News for Indian Bank (INDIANB.NS)

Atul Kumar Goel appointed as Chief Executive of Indian Banks’ Association, with extensive banking experience in top institutions.

The two banks which recently added to the list are Tamilnad Mercantile Bank (included on March 5, 2025) and IDFC First Bank which got added on Nov 27, 2024. Another bank which added to the list is Dhanlaxmi Bank on June 26, 2024.

Axis Bank executes first Indian bank aircraft financing transaction at GIFT City IFSC for Air India subsidiary, AIFS.

The Income Tax Department has expanded its partnership with several banks to offer enhanced tax payment services.

Axis Bank executes pioneering aircraft financing deal at GIFT City IFSC for Air India's training aircraft purchase.

SBI, IDBI Bank and Indian Bank offer special fixed deposits (FDs) wherein they give a higher interest rate on special tenures

Several banks, including SBI, Indian Bank, and IDBI Bank, are offering special fixed deposit schemes with high-interest rates with deadlines in March Therefore, before the special FD deadline, investors should think about investing in these schemes if they want to get better returns.

Net NPAs increased to Rs 36,260 crore in the December quarter from Rs 34,843 crore in September and Rs 33,116 crore in December 2023, observes Tamal Bandyopadhyay.

RBI deputy governor Rajeshwar Rao was among the signatories to the proposal of recommending Pandey for the post, as per a document accessed by Mint under an RTI query. Pandey did not get the role and the government eventually appointed Binod Kumar as the chief executive of Indian Bank.

Mintoak acquires Digiledge for bill payments and CBDC capabilities, enhancing services for SMEs and partner banks.

The startup, which is backed by Pravega Ventures, HDFC Bank, and PayPal, will use the funds to acquire firms that offer complimentary services to small enterprises. Its first buy, Digiledge, offers bill payments and CBDC.

Fintech SaaS platform Mintoak has acquired Bengaluru-based Digiledge to add bill payments and Central Bank Digital Currency (CBDC) solutions to…

The EPFO has extended the UAN activation deadline to 15th March 2025, while investors will have to utilise key tax-saving and investment opportunities by end of next month.

RINL utilizes funds to prevent loan defaults, seeks interest rate revision for turnaround, with SBI leading exposure.

After the RBI repo rate cut, banks such as SBI, Canara Bank, PNB, and Union Bank among others have cut their repo linked lending rates. Most other banks are also expected to cut their lending rates in line with the RBI rate cut.

Launched on February 25, 2020, Bandhan Small Cap Fund Direct Growth remains a significant player in the small-Cap sector, overseen by experienced fund managers including Manish Gunwani, Kirthi Jain, Ritika Behera, and Gaurav Satra.

In February 2025, six banks adjusted senior citizen fixed deposit rates, offering up to 9.1% amid a 0.25% RBI repo rate cut. This move affects deposits under Rs 3 crore, impacting post-retirement finances.

The Indian rupee logged its worst day in three weeks on Tuesday, weighed down by weakness in regional peers, importer hedging and dollar demand related to the expiry of non-deliverable forward contracts.

Union Bank of India Shares: The private lender's stock settled at Rs 115.75 on Tuesday, down 1.28 per cent, commanding a total market capitalization around Rs 88,000 crore.