The RBI has also imposed a penalty of Rs 8.80 lakh on Fedbank Financial Services Limited for non-compliance with certain provisions of the directions on monitoring fraud in NBFCs.
The bank's Managing Director and CEO S L Jain launched the initiative at their corporate office.
Public sector Indian Bank has unveiled its IB-eNote facility, aimed at providing a paperless working environment and to improve the turnaround time considerably.
State-run Indian Bank on Thursday said it has launched three emergency credit facilities for the agriculture sector which has been affected by the nationwide lockdown on account of Covid-19.
Amidst the coronavirus outbreak, state-run Indian Bank on Wednesday announced an additional funding facility for large corporates, MSME, retail customers, pensioners and self-help groups (SHGs).
The government on Monday said no decision has been taken to discontinue printing of Rs 2,000 banknotes, and state-owned SBI and Indian Bank are reconfiguring ATMs for Rs 500 and Rs 200 notes.
Customers will no longer be able to withdraw Rs 2,000 currency notes from Indian Bank ATMs as the bank has decided to load more of 200 rupee notes in its machines. The bank from March 1, 2020, stopped loading and dispensation of Rs 2,000 notes in its ATMs
Indian Bank will not dispense Rs 2,000 notes anymore. The public-sector entity has cited customer preferences as a reason for the move. Infact, the bank said it would load more of Rs 200 notes. According to RBI data, Indian Bank had nearly 4,000 ATMs across India as of December 2019.
City-based Indian Bank has decided to load more of 200 rupee notes and stop loading and dispensation of Rs 2,000 notes in its ATMs as a customer-friendly move, a senior official told IANS on Saturday.
Last week, the government announced consolidation of 10 public sector banks into four mega state-owned lenders, including merger of Allahabad Bank with Indian Bank.
Around half a dozen armed criminals held the manager and other staff of a branch of the Indian Bank in Sheikhpura captive and fled with Rs 22.67 lakh.
Nagarjuna's Annapurna Studio ( also popular as '7 acres') in Jubilee Hills was seized by authorities of Andhra Bank and Indian Bank on Saturday due to non repayment of loan of Rs 62 crore. The
New Delhi: Inmates of Delhi's high-security Tihar jail will soon get life and accidental insurance cover as the prison administration, in collaboration with Indian Bank, has decided to get their accounts opened under the Jan
Chennai: Former Indian Bank Chairman and Managing Director M Gopalakrishnan and six other former top bank officials were yesterday sentenced to one year rigorous imprisonment by a CBI court here for allegedly causing a loss
New Delhi, Apr 15: The Supreme Court today directed three public sector banks - Punjab National Bank, Indian Bank and Union Bank of India - to deposit within 15 days Rs 400 crores with the
Mumbai, Jun 1: Global rating agency Fitch today downgraded state-run Indian Bank credit outlook to negative from stable.It, however, affirmed the Chennai-based bank's national long-term rating at AA+ with a stable outlook and national short-term
Chennai, Jul 12: Public sector Indian bank has entered into an agreement with SBI Mutual Fund to sell its products.The agreement was signed between SBI Mutual Fund and Indian Bank at a function held today,
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