MoneyWorks4Me

Indian Bank's employees may go on strike on December 18

17 Dec 2013 Evaluate

Indian Bank’s employees may participate in one day nation-wide strike given by the UFBU on December 18, 2013. If the strike materializes, a section of the Bank's employees may take part in the proposed strike on the said date, in such case the normal functioning of the branches / offices of the Bank may get affected.

The bank reported a fall of 38.44% in its net profit at Rs 305.76 crore for the quarter ended September 30, 2013 as compared to Rs 496.68 crore for the same quarter in the previous year. However, total income of the bank increased by 8.06% at Rs 4078.24 crore for quarter under review as compared to Rs 3773.75 crore for the quarter ended September 30, 2012. 

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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