News for Indian Bank (INDIANB.BO)

RBI imposes penalties on Indian Bank and Indian Overseas Bank for non-compliance, totaling over ₹2.24 crore.

RBI imposes penalties on Indian Bank, Indian Overseas Bank, and MMFSL for non-compliance with directions, including collateral security issues.

India’s banks are headed for a muted March quarter, with slowing credit and deposit growth, elevated funding costs, and rising stress in unsecured loans weighing on performance. Analysts say the sector may be nearing a cyclical bottom—but multiple risks cloud the road ahead.

Finance Minister Nirmala Sitharaman to review progress of 'One state-one RRB' consolidation on May 6.

PSU banks have rebounded, delivering up to 23% returns in a month, driven by RBIs rate cut stance and improving asset quality. Experts see further upside, with stocks like SBI, BoB, and Canara Bank showing strong potential.

Top gainers & losers todayIndusInd, Axis Bank, Trent, HDFC Life and Eicher Motors led the gainers of Nifty 50 components, while Hindalco, Maruti, Bajaj Auto, JSW Steel and Shriram Finance declined. Gensol and IREDA are also in focus.

As banks reduce savings account interest rates, experts suggest liquid, money market, and overnight funds as appealing alternatives for better short-term returns. HDFC Bank and Axis Bank have lowered rates to 2.75%, prompting a potential shift towards debt mutual funds. Despite recent outflows in liquid funds due to year-end obligations, the outlook remains positive, especially with the RBI's accommodative stance.

A number of public sector banks including SBI, PNB, Indian Bank have Bank of Maharashtra have cut their repo linked lending rates on home loans in the past few days

Leading banks cut deposit rates following RBI repo rate cut, affecting savings plans, while lending rate cuts may benefit borrowers.

Indian banks' market cap trends in Q1 2025, with state-owned banks facing declines and private banks showing growth.

Indian Overseas Bank on Friday reduced its repo-linked lending rate, or RLLR, by 25 basis points. The bank's existing RLLR for lending was 9.10%, and has been slashed to 8.85%, according to an exchange filing on Friday. The revised EBLR will be effective from Saturday, April 12.

About 60% of commercial bank's loans are pegged to external benchmarks, like the policy repo rate that was lowered the second time in as many months to 6%. For private sector banks, the share of external benchmarks lending rate (EBLR) loans-or advances linked to repo rate-is 85.9%, while for public sector banks it is 44.6%. Effectively, the margins of private banks are expected to be impacted more than PSU banks.

The Reserve Bank of India cut the benchmark repo rate by 25 basis points to 6%, prompting banks to lower interest rates for home, auto, and small business loans. This marks a 50 basis points reduction in 2025, including a February cut. The move benefits new borrowers and those with loans linked to external benchmarks like the repo rate.

Banks cut interest rates on loans after RBI reduces repo rate, likely to boost demand for loans and economic growth.

Indian benchmark indices closed lower on Wednesday, weighed down by escalating global trade tensions, despite the Reserve Bank of India cutting interest rates and shifting its policy stance from "neutral" to "accommodative."

Top gainers & losers today: Banking stocks fell, including NBFCs Cholamandalam, IIFL Finance, Muthoot Finance, Manappuram Finance as RBI revised repo rate and aims to issue comprehensive regulations on prudential norms for gold loans.

Home loan borrowers are experiencing a positive year in 2025, beginning with a 25 basis point decrease in the repo rate in February by the RBI, followed by the recent cut of 25 bps.

Shares of Muthoot Finance, IIFL Finance, and Manappuram Finance fell sharply after the RBI announced plans to tighten gold loan regulations. The central bank also cut the repo rate by 25 bps to 6% and lowered the FY26 GDP growth forecast to 6.5%. Banking stocks declined broadly despite the easing, with PSU banks leading the fall.

The National Company Law Appellate Tribunal (NCLAT) has allowed state-owned Canara Bank and Indian Bank to pursue proceedings against former IL&FS directors, who are not part of the new board, to declare them as wilful defaulter. However, the appellate tribunal said those directors who are part of the new board of Infrastructure Leasing & Financial Services (IL&FS) and its various subsidiaries after October 1, 2018, would remain protected.