Latest News on Indian Bank
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Indian Bank - Total results - 88
Feb 19, 2018
Nirav Modi defrauding PNB highlights the rot in India's public sector banking system, say expertsLast month, Punjab National Bank, known as PNB, filed an initial criminal complaint with the country’s Central Bureau of Investigation (CBI) accusing celebrity jeweller Nirav Modi and others of defrauding the bank and causing it a loss of 2.8 billion Indian rupees (more than $43 million).
Feb 16, 2018
PNB fraud: Banks will have to be equipped with better risk management tools as NPAs pile-upFraud typology is roughly the same across countries. But where India is probably way behind is in the preparedness of banks in fraud risk management.
Feb 15, 2018
Bad loan mess: New RBI rules stoke fears of more NPAs tumbling out of the closetUnder the new process, the RBI requires banks to figure out plans to resolve debts of defaulters with 20 billion rupees ($311 million) or more in outstanding debt by 1 September, or take them to bankruptcy court.
Jan 16, 2018
Book review: How PSU banks were in denial mode on NPAs and how RBI cushioned impact of 2008 economic crisisIn June last year, the RBI referred 12 accounts, totalling about 25 percent of the gross NPAs, for resolution under the new Insolvency and Bankruptcy Code
Dec 15, 2017
FRDI Bill: Deposit holders have always faced a certain level of risk, but that is how banking system worksOnly logical way to assess issue of deposits is to see if depositors are going to be worse off with FRDI Bill in picture.
Dec 07, 2017
FRDI Bill depositor friendly, provides more protection, says finance ministryThe FRDI Bill will "strengthen" the system by adding a comprehensive resolution regime which will help ensure that, in the rare event of failure of a financial service provider, "there is a system of quick, orderly and efficient resolution in favour of depositors", the finance ministry statement said
Nov 06, 2017
Indian Bank July-September quarter net profit up 11.5% at Rs 452 cr as bad loans shrinkIndian Bank improved on its asset quality with the gross NPAs coming down to 6.67% of the gross advances as on end-September 2017, as against 7.28% by September 2016
Oct 11, 2017
IMF says weak banks, corporates leave India vulnerable to tightening in global financial conditionsIMF said a combination of weak banks and corporates leaves India vulnerable to a tightening in the global financial conditions
Aug 17, 2017
Not just fuel, you may soon get to buy medicines, groceries and LED lights from petrol pumpsIn the first phase, the distribution will commence from the states of Uttar Pradesh and Maharashtra.
Jul 27, 2017
Moody’s poll: Indian banks most at risk among Southeast Asia peersIndian banks are most at risk in South and South-East Asia.