Government to infuse Rs 280 crore in Indian Bank

Indian Bank | Bank - Public | BFSI | BSE: 532814 | NSE: INDIANB

10 Feb 2015 Evaluate

Government of India (GoI) has decided to infuse capital funds to the tune of Rs 280 crore in the Indian Bank by way of preferential allotment of equity in favour of the GoI. The Bank is taking all necessary steps / approvals in this regard.

Recently, the bank reported a rise of 4.92% in its net profit at Rs 277.52 crore for the quarter under review as compared to Rs 264.5 crore for the same quarter in the previous year. Total income of the bank increased 5.09 % at Rs 4321.46 crore for Q3FY15 as compared Rs 4112.33 crore for the corresponding quarter previous year.

Peers

Company Name	CMP
State Bank Of India	984.50
PNB	116.80
Bank Of Baroda	232.40
Canara Bank	123.90
Union Bank Of India	177.45
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.