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The Latest Breaking News from Indian Bank

Indian Bank targets Rs 35 lakh crore business by 2032 after crossing Rs 15 lakh crore milestone: MD & CEO

"On 125th year, that means 2032, we have set a target of 35 lakh crore business. In June we are at 15 lakh crore. That means we have to become 2.3 times what we are. We will become a 35 lakh crore bank by 2032 and, with the support the…

The Economic Times

ICICI Securities initiates coverage on 7 PSU banks with positive valuations

ICICI Securities commenced its analysis on seven public sector banks, giving most a Buy rating. They predict a strong return on equity for these institutions leading up to fiscal year twenty twenty-eight. Loan growth should remain vigorous, estimated at fourteen to fifteen percent each year. While asset quality is likely…

The Economic Times

HDFC Bank, Axis Bank collect highest penalties from customers for non-maintenance of minimum average balance; Bank of Baroda tops public sector bank list

HDFC Bank, Axis Bank, and Bank of Baroda collected the most penalties for low balances. Public sector banks collected these charges from FY 2021-22 to FY 2025-26. Private sector banks collected penalties from FY 2022-23 to FY 2025-26. Most public sector banks have now withdrawn these charges for savings accounts.…

The Economic Times

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Ahead of Market: 10 things that will decide stock market action on Monday

The Sensex and Nifty surged over 1% on Friday, supported by TCS earnings, easing volatility and positive global cues. Investors will now track Q1 earnings, technical levels and global developments for further market direction.

The Economic Times

Indian Bank aims to recover Rs 5,500 from bad loans during FY27: MD Binod Kumar

Indian Bank aims for Rs 5,500 crore bad loan recovery this financial year. The bank has already collected USD 140 million in foreign currency deposits. It plans to raise USD 2 billion in FCNR(B) deposits by September. Current Account and Savings Account deposits saw robust growth of 15.3 percent. Indian…

The Economic Times

Indian Bank Q1 Results: Standalone net profit rises 10% YoY to Rs 3,273 crore; shares zoom 10%

Indian Bank reported a standalone net profit of Rs 3,273 crore for Q1 FY27, up more than 10% year-on-year, while net interest income rose nearly 17%. The PSU lender also posted improved asset quality and higher advances, prompting its shares to surge around 10% after the earnings announcement.

The Economic Times

Stocks in news: Hero MotoCorp, Canara Bank, Bharti Airtel, Indian Hotels, SBI

Indian markets opened positively, with analysts suggesting a stock-specific strategy amidst consolidation. Hero MotoCorp sees a revival in commuter bike demand, planning capacity expansion. Canara Bank and Indian Bank reported strong credit growth. Bharti Airtel's NBFC arm has begun operations, while Indian Hotels plans significant capital expenditure. SBI launched AI-powered…

The Economic Times

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Canara Bank, Bank of Baroda, Indian Bank pay Rs 7,023 cr dividend to govt for FY26

Three public sector banks, Canara Bank, Bank of Baroda, and Indian Bank, collectively disbursed Rs 7,023 crore in dividends to the government for the 2025-26 fiscal year. Canara Bank contributed Rs 2,397 crore, BoB Rs 2,811 crore, and Indian Bank Rs 1,815.05 crore. These payouts underscore the banks' robust financial…

The Economic Times

5-year Senior citizen FD interest rates up to 8.05%: SBI vs PNB vs HDFC Bank vs other banks

Senior citizens seeking secure investments are finding attractive options in fixed deposits, especially for 5-year tenures. Small finance banks are leading the pack, with Suryoday SFB and Jana Small Finance Bank offering a compelling 8.05% interest rate for senior citizens. This competitive landscape ensures older investors can secure stable, higher…

The Economic Times

Highest 555-day FD interest rates: Banks are offering up to 7.25% interest rate on special fixed deposit

FD interest rates: Special fixed deposits with a 555-day tenure are drawing investor attention. Banks like City Union Bank and Karnataka Bank are offering competitive interest rates. Bank of Baroda has also introduced a new 555-day deposit scheme with attractive rates for all customer categories. Investors can explore these options…

The Economic Times

Eight public sector banks add 13,223 employees in FY26; SBI leads hiring spree

Eight public sector banks, including SBI, collectively added 13,223 employees in FY26, boosting their total workforce to over 6.28 lakh. State Bank of India led the hiring surge, accounting for nearly 67% of the new positions. This expansion occurs despite digitalization, indicating a continued reliance on human resources for growth…

The Economic Times

India banks could raise $35-$40 billion via RBI's foreign currency deposit scheme, PNB CEO Ashok Chandra says

Indian banks anticipate raising up to $40 billion through foreign currency deposits. The Reserve Bank of India is backing a new scheme to attract dollar inflows. This initiative aims to strengthen the rupee. Banks will offer attractive interest rates to overseas customers. Punjab National Bank plans to raise $3 billion…

The Economic Times

10 lowest floating vs fixed home loan interest rates: PNB, ICICI Bank, Bank of Baroda and more

Home loan interest rates: Choosing a home loan involves comparing floating and fixed interest rates. Floating rates can decrease but also increase with RBI policy. Fixed rates offer stable EMIs, which can be beneficial as income grows. ET Wealth Online presents the 10 lowest fixed and floating home loan rates…

The Economic Times

Highest 3-year FD interest rates for senior citizens: These banks offer 8% interest rate on fixed deposits

Senior citizens seeking higher returns on their retirement savings can explore 3-year Fixed Deposit options. Small finance banks like Jana and Utkarsh lead with 8% interest, while private banks such as Bandhan and YES Bank offer up to 7.75%. Public sector banks, including Bank of India and Standard Chartered, provide…

The Economic Times

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The Economic Times

Better recoveries, low slippages pull down PSU banks write-offs to multi-year lows in FY26

Public sector banks in India saw loan write-offs fall to multi-year lows in fiscal year 2025-26. This positive trend is attributed to fewer new bad loans and better recovery of existing ones. Banks like Bank of Baroda and Punjab National Bank reported their lowest write-offs in years. This signifies a…

The Economic Times

Indian banks remain stable despite margin pressure after RBI rate cut: Report

Indian banks are financially stable. Bad loans are under control. Profit margins face pressure from recent interest rate cuts. Banks are focusing on low-cost deposits. The West Asia conflict poses potential future risks. Banks are preparing for new credit loss frameworks. Overall, the banking sector shows resilience.

The Economic Times

MSCI rejig: MCX, Indian Bank included, but RVNL, Kalyan Jewellers out

MSCI’s May 2026 index rejig kept India’s overall representation in the MSCI Standard Index unchanged at 165 stocks, even as four companies, including MCX and Indian Bank, were added and four others, such as Rail Vikas Nigam Limited and Kalyan Jewellers, were removed. The changes will take effect after market…

Dynamite News

CBI arrests Indian bank panel advocate in Kolhapur for accepting Rs 1.70 Lakh bribe

The advocate had initially demanded a bribe of Rs2.5 lakh, which was later negotiated down to Rs1.70 lakh, in exchange for deferring the possession of a mortgaged property under the SARFAESI Act. Read further on Dynamite News:

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The Times of India

RBI imposes penalty on SBI, Indian Bank, Punjab & Sind Bank

MUMBAI: The Reserve Bank on Monday said it has imposed penalties on three state-owned banks, including SBI and Indian Bank, for violation of various regulatory norms.

The Times of India

Tamil Nadu: Customer sues bank over deceased son’s education loan, gets Rs 55k compensation

CUDDALORE: A bank that demanded repayment Rs 21 lakh education loan from a man, even after his son’s death, has been ordered to pay Rs 55,000 as compensation for ‘deficiency of banking service.’

The Hindu

Income Tax hoopsters take home the PSG Trophy

Income Tax (Chennai) edged past Indian Army (New Delhi) 75-71 in the 57th PSG Trophy all-India basketball tournament for men. Indian Bank (Chennai) won 3rd place, beating Indian Navy (Lonavala) 79-72. Income Tax's Arvind Muthukrishnan & Aravind Annadurai shone, while Indian Army's Y.P. Abhishek, Siva Saktivel & Sahil fought hard.…

The Hindu

Madras HC directs nationalised bank to return ₹55.50 lakh with 9% interest from 2012 to an auction purchaser of a residential house

Madras HC orders Indian Bank to refund ₹55.50 lakh, with 9% interest, to auction purchaser of house since he couldn't take possession due to it being on a water body. Bank criticised for not handing over property free of encumbrances & making purchaser run for refund. Judges agree petitioner suffered…

The Times of India

Sabir Pasha in line for India TD job after leaving CFC

CHENNAI: Syed Sabir Pasha, who parted ways with Chennaiyin FC on Wednesday after an eight-year stint as assistant coach, may join the All India Football Federation (AIFF) as technical director for the senior men's team. But it all depends whether the former India forward gets the necessary clearance from his…

The Times of India

Tamil Nadu: CBI court sentences deceased bank chairman, directors to 3 year jail in 30-year-old case

CHENNAI: A Special court for CBI cases in Chennai sentenced the deceased former Chairman and Managing Director of Indian Overseas Bank and Kiran Overseas Bank along with its directors to three years imprisonment for misappropriation of bank funds and causing financial risk to Indian Bank.

The Times of India

Tamil Nadu: CBI court gives 3 year prison time for 30-year-old case

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