INDIANB

April 1 (Reuters) - Indian Bank INBA.NS:

• GROSS ADVANCES UP 13.6% Y/Y AS OF MARCH-END

• TOTAL DEPOSITS AS OF MARCH 31, 2026, UP 12.6% YOY

Source text: ID:nBSE6tV896

Further company coverage: INBA.NS

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MUMBAI, March 23 (Reuters) - Indian Bank INBA.NS has accepted bids worth 50 billion rupees ($532.3 million) for sale of infrastructure bonds maturing in 10 years, three bankers said on Monday.

The state-run lender will pay an annual coupon of 7.15% on this issue and had invited coupon and commitment bids earlier in the day, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on March 23:

*Size includes base plus greenshoe for some issues

($1 = 93.9300 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

((Dharamraj.dhutia@tr.com))

By Dharamraj Dhutia

MUMBAI, March 20 (Reuters) - Indian Bank INBA.NS is turning to longer-duration bond funding as it seeks to support stronger credit growth and capital needs, with weak deposit traction and a spike in bulk deposit rates squeezing its funding mix, MD and CEO Binod Kumar told Reuters.

The state-run lender will issue seven-year infrastructure bonds worth 50 billion rupees ($537.25 million) next week and has already held discussions with long-term investors, including the Employee Provident Fund Organisation, which has been an active buyer in recent bank bond issuances.

Reuters reported on Wednesday that the bank is likely to launch a seven-year or 10-year infrastructure bond sale before the end of March.

"Credit growth will pick up in the last month of the financial year, so instead of going for certificates of deposit that are very expensive at the moment, we decided to take the infra bond route," Kumar said on Thursday.

Indian Bank expects the cutoff yield for its upcoming bond issue to be in the 7.11% to 7.24% range.

Earlier in the week, the lender raised three-month funding at 7.23%, about 28 basis points higher than levels at the start of the month, underscoring rising funding costs.

This will mark the bank's first bond market issuance in more than 17 months. In October 2024, it raised 50 billion rupees via 10-year infrastructure bonds at a 7.12% coupon. The bank currently has 100 billion rupees of such bonds outstanding.

The planned issuance follows a broader pickup in infrastructure bond fundraising, with Union Bank of India set to raise 75 billion rupees through 10-year bonds later in the day.

Earlier in the month, Bank of Baroda raised 100 billion rupees through seven-year bonds at 7.10%, with the issue witnessing aggressive bids.

($1 = 93.0670 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)

((Dharamraj.Dhutia@thomsonreuters.com;))

By Dharamraj Dhutia and Khushi Malhotra

MUMBAI, March 18 (Reuters) - Indian Bank INBA.NS and National Bank for Financing Infrastructure and Development plan to raise a combined 80 billion rupees ($864.10 million) from the corporate bond market by March, two bankers with knowledge of the matter said on Wednesday.

Indian Bank is set to raise 50 billion rupees through seven- or 10-year infrastructure bonds, while NaBFID plans to raise about 30 billion rupees through 10-year notes, the bankers said.

"Both the entities are targeting to complete the fundraising as early as possible in the next week, and have already tied up with some investors," one of the bankers said.

The bankers requested anonymity as they are not authorised to speak to the media. Indian Bank and NaBFID did not reply to a Reuters email seeking comment.

This would be the first time Indian Bank will tap the bond market in nearly 18 months. In October 2024, the lender had raised 50 billion rupees through 10-year infrastructure bonds at 7.12% coupon.

The issuance follows a pickup in infrastructure bond fundraising, with Union Bank of India set to raise 75 billion rupees through 10-year bonds on Friday.

Earlier in the month, Bank of Baroda raised 100 billion rupees through seven-year bonds at 7.10%, and the issue witnessed aggressive bids from large state-run provident fund house.

"Strong domestic liquidity and institutional demand mean that high-quality banks and PSU issuers still find access to funding, albeit at slightly higher coupons," Harit Oberoi, head of fixed income at Motilal Oswal Wealth Management.

Meanwhile, NaBFID had raised around 25 billion rupees through 10-year bonds at 7.45% coupon, followed by withdrawal of its first ever three-year bond issue, after bids came in higher than expected.

($1 = 92.5820 Indian rupees)

(Reporting by Dharamraj Lalit Dhutia; Editing by Nivedita Bhattacharjee)

((DharamrajLalit.Dhutia@thomsonreuters.com;))

Feb 24 (Reuters) - A2z Infra Engineering Ltd A2ZI.NS:

• SIGNS ONE-TIME SETTLEMENT WITH INDIAN BANK

• DEBT SETTLEMENT OF 1.42 BILLION RUPEES FOR CONSIDERATION OF 500 MILLION RUPEES

Source text: ID:nBSE2FdWlR

Further company coverage: A2ZI.NS

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Corrects dateline to February 16

By Sudarshan Varadhan, Gopika Gopakumar and Jatindra Dash

SINGAPORE/MUMBAI/BHUBANESWAR, India, Feb 16 (Reuters) - Indian Prime Minister Narendra Modi's push to accelerate the rollout of rooftop solar power is falling short of targets despite heavy subsidies due to loan delays and limited support from state utilities, vendors and analysts say.

The shortfalls represent the latest challenge to India's efforts to nearly double clean energy capacity to 500 gigawatts by 2030, and come as the government plans to suspend clean energy tendering targets amid a mounting backlog of awarded projects yet to be built.

Challenges to plans to increase solar uptake may mean India maintains its reliance on coal-fired power.

India's Ministry for New and Renewable Energy created its subsidy programme for residential solar panel installations in February 2024, covering up to 40% of the costs.

But residential installations at 2.36 million are well below the ministry's target of 4 million by March, according to data from the programme's website.

"Banks' reluctance to lend and states' hesitance to promote the schemes could derail India's efforts to transition away from coal," said Shreya Jai, the lead energy analyst at research firm Climate Trends in New Delhi.

Roughly three in five rooftop solar applications filed on the scheme's website are yet to be approved while about 7% have been rejected, according to government data on the programme, known as the PM Surya Ghar.

In a statement to Reuters about the pending applications, the renewable energy ministry pointed to accelerating installations which have benefited over 3 million households, and said the scheme enables state-owned utilities to reduce subsidy payouts to keep residential power bills in check.

"The loan rejection rate varies across states," the statement said.

Under PM Surya Ghar, consumers apply and select a vendor who handles paperwork and arranges bank financing for solar panels. After loan approval and installation, the vendor submits proof, after which the government subsidy is credited to the bank.

BANK DELAYS

However, banks have been rejecting or delaying loans for numerous reasons including lack of documentation, which they say is necessary to protect public funds.

"We are working with the government to push for some standard documentation, because it is necessary to avoid bad loans. Currently if loans go bad, banks can take away these panels but what will we do with these panels?" said a senior official at a major government-owned bank.

Chamrulal Mishra, a solar vendor in the eastern Indian state of Odisha, said applications are often rejected because the customer has missed electricity payments or because land records are still in the name of deceased relatives.

Residents there dispute the claims that they have missed payments, which they attribute to administrative errors after a change in utility ownership decades prior.

A spokesperson for India's Department of Financial Services, which regulates the country's banks, said they have responded to consumer feedback to allow co-applicants for loans to clear up title claims and the simplification of documentation requirements.

The Renewable Energy Association of Rajasthan said some banks are making collateral demands for loans under 200,000 Indian rupees ($2,208.87), despite scheme guidelines not requiring them to, which is constraining solar power additions.

State Bank of India and Punjab National Bank, some of the country's largest lenders, did not reply to requests for comment on the matter.

State-owned utilities are also not promoting rooftop solar as much, as they are concerned about the loss of revenue as sales move off the electric grid.

"Wealthier households typically have high electricity consumption, tariffs and reliable roof access. When they shift from the grid, it leaves a larger financial burden," said Niteesh Shanbog, an analyst at Rystad Energy.

($1 = 90.5440 Indian rupees)

(Reporting by Sudarshan Varadhan in Singapore, Gopika Gopakumar in Mumbai and Jatindra Dash in Bhubaneswar; Additional reporting by Saurabh Sharma and Sethuraman NR in New Delhi, and Jose Devasia in Kochi; Editing by Christian Schmollinger)

((sudarshan.varadhan@thomsonreuters.com; +65 91164984;))

Feb 2 (Reuters) - Indian Bank INBA.NS:

• INDIAN BANK - 1 YEAR MCLR UNCHANGED AT 8.75%

Source text: ID:nNSEbBxHtN

Further company coverage: INBA.NS

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Jan 22 (Reuters) - Indian Bank INBA.NS:

• DOMESTIC NIM FOR DEC-QUARTER STOOD AT 3.4%

Source text: ID:nnAZN4S2MYD

Further company coverage: INBA.NS

((Reutersbriefs@thomsonreuters.com;))

** India's bank stock .NSEBANK sub-index rises 0.74% to a record high of 60,152.35; set for fourth straight day of gains

** Thirteen of the 14 stocks in the index trade higher; Axis Bank AXBK.NS slips 0.1%

** HDFC Bank HDBK.NS and ICICI Bank ICBK.NS rise 0.7% and 0.9%, respectively; top contributors to sectoral index's gains

** "Loan growth is recovering as banks across segments —public, private (large, mid-tier, regional) and SFBs (small finance banks) — are confident in their strengthened balance sheets and actively pursuing expansion," Kotak Institutional Equities said in a note on December 31

** Banks' asset quality is set to improve to a multi-decade high as per a recent RBI report

** Private banks index .NIFPVTBNK and PSU banks .NIFTYPSU rise 0.6% and 1%, respectively, to hit lifetime highs

** Indian Bank INBA.NS, South Indian Bank SIBK.NS, and Punjab & Sind Bank PUNA.NS rise 3%-4% after quarterly business updates

(Reporting by Vivek Kumar M)

((VivekKumar.M@thomsonreuters.com;))

Jan 1 (Reuters) - Indian Bank INBA.NS:

• GROSS ADVANCES AS OF DEC-END UP 14.5% Y/Y

• TOTAL DEPOSITS AS OF DEC-END UP 12.5% Y/Y

Further company coverage: INBA.NS

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Dec 31 (Reuters) - Indian Bank INBA.NS:

• ONE YEAR MCLR REVISED TO 8.75% FROM 8.80%

Source text: ID:nBSE8LqvSH

Further company coverage: INBA.NS

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Oct 31 (Reuters) - Indian Bank INBA.NS:

• INDIAN BANK - RETAINS ONE-YEAR MCLR AT 8.85%

Source text: ID:nNSE4kdJNv

Further company coverage: INBA.NS

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Oct 1 (Reuters) - Indian Bank INBA.NS:

• INDIAN BANK - TOTAL DEPOSITS AS OF SEPT END UP 12.0% YOY

• INDIAN BANK - GROSS ADVANCES AS OF SEPT END UP 12.9% YOY

Source text: ID:nNSE5FWTQs

Further company coverage: INBA.NS

(Reuters.Briefs@thomsonreuters.com)

** Indian Bank INBA.NS rises 3.68% to 720.25 rupees

** Motilal Oswal raises PT to 800 rupees from 750 rupees; maintains "buy"

** Says co offers combination of superior asset quality, steady double-digit loan growth, consistent return-on-asset above its own guidance

** Expects loan growth from FY25-FY28 at CAGR of 10%, slippages to stay below 1% of loans, supported by robust recoveries, strong underwriting

** Adds bank stands out as its preferred pick among mid-sized public sector banks, offering both defensive stability, structural growth

** YTD, INBA gains ~36%

(Reporting by Ananta Agarwal in Bengaluru)

((Ananta.Agarwal@thomsonreuters.com))

** Shares of Indian Bank INBA.NS climb 3.1% to 643.7 rupees

** Stock among top gainers in state-owned banks index .NIFTYPSU

** INBA reports ~24% rise in Q1 profit, helped by a sharp fall in provisions

** Gross bad loan ratio improves to 3.01% from 3.09% last quarter and 3.77% last year

** Over 3 mln shares traded, 1.5x the 30-day avg volume

** INBA rated "buy" on average, like most other public sector banks - data compiled by LSEG

** Stock up ~22% YTD, top gainer on public sector banks index .NIFTYPSU, which is up 8.5% this year

(Reporting by Nandan Mandayam in Bengaluru)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))

July 2 (Reuters) - Indian Bank INBA.NS:

• INDIAN BANK - PROVISIONAL GROSS ADVANCES AS ON JUNE 30 UP 11.3% Y/Y

• INDIAN BANK - PROVISIONAL TOTAL DEPOSITS UP 9.3% AS OF JUNE 30

Source text: ID:nBSE62GhNY

Further company coverage: INBA.NS

((Reuters.Briefs@thomsonreuters.com;;))

** Shares of state-run Indian Bank INBA.NS rise as much as 4% to 580.55 rupees

** INBA on Saturday reported ~32% Y/Y rise in Q4 net profit; interest earned rose 8.4% Y/Y

** Gross NPA improves to 3.09% from 3.26% in Q3

** Stock on track to snap three straight sessions of loss, if trend holds

** More than 2.8 mln shares change hands, 2.6x 30-day avg

** Avg rating of nine analysts equivalent of "buy", median PT is 675 rupees - data compiled by LSEG

** Stock last up 3.9%, taking YTD gains to 9.4%

(Reporting by Ashish Chandra in Bengaluru)

((ashish.chandra@thomsonreuters.com (+91 7982114624))

April 24 (Reuters) - Indian Bank INBA.NS:

• INDIAN BANK - TO CONSIDER A PROPOSAL REGARDING CAPITAL RAISING

Source text: ID:nBSE4NrD9

Further company coverage: INBA.NS

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Indian Bank INBA.NS:

• INDIAN BANK - TOTAL DEPOSITS GREW 5.0% Q-O-Q AS AT MARCH END

• INDIAN BANK - ADVANCES GREW 5.2% Q-O-Q AS AT MARCH END

Source text: ID:nNSE6JdQ1W

Further company coverage: INBA.NS

March 20 (Reuters) - Indian Bank INBA.NS:

• INDIAN BANK - APPROVES RAISING ADDITIONAL INFRASTRUCTURE BONDS UP TO 50 BILLION RUPEES

Source text: ID:nBSEKX3m7

Further company coverage: INBA.NS

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March 14 (Reuters) - Indian Bank INBA.NS:

• INDIAN BANK - BOARD TO MEET ON MARCH 20 TO CONSIDER FUND RAISING PLAN

Source text: ID:nBSE4J3VVl

Further company coverage: INBA.NS

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Feb 19 (Reuters) - Indian Bank INBA.NS:

• INDIA ENFORCEMENT DIRECTORATE RESTORES IMMOVABLE PROPERTIES WORTH 2.35 BILLION RUPEES TO INDIAN BANK

• INDIA'S ED RESTORES IMMOVABLE PROPERTIES TO INDIAN BANK REGARDING MONEY LAUNDERING CASE OF SARAVANA STORES

Source text: [ID:]

Further company coverage: INBA.NS

((Reuters.Briefs@thomsonreuters.com;;))

Jan 29 (Reuters) - Indian Bank INBA.NS:

• Q3 NET PROFIT 28.52 BILLION RUPEES

• Q3 GROSS NPA 3.26%

• Q3 INTEREST EARNED 157.59 BILLION RUPEES

• Q3 PROVISIONS AND CONTINGENCIES 10.59 BILLION RUPEES

Further company coverage: INBA.NS

((Reuters.Briefs@thomsonreuters.com;))

By Siddhi Nayak

MUMBAI, Jan 20 (Reuters) - The stock prices of Indian private lenders that have reported an increase in bad loans in their personal loans and micro-credit businesses are bearing the brunt of investors' fears of a U-turn in the asset-quality cycle for the country's banks.

RBL Bank's shares RATB.NS fell as much as 5.8% on Monday after the lender reported a near 28% sequential jump in quarterly slippages, or loans that were classified as non-performing for the first time.

Axis Bank AXBK.NS, India's third-largest private bank, forecast retail asset quality would take a few more quarters to normalise. Its stock sank 4.5% on Friday and dropped a further 1.1% on Monday.

Kotak Mahindra Bank KTKM.NS, however, gained 9% after reporting lower slippages than the previous quarter, although it also warned that the stress in parts of its loan book would persist.

Indian banks are grappling with rising bad loans, particularly in sectors such as microfinance, credit cards and personal loans. Analysts have attributed this to over-leveraging and an increase in loans outstanding per borrower.

The rise in delinquencies has forced lenders to allocate more funds for potential losses and pare back loan growth in these segments, which, in turn, hurts profitability.

"The sign of stress that is visible across microfinance and unsecured loans is a mild symptom of a tougher macro environment," said Kranthi Bathini, director of equity strategy at Wealthmills Securities.

"That is largely because banks are conservative towards loan growth, which coupled with tighter liquidity conditions, could mean that an economic recovery could be prolonged."

RBL Bank -- over 50% of whose slippages came from credit cards and microfinance loans -- should start seeing a normalisation in asset quality in the unsecured segment latest by July-September, CEO R Subramaniakumar said on a post-earnings call.

Kotak's gross non-performing assets ratio worsened slightly at the end of December and the lender said it would be cautious about unsecured loans going forward.

The stress "will take a couple of quarters to normalise," starting only from April-June, CEO Ashok Vaswani said at a media conference on Saturday.

Banks' gross NPA (non-performing asset) ratio could rise to 3% by the end of March 2026, from a 12-year low of 2.6% last September, the central bank said in its Financial Stability Report in December.

(Reporting by Siddhi Nayak; Editing by Savio D'Souza)

((Siddhi.Nayak@thomsonreuters.com; +91 22 6921 7848; X: https://twitter.com/siddhiVnayak))

Jan 1 (Reuters) - Indian Bank INBA.NS:

• INDIAN BANK - SHANTI LAL JAIN HAS CEASED TO BE MD, CEO

Source text: ID:nNSE4HGynJ

Further company coverage: INBA.NS

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Dec 23 (Reuters) - Indian Bank INBA.NS:

• INDIAN BANK - CENTRAL BANK OF SRI LANKA IMPOSES LKR 2 MILLION PENALTY ON INDIAN BANK

• INDIAN BANK - PENALTY FOR FAILURE TO CONFORM TO FTRA PROVISIONS

Source text: ID:nNSE8tgYlw

Further company coverage: INBA.NS

((Reuters.Briefs@thomsonreuters.com;;))

Dec 3 (Reuters) - ** India's index of state-owned banks .NIFTYPSU rises 2.3%, topping sectoral gainers

** BofA Securities reiterates "buy" on Bank of Baroda BOB.NS and Union Bank UNBK.NS; BOB rises 3%, UNBK up 4%, leading gains in the sub-index

** The relative valuations in India's banks, especially state-owned banks, are quite attractive compared to other sectors, BofA says

** The superior earnings delivery at state-owned lenders in the September quarter compared to private banks has attracted investor interest, it says

** Among private banks, BofA identifies Axis Bank AXBK.NS and ICICI Bank ICBK.NS as top picks, expecting margin gains from a "shallow rate cut cycle"

** Says AXBK offers the best relative risk-reward among private banks

** AXBK gains 2%, second-biggest gainer in private bank index .NIFPVTBNK, which is up 0.9%; ICBK up by 0.4%

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

Nov 29 (Reuters) - Indian Bank INBA.NS:

• INDIAN BANK - ONE-YEAR MCLR CHANGED TO 9.05% FROM 9% EARLIER EFFECTIVE DEC 3

Source text: ID:nNSE7WbQqr

Further company coverage: INBA.NS

((Reuters.Briefs@thomsonreuters.com;))

Nov 25 (Reuters) - Indian Bank INBA.NS:

• GOVERNMENT YET TO NOTIFY APPOINTMENT OF BINOD KUMAR AS MD, CEO OF BANK

Source text: ID:nBSEbTLyW

Further company coverage: INBA.NS

((Reuters.Briefs@thomsonreuters.com;))