South Indian Bank to raise upto Rs 500 crore through bonds

Last Updated: Wednesday, February 25, 2015, 13:14

Kerala-based South Indian Bank will raise up to Rs 500 crore by way of tier-II bonds to meet future credit demand.

RBI allows FIIs to buy shares in South Indian Bank

Last Updated: Tuesday, February 24, 2015, 21:37

Reserve Bank has allowed foreign investors to buy further shares in South Indian Bank as foreign investment in the bank has gone below the prescribed limit.

Indian bank's overseas branches grew 36% in 2003-14: RBI

Last Updated: Tuesday, February 10, 2015, 22:09

Indian bank's overseas branches saw robust growth overseas of 36.5 percent in 2013-14, while foreign banks in India recovered from the slowdown with a growth of 20.6 percent, RBI data showed today.

Indian banks' overseas branches have credit growth at 31.2%

Last Updated: Friday, January 16, 2015, 23:01

Credit extended by Indian banks' branches operating abroad increased by 31.2 percent to Rs 7.68 lakh crore (USD 127.9 billion) in 2013-14.

Only 48% of Indian adults have access to bank account: Report

Last Updated: Tuesday, December 2, 2014, 15:06

Only 48 per cent of Indian adults have bank accounts and nearly half of them lie dormant, says a report.

Indian Bank Q3 Net declines 19.9%

Last Updated: Thursday, January 23, 2014, 15:10

State-run lender Indian Bank Thursday reported a 19.9 percent decline in net profit for the third quarter ending December last year at Rs 264.50 crore.

'India, Pak working to allow 3 banks in each others' country'

Last Updated: Thursday, January 16, 2014, 16:44

India and Pakistan are working on allowing three banks to set up branches on each others' soil to help improve trade relations.

Indian Bank revises interest rates

Last Updated: Friday, January 3, 2014, 19:07

Indian Bank has revised interest rates in foreign currency non-resident (banking) deposits with immediate effect.

Cabinet clears conversion of pref shares to equity in 3 banks

Last Updated: Thursday, January 2, 2014, 20:35

This will apply to three banks - Indian Bank, UCO Banks Vijaya Bank, Finance Minister P Chidambaram said after the Cabinet meeting here.

Indian Bank Q2 net profit dips 38.4% to Rs 305.76 cr

Last Updated: Friday, November 8, 2013, 20:36

The city-based public sector bank had reported net profit at Rs 496.68 crore during the corresponding period of the previous year, Indian Bank Chairman and Managing Director T M Bhasin said.