The bank has said it has provided a sum of Rs 129.97 crore as on December 31 last year for the loans to seven domestic borrowers and $5.289 million for the amount lent to the foreign borrower.
For the banks that got merged, - account number, IFSC, MICR code, branch address, cheque-book, passbooks will also undergo a change to represent the new entity.
The accused Prabhakar was in jail for over a month and the court overruled the objection of the public prosecutor that investigation into the case was still under progress
"We affirmed the ratings because we expect Indian Bank to be able to absorb a moderate deterioration in its asset quality over the next 12 months and benefit from faster-than-expected economic recovery in India," said S&P.
"Banks have been able to raise a lot of money from the markets. About Rs 40,000 crores have been raised by the public sector banks both in the form equity and also AT1 and Tier II bonds.
Hyderabad: The city unit of the Central Bureau of Investigation (CBI) booked a case against Kasukurthi Constructions Private Limited and its directors for allegedly...
Customers and branch managers participated in the campaign
Indian Bank's managing director and chief executive Padmaja Chunduru termed the monetary policy committee's call as “pragmatic” as the accommodative stance has been maintained.
He also referred to two South Indian banks as pioneers of the industry.
Recently, Heritage Foods has signed a MoU with SBI Maharashtra circle at Baramati to facilitate cattle loans to milk producers.
In Telangana, the bank has a network of 121 branches with an overall business of Rs17,000 crore as on March 31
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