NSE - Delayed Quote INR

Indian Bank (INDIANB.NS)

516.00

-4.85

(-0.93%)

At close: 3:30 PM GMT+5:30

India cenbank tells two lenders to stop adding customers to co-branded credit cards

India's central bank has asked South Indian Bank and Federal Bank to stop adding new customers to their co-branded credit cards, the lenders said in separate stock exchange filings on Wednesday. South Indian Bank said it has been asked to stop on-boarding any fresh customers in its co-branded credit cards until it complies with regulatory guidelines. Federal Bank said it has been asked to halt the issuance of new co-branded credit cards by the Reserve Bank of India (RBI).

Reuters last month

INDIANB.NS
-0.93%
RBI imposes penalties on State Bank of India and two other state-owned banks for regulatory violations

The Reserve Bank of India (RBI) has imposed penalties on three state-owned banks, including the State Bank of India (SBI), Indian Bank, and Punjab&Sind Bank, for violation of various regulatory norms. The announcement was made on Monday.

Investing.com 6 months ago

SBIN.NS

INDIANB.NS
-0.93%

Performance Overview

Return	INDIANB.NS	S&P BSE SENSEX
YTD	+22.59%	+2.07%
1-Year	+76.03%	+23.61%
3-Year	+456.83%	+53.36%