020 till 31 October 2020, or until further orders.
Mega-merger of PSU banks on schedule: 6 banks cease to exist from today; experts say exercise will not be smooth, seamless
Fp Staff •Experts said bank merger at this point of time will not be very smooth and seamless. However, heads of the anchor banks are exuding confidence.
Indian Bank cuts various lending rates from 1 April; PSU lender reduces 1-year MCLR by 15 bps to 8.10%
•Indian Bank on Monday announced a cut its lending rates following a 0.75 percentage point reduction in the repo rate by the Reserve Bank last week
Coronavirus Outbreak: Banks announce special emergency loan products, credit lines for customers
Fp Staff •Public sector banks with about 80 percent of banking operation have taken steps to ensure the safety of its staff and uninterrupted banking services to customers.
Indian Bank NPA to rise, no change in board post-merger, says MD & CEO Padmaja Chunduru
•Indian Bank on Thursday said its board will remain unchanged following its merger with Allahabad Bank on 1 April, but its non-performing assets will soar
10 State-owned banks announce share swap ratios for mergers with nearing of March-end deadline
•The Union Cabinet on Wednesday had okayed the amalgamation of 10 public sector banks to create four large state-owned lenders with effect from 1 April, 2020
Three years after demonetisation, Rs 2,000 currency note loses sheen; banks to eject them completely from ATMs in a year
Fp Staff •Though the efforts are underway to recalibrate about 240,000 ATMs to replace Rs 2,000 notes with Rs 500 notes, the high-value notes may not be withdrawn immediately .
Mega bank consolidation: Meeting 1 April deadline appears challenging with approvals, clearances still pending
•According to a senior banker, information technology integration of Vijaya Bank and Dena Bank with Bank of Baroda is still in process even after 10 months of merger.