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Residents of Mancherial, who gave away their lands for the establishment of the Mancherial Cement Company (MCC) in 1958, have expressed concern over the proposed auctioning of the plant’s assets by Indian Bank on January 12. The auction follows MCC’s failure to repay a Rs 54 crore loan.

Mancherial Cement Company, one of South India’s oldest cement manufacturers, is set for auction to repay Rs 54.04 crore in debts. Production halted, staff unpaid, and legal battles unresolved, marking the end of the 67-year-old industrial landmark

Indian Bank donated Rs 38 lakh to Tirumala Tirupati Devasthanams for installing a security luggage scanner at the Alipiri check post, aimed at enhancing safety and security for pilgrims entering Tirumala.

The Hyderabad outreach camp was presided by Shiv Bajrang Singh, Executive Director, Corporate Office, Chennai. Speaking on the occasion, Shiv Bajrang Singh appreciated SHG members for 100 percent repayment.

The scheme offers an additional 0.65 per cent interest above the standard fixed deposit rates

G. Rajeswara Reddy, the FGM of Indian Bank in Hyderabad, inaugurated the program and encouraged customers and the public to accept Rs. 10 coins as legal tender, urging them to spread this message throughout the state.

Indian Bank's walkathon on Tuesday highlighted its "Retail Deposit Campaign 118." The initiative, running from July 18 to August 13, aims to open 118 new accounts to match with the 118th year of Bank’s foundation day on August 15.

This is the second such facility set up by Indian Bank in Hyderabad City with the purpose to process retail loans.

Under its Project WAVE initiative, the city-headquartered bank has redesigned critical banking processes and has launched 'home loan takeover' to offer customers the benefit of best pricing, apart from vehicle loans, among many others.

A penalty of Rs 1.3 crore was imposed on State Bank of India (SBI), Rs 1.62 crore on Indian Bank, Rs 1 crore on Punjab & Sind Bank, and Rs 8.80 lakh on Fedbank Financial Services, the RBI said

the Ministry of Defence suspended apparel and bulletproof jackets manufacturer Adigear International from doing any business with the armed forces.

KTR asks banking fraternity to not invoke the provisions of Sarfesi Act. Asks them to conduct techno-economic viability study of units and try to rescue them

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.

Sebi’s move to better regulate market discipline in the issue of AT-1 bonds will lead to informed investment decisions

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 CBS integration was taken up over the weekend of February 13 and 14 and successfully completed in time

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 cheating Indian Bank (erstwhile Allahabad Bank) to the tune of Rs 137,36,47,228. According to CBI FIR, the company represented by its Managing Director K Jagan Mohan Rao and directors, availed loans […]