RBI has imposed a monetary penalty aggregating to Rs.1.75 crore (Rupees one crore seventy five lakhs only) for non compliance with the directions issued by RBI in Opening of SB accounts of a cooperative Society and non adherence with directions on KYC/AML Norms, window dressing of the Balance sheet as on March 31, 2018 by loan disbursal amounting to Rs.508.28 crore and delay reporting of the frauds.
Shares of INDIAN BANK was last trading in BSE at Rs.122.3 as compared to the previous close of Rs. 123.9. The total number of shares traded during the day was 122381 in over 2707 trades.
The stock hit an intraday high of Rs. 127.75 and intraday low of 121.5. The net turnover during the day was Rs. 15208159.