Indian Bank to restructure Rs 1,157 crore loans in first quarter

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

17 May 2012 Evaluate

State run Indian Bank is likely to restructure Rs 1,157 crore worth of loan during the first quarter of the current year. The bank is going to restructure loans given to the Rajasthan Electricity Board. The bank’s restructured loans increased by Rs 3,330 crore to Rs 8,902 crore during last quarter of 2011-12.

It has restructured loans worth Rs 800 crore given to Air India and Rs 1,200 crore to various companies in the power sector. Banks gross non- performing assets rose to Rs 1,851 crore, or 2% of advances, despite restructuring loans worth Rs 3,330 crore.

Peers

Company Name	CMP
State Bank Of India	987.20
PNB	116.75
Bank Of Baroda	232.50
Canara Bank	123.45
Union Bank Of India	177.90
View more..

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
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.