Indian Bank surges on the BSE

Indian Overseas Bank

Indian Bank is currently trading at Rs. 296.10, up by 3.50 points or 1.20% from its previous closing of Rs. 292.60 on the BSE. The scrip opened at Rs. 293.05 and has touched a high and low of Rs. 300.00 and Rs. 293.05 respectively. So far 161239 shares were traded on the counter. The BSE … Read more

Bank of India reports 20% fall in Q2 consolidated net profit

Bank of India

Bank of India has reported results for second quarter ended September 30, 2022. The bank has reported fall of 8.66% in its net profit at Rs 960.00 crore for Q2FY23 as compared to Rs 1,050.98 crore for the corresponding quarter previous year. However, total income of the bank increased by 10.77% to Rs 12,914.72 crore … Read more

Indian Bank shines on partnering with Edelweiss

indian bank surges on signing mou with muthoot microfinance

Indian Bank is currently trading at Rs. 147.70, up by 3.65 points or 2.53% from its previous closing of Rs. 144.05 on the BSE. The scrip opened at Rs. 146.75 and has touched a high and low of Rs. 148.75 and Rs. 144.95 respectively. So far 61348 shares were traded on the counter. The BSE … Read more

Indian Bank launches ‘MSME Prerana’ programme in Odisha

indian bank surges on signing mou with muthoot microfinance

Indian Bank has launched ‘MSME Prerana’, an online business- mentoring programme for MSME’s in Odisha. Developed in collaboration with Knowledge Partner, Poornatha & Co, the programme to be delivered in the local language, is aimed at empowering MSME entrepreneurs by improving their managerial and financial skills through web-based training spread over 12 sessions. Indian Bank … Read more

Indian Bank receives approval of Alternative Mechanism for amalgamation

indian bank surges on signing mou with muthoot microfinance

Government of India, Ministry of Finance, Department of Financial Services has advised that the Alternative Mechanism (AM) has accorded its in-principle approval to the proposed amalgamation of Allahabad Bank into Indian Bank with Indian Bank as the transferee bank and Allahabad Bank as transferor bank. Indian Bank was established as a part of the Swadeshi … Read more