INDIAN BANK TO DIVEST STAKE IN ASREC

HIGHLIGHTS

• Indian Bank wishes to divest its stake in ASREC (India).
• Other shareholders in ASREC include Deutsche Bank, Bank of India, LIC of India, and Union Bank of India.
• ASREC has acquired many NPAs from these banks.

Re...

3 NPA WORTH OVER RS 35 TEN-MILLION REPORTED AS FRAUD TO RBI

HIGHLIGHTS

• Indian Bank has reported three accounts as fraud to the RBI.
• The worth of these accounts is over Rs 35 ten-million.

Indian Bank has reported three accounts as fraud to the Reserve Bank Of India (RBI). The worth of these ac...

DEFAMED CHINESE FIRMS UNDER SCANNER BY I-T SLEUTHS FOR MONEY LAUNDERING

• The income tax department found that over 40 bank accounts were made through mock units.
• The tax department found the shady deals linked to money laundering involving bank employees and chartered accountants.

The income tax department on Tuesday stepped up a f...

NO MORE Rs. 2000 NOTES FROM INDIAN BANK ATMs

Highlights:

• Indian Bank will no longer load Rs. 2000 notes in its ATMs.
• The Rs. 2000 denomination notes left in ATMs after March 1 will be taken out.
• The PSB will load more Rs. 200 notes in the ATMs.

Indian Bank, a PSB, wi...

India in every case more essential to the world economy than Malaysia, the Philippines regardless of whether action eases back to agonizingly slow clip

India's economy lost its sheen this year.  Once in a while has a significant economy had such a lowering turn in fortunes? In the second from last quarter, total national output rose 4.5% from a year sooner, about a large portion of the pace indented in the initial segment of 2018. Purch...