Outlook for India's banking system remains negative: Moody's

Last Updated: Tuesday, December 4, 2012, 15:24

Global rating agency Moody's on Tuesday said its outlook on Indian banks remains negative as asset quality could further deteriorate, leading to decline in profitability due to slow economic growth and high interest rates.

Outlook for India's banking system remains negative: Moody's

Last Updated: Tuesday, December 4, 2012, 15:24

Global rating agency Moody's on Tuesday said its outlook on Indian banks remains negative as asset quality could further deteriorate, leading to decline in profitability due to slow economic growth and high interest rates.

Banks' bad loans soar by up to 86% in first half

Last Updated: Sunday, November 18, 2012, 17:49

The sharp rise in bad loans for the banks comes at a time when the number of corporate debt restructuring (CDR) cases has also grown to record-high levels.

Know how to keep your bank account safe

Last Updated: Wednesday, November 14, 2012, 19:05

Many banks in London are imposing sneaky terms and conditions to allow them to block compensation to innocent victims of chip-and-pin or Internet fraud.

Indian Bank Q2 net up 6% at Rs 496.68 crore

Last Updated: Saturday, October 20, 2012, 15:26

Total income of the bank grew to Rs 3,773.75 crore in the July-September quarter from Rs 3,377.13 crore in the same period a year-ago, Indian Bank said in a BSE filing.

Indian Bank launches prepaid travel, gift cards

Last Updated: Wednesday, September 26, 2012, 23:25

The prepaid gift cards are currently available in denominations of Rs 1,000 and Rs 5,000 and can be bought at no additional charge, while the travel cards issued in US Dollars come with an initial load of USD 200, Indian Bank General Manager G N Hegde said.

Indian Bank unaffected by relief to Discoms

Last Updated: Wednesday, September 26, 2012, 21:20

Indian Bank has an exposure of around Rs.7,000 crore to the power sector, of which around Rs.5,000 crore is accounted by the state power distribution companies. According to an official, around Rs.2,200 crore have been restructured.

Indian Bank may raise capital through FPO next fiscal

Last Updated: Sunday, September 9, 2012, 11:57

Indian Bank may come out with a follow-on public offer (FPO) next fiscal if market conditions improve, a top official said.

Indian Bank cuts home, car loan rates by up to 0.5%

Last Updated: Tuesday, September 4, 2012, 17:27

State-owned Indian Bank has reduced interest rates on home and car loans by up to 0.5 percent to increase disbursements in these segments.

Indian Bank revises FCNR deposit interest rates

Last Updated: Sunday, September 2, 2012, 14:08

Public sector Indian Bank has revised its interest rates on Foreign Currency Non-Resident (Banking) term deposits across different maturities with immediate effect.

Indian Bank to open 1,525 ultra small branches in rural areas

Last Updated: Sunday, August 26, 2012, 16:54

When asked whether there was any specific motive for opening branches in rural area like Sivaganga district, Bashin said Indian bank wanted to focus on villages.